Office-Light Industrial
1108 Wilroy Rd Suffolk, VA 23434
1108 Wilroy Rd, Suffolk, VA, 23434
$325,000
For Sale
$325,000
Compact office building with yard/storage potential on nearly one acre in Suffolk, Virginia.
Property Size1,432 SF
Lot Size0.93 Acres
Price / SF$226.96
Days on Market101
Property Features for 1108 Wilroy Rd
General Information
- Standard status
- Active
- Size
- 1,432 SF
- Lot size
- 0.93 Acres
- Property subtype
- Office
Listing agency
Norfolk - Main
(757) 228-1839
Listed by
Ben Anderson · License #0225017599
(757) 228-1839
Source
Colliers
Added: Apr 13 Updated: Jul 21 at 7:55PM Checked: Jul 21 at 7:55PM
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 Norfolk - Main
Investment Insights
Based on property information with market context.
1108 Wilroy Road presents a compact office/light industrial setup with outdoor yard or storage potential. The property includes a functional office layout within a 1,432 SF office building, supported by an outdoor area that can accommodate light industrial needs and contractor-style storage.
The site sits on approximately 0.93 acres and offers convenient regional access, with proximity to major transportation routes including US Route 58 (about one mile) and State Route 460 (about four miles).
For sale at $325,000, the HVAC system was replaced in 2025, supporting the property’s day-to-day operational readiness for an owner-user or business requiring both office space and outdoor storage.
The site sits on approximately 0.93 acres and offers convenient regional access, with proximity to major transportation routes including US Route 58 (about one mile) and State Route 460 (about four miles).
For sale at $325,000, the HVAC system was replaced in 2025, supporting the property’s day-to-day operational readiness for an owner-user or business requiring both office space and outdoor storage.
Key Highlights
- 1,432 SF office/light industrial building on 0.93 acres with outdoor yard/storage potential
- HVAC replaced in 2025
- Excellent access to US Route 58, about 1 mile away
Local Financial Insights For Office B
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 | $26.5k | $18.48 |
| − Vacancy | −$5.6k | −$3.88 |
| EGI | $20.9k | $14.60 |
| − OpEx | −$5.2k | −$3.65 |
| NOI | $15.7k | $10.95 |
1,432 SF · lease $18.48/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$224.0K
$196.0K – $261.3K
NOI $15,680 @ 7.0% cap · market cap 4.82%
Second Best
Industrial
$136.6K
$119.5K – $159.3K
NOI $9,560 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$331.8K
$290.3K – $387.1K
NOI $23,227 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ernest C Hawkins ...
Land Surveyor
Hawkins & Associates
Land Surveyor
Similar For Sale Nearby
Similar Off Market Nearby
- Mrs. Tee's Pots & Pans — 414 Declaration Ln, Suffolk, VA 23434
FAQs
What type of property is this?
Flex space - Compact office building with yard/storage potential on nearly one acre in Suffolk, Virginia.
Where is this flex space located?
The property is located at 1108 Wilroy Rd Suffolk, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,432 SF office/light industrial building on 0.93 acres with outdoor yard/storage potential; HVAC replaced in 2025; Excellent access to US Route 58, about 1 mile away
