Industrial Development
For Sale
$250,000
3320 Holland Rd, Suffolk, VA 23434
Half-acre industrial parcel offered for development near a major intermodal truck terminal.
Property Size896 SF
Lot Size0.50 Acres
Price / SF$279.02
Days on Market99
Property Features for 3320 Holland Rd
General Information
Standard status
Active
Size
896 SF
Lot size
0.50 Acres
Property subtype
Vacant Land
Listing Agency:
CENTURY 21 Nachman Realty
Listed By:
Charles King Jr.
(800) 539-8014
Source:
Horakrealtygroup
Added: Jul 26
Changed: Oct 26
Last Checked: Oct 7 at 4:38PM
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 Nachman Realty
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Investment Insights
Based on property information with market context.
This 0.50-acre industrial land parcel is available for sale at 3320 Holland Rd in Suffolk, VA. The site is positioned next to Centerpoint Intermodal Truck Terminal and is being marketed as suitable for development of warehousing, a truck plaza, or an industrial park intended to support ancillary businesses.
Given the proximity to an intermodal truck facility, the property offers a development-focused setting for industrial users looking for a small-scale, dedicated parcel. Development plans should be confirmed with the appropriate local approvals and permitting requirements.
The offering is for the land only, with development scope tailored to the intended warehousing or truck-oriented uses described in the property remarks.
Given the proximity to an intermodal truck facility, the property offers a development-focused setting for industrial users looking for a small-scale, dedicated parcel. Development plans should be confirmed with the appropriate local approvals and permitting requirements.
The offering is for the land only, with development scope tailored to the intended warehousing or truck-oriented uses described in the property remarks.
Key Highlights
- .50‑acre industrial parcel for development
- Located next to CenterPoint Intermodal Truck Terminal
- Suitable for development as warehousing, a truck plaza, or an industrial park for ancillary businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,263
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,260
$145.3K
Cap Rate 7%
$103,757
$103.8K
Cap Rate 9%
$80,700
$80.7K
Market Conditions
NOI Build-Up for 896 SF
Gross rent
$9.1K $10.20/SF
− Vacancy
−$594 −$0.66/SF
EGI
$8.5K $9.54/SF
− OpEx
−$1.3K −$1.43/SF
NOI
$7.3K $8.11/SF
Area
Suffolk County, VA
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,260
Cap Rate 7%
$103,757
Cap Rate 9%
$80,700
Alternative Uses
Best Use
Warehouse
$103.8K
$90.8K – $121.1K
NOI $7,263 @ 7.0% cap · market cap 2.91%
Second Best
Industrial
$85.5K
$74.8K – $99.7K
NOI $5,982 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$207.6K
$181.7K – $242.2K
NOI $14,533 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7
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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial land - Half-acre industrial parcel offered for development near a major intermodal truck terminal.
Where is this industrial land located?
The property is located at 3320 Holland Rd Suffolk, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: .50‑acre industrial parcel for development; Located next to CenterPoint Intermodal Truck Terminal; Suitable for development as warehousing, a truck plaza, or an industrial park for ancillary businesses
