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    Gas Station with Convenience Fueling Title is generated by Realmo AI

    2865 Pruden Blvd, Suffolk, VA 23434

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    Unencumbered, highly visible B2 site with existing fueling infrastructure and easy access to major routes and local destinations.

    Type:Single Tenant or Freestanding Building
    Lot size:
    3.16 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 1:56 am

    Property Features for 2865 Pruden Blvd

    General Information

    Standard status
    Active
    Lot size
    3.16 Acres
    Property subtype
    Single Tenant or Freestanding Building

    Spaces For Lease

    at 2865 Pruden Blvd Contact us

    We can help!

    Listing Contact
    Karen Mikulski

    Listing agent Karen Mikulski

    Listing office

    Listing date Jun 1, 2026

    Source Theshoppingcentergroup

    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 Karen Mikulski

    HighLights

    • 3.16‑acre lot with unencumbered visibility from Pruden Blvd
    • Zoned B2 for a wide range of commercial uses
    • Existing fueling infrastructure on‑site, suited for convenience store or automotive service businesses
    • Easy access to Route 13 and Sentara Obici Hospital
    • Traffic counts (ADT): US‑460 E/Pruden Boulevard 24,000; Route 58 45,000

    Overview

    This gas station property sits on a 3.16-acre lot and includes existing fueling infrastructure, supporting a convenience store or automotive service business from day one. The site offers potential for expansion or redevelopment, making it well-suited for operators who want flexibility as their needs evolve.

    The property is described as having unencumbered visibility from Pruden Blvd, and it is zoned B2 for a wide range of commercial uses. It also features convenient access to Route 13 and the nearby Sentara Obici Hospital area. Traffic in the corridor is strong, with ADT figures of 24,000 on US-460 E/Pruden Boulevard and 45,000 on Route 58, supporting consistent customer draw.

    From a leasing or ownership standpoint, the combination of visibility, B2 zoning, and built-in fueling infrastructure creates a practical fit for convenience and fuel-adjacent concepts, as well as automotive service users seeking easy drive-up access. The site’s redevelopment and expansion potential can also appeal to investors evaluating future-oriented reconfiguration under the existing zoning framework.
    Location Intelligence

    Current Use by Public Records

    Pruden Truck & Auto ... Parking Lot & Garage Western Union Bank ATM Kangaroo Express ... Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Gym & Fitness Center Pharmacy Hotel & Motel Skin Care Clinic Storage Facility HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.6069025
    Latitude
    36.7685443

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    FAQs

    What type of property is this?
    Gas station - Unencumbered, highly visible B2 site with existing fueling infrastructure and easy access to major routes and local destinations.
    Where is this gas station located?
    The property is located at 2865 Pruden Blvd Suffolk, VA.
    What are key features of this property?
    This property features: 3.16‑acre lot with unencumbered visibility from Pruden Blvd; Zoned B2 for a wide range of commercial uses; Existing fueling infrastructure on‑site, suited for convenience store or automotive service businesses
    (757) 586-4102
    We can help!
    Listing Contact
    Karen Mikulski
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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