Mixed-Use Property with
2017 Wilroy Road, Suffolk, VA 23434
For Sale
$385,000
Commercial/Industrial, Suffolk, VA
Property Size2,124 SF
Lot Size2.43 Acres
Price / SF$181.26
Days on Market660
Property Features for 2017 Wilroy Road
General Information
Property type
Property subtype
Parking features
Subdivision
Standard status
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Buildings
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 935-9000
Listed By:
Stacey Hayden · License VA #321271
(757) 690-0439
Added: Jan 24, 2025
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 10567431
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 2.43 acres, this 2,124-square-foot property has separate office and residential areas. The office portion includes a private restroom, kitchenette, and storage; the residential side has three bedrooms. Recent work includes interior paint and flooring, kitchen cabinets and counters, vinyl siding, and a shingle roof. The building was constructed in 1950 and has heat-pump heating and central air conditioning.
Zoned B-2, the property is connected to city water and sewer. A turning lane provides direct access from Wilroy Road, and the site is next to Children’s Center. Off-street parking is available.
Zoned B-2, the property is connected to city water and sewer. A turning lane provides direct access from Wilroy Road, and the site is next to Children’s Center. Off-street parking is available.
Key Highlights
- 2.43‑acre parcel with a 2,124‑square‑foot building
- Separate office area with private restroom, kitchenette, and storage
- Residential portion includes 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,807
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,140
$516.1K
Cap Rate 7%
$368,671
$368.7K
Cap Rate 9%
$286,744
$286.7K
Market Conditions
NOI Build-Up for 2,124 SF
Gross rent
$45.9K $21.60/SF
− Vacancy
−$4.6K −$2.16/SF
EGI
$41.3K $19.44/SF
− OpEx
−$15.5K −$7.29/SF
NOI
$25.8K $12.15/SF
Area
Suffolk County, VA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,140
Cap Rate 7%
$368,671
Cap Rate 9%
$286,744
Alternative Uses
Best Use
Mixed Use
$368.7K
$322.6K – $430.1K
NOI $25,807 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.2K
$430.7K – $574.2K
NOI $34,452 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
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Business Placement
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines dedicated office space with a three-bedroom residential side on a 2.43-acre parcel.
Where is this mixed-use property located?
The property is located at 2017 Wilroy Road Suffolk, VA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2.43‑acre parcel with a 2,124‑square‑foot building; Separate office area with private restroom, kitchenette, and storage; Residential portion includes 3 bedrooms
