Corner Retail
6001 Holland Road Suffolk, VA 23437
6001 Holland Road, Suffolk, VA, 23437
Contact for pricing
For Sale
Contact for pricing
Retail building at the corner of Route 58 and Longstreet Lane, previously used for restaurants and suited for other retail.
Property Size2,852 SF
Price / SF$149.02
Days on Market1429
Property Features for 6001 Holland Road
General Information
- Standard status
- Active
- Size
- 2,852 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1930
Listing agency
CENTURY 21 Gold Market Realty
(757) 562-2295
Listed by
Darren Stauffer · License #VA0225043776
Source
Crexi
Added: Aug 23, 2022 Updated: Jul 21 at 5:23AM Checked: Jul 21 at 5:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Gold Market Realty
Investment Insights
Based on property information with market context.
This retail property is located on a corner site and has been hosting restaurants for many years. The building is offered as a retail location that may be utilized for other types of retail as well, based on its existing setup and storefront use.
The property sits at the intersection of Route 58 and Longstreet Lane between downtown Suffolk and the Village of Holland. Public remarks indicate the site is designed for visibility and high-volume traffic for day-to-day retail operations.
For-sale details are provided for 6001 Holland Road, Suffolk, VA 23437. An in-person tour is recommended to review the existing improvements, layout for retail use, and the overall site configuration firsthand.
The property sits at the intersection of Route 58 and Longstreet Lane between downtown Suffolk and the Village of Holland. Public remarks indicate the site is designed for visibility and high-volume traffic for day-to-day retail operations.
For-sale details are provided for 6001 Holland Road, Suffolk, VA 23437. An in-person tour is recommended to review the existing improvements, layout for retail use, and the overall site configuration firsthand.
Key Highlights
- Retail building built in 1930
- Located on the corner of Route 58 and Longstreet Lane
- Previously used for restaurants and suited for other retail uses
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $12.00 |
| − Vacancy | −$1.9k | −$0.66 |
| EGI | $32.3k | $11.34 |
| − OpEx | −$9.7k | −$3.40 |
| NOI | $22.6k | $7.94 |
2,852 SF · lease $12.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$323.4K
$283.0K – $377.3K
NOI $22,639 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$660.9K
$578.3K – $771.0K
NOI $46,260 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Butler's
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building at the corner of Route 58 and Longstreet Lane, previously used for restaurants and suited for other retail.
Where is this retail space located?
The property is located at 6001 Holland Road Suffolk, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Retail building built in 1930; Located on the corner of Route 58 and Longstreet Lane; Previously used for restaurants and suited for other retail uses
