Storefront Retail
For Sale
Contact for pricing
164 S Saratoga St, Suffolk, VA 23434
Commercial storefront suited to retail, service, or office use near Downtown Suffolk.
Property Size4,800 SF
Price / SF$0.00
Days on Market48
Property Features for 164 S Saratoga St
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1975
Listing Agency:
Coastal Group Inc
Listed By:
Patriot Property Management
(757) 478-4881
Source:
757patriotproperty
Added: Aug 30
Changed: Oct 16
Last Checked: Oct 16 at 8:36AM
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 Coastal Group Inc
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Investment Insights
Based on property information with market context.
This 4,800-square-foot storefront property was built in 1975 and is located at 164 S Saratoga Street in Suffolk. The commercial space is suited to retail, service, and office uses, providing a straightforward setting for an operating business.
The property is near Downtown Suffolk with access to major roadways. Surrounding context includes established businesses and residential areas, placing the storefront within an established commercial and community setting.
The property is near Downtown Suffolk with access to major roadways. Surrounding context includes established businesses and residential areas, placing the storefront within an established commercial and community setting.
Key Highlights
- 4,800 square feet of commercial storefront space
- Built in 1975
- Located at 164 S Saratoga St, Suffolk, VA 23434
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,102
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,040
$762.0K
Cap Rate 7%
$544,314
$544.3K
Cap Rate 9%
$423,356
$423.4K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$57.6K $12.00/SF
− Vacancy
−$3.2K −$0.66/SF
EGI
$54.4K $11.34/SF
− OpEx
−$16.3K −$3.40/SF
NOI
$38.1K $7.94/SF
Area
Suffolk County, VA
Vacancy
5.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,040
Cap Rate 7%
$544,314
Cap Rate 9%
$423,356
Alternative Uses
Best Use
Retail
$544.3K
$476.3K – $635.0K
NOI $38,102 @ 7.0% cap · market cap 293,092.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$973.2K – $1.30M
NOI $77,857 @ 7.0% cap · market cap 598,900.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
15k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
4,041 visits/mo
0.2 miles
Wells Fargo
Shops & Services
3,510 visits/mo
0.4 miles
Truist
Shops & Services
3,430 visits/mo
0.2 miles
Citgo
Shops & Services
2,789 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
883 visits/mo
0.1 miles
Demographics for 23434, VA
51,430
Population
21,764
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
206.8 sq mi
ZIP Area
249
Density / Sq Mi
$75,798
Median Household Income
$47,291
Median Earnings
$1,242
Median Rent
$293,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- M & M Silk Flowers — 113 Hall Ave, Suffolk, VA 23434
- Blessed Hands — 150 W Washington St #E, Suffolk, VA 23434
- Ruth's Roses Florist — Suffolk, VA 23434
- 757FlowerShop — 119 W Washington St, Suffolk, VA 23434
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront suited to retail, service, or office use near Downtown Suffolk.
Where is this storefront property located?
The property is located at 164 S Saratoga St Suffolk, VA.
What are key features of this property?
This property features: 4,800 square feet of commercial storefront space; Built in 1975; Located at 164 S Saratoga St, Suffolk, VA 23434
