Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6253 - 6255 College Dr Suffolk, VA 23435

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Suffolk, near Bon Secours Medical Center.

    Added:
    Nov 25, 2025
    Days on Market:
    127
    Last Refresh:
    Mar 30 at 12:58 am

    Property Features for 6253 - 6255 College Dr

    General Information

    Standard status
    Active

    Spaces For Lease

    at 6253 - 6255 College Dr Contact us

    We can help!

    Listing Contact
    Debra Ramey

    Listing agent Debra Ramey

    Listing office

    Listing date Nov 25, 2025

    Source Tscg

    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 Debra Ramey

    Overview

    Retail Space Near Medical Center

    Located near Bon Secours Medical Center and Lockheed Martin's Global Center for Innovation in Suffolk, Virginia, Harbour View East is a 244,046 square foot development. The property is anchored by Walmart, Kohl's, Dick's Sporting Goods, TJ Maxx, PetSmart, and Burlington. A 3,750 square foot space is currently available. The location provides easy, direct access from I-664 at College Drive. The area has a daytime population exceeding 50,000 within a 5-mile radius. Traffic counts show 70,000 AADT on I-664 and 21,000 AADT on College Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T.J. Maxx Clothing & Fashion Store Burlington Clothing & Fashion Store HomeGoods Department Store DICK'S Sporting Goods (Bike/Boat/Book/etc) Store FedEx Drop Box Postal Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.4283
    Latitude
    36.8792

    Nearby Similar for Lease

    • $10/mo

      Suffolk Commercial Property For Lease

      Highly visible corner property with ample parking and outdoor dining.
      6001 Holland Road, Suffolk, VA 23437
      View Details
    • $1.50/mo

      Suffolk, VA Commercial Building Lease

      Brick building on Main Street with ample parking.
      811 E WASHINGTON Street, Suffolk, VA 23434
      View Details
    • $28/mo

      Medical Office Space Near Hospital

      Class A medical office space near Sentara Obici Hospital.
      2760 Godwin Boulevard, Suffolk, VA 23434
      View Details
    • $10/mo

      Suffolk Industrial Space Available

      60,000 SF industrial space near Port of Virginia.
      1368 Progress Road, Suffolk, VA 23434
      View Details
    • $10/mo

      Suffolk Industrial Space Available

      Industrial property in Suffolk, VA, near Port of Virginia.
      1368 Progress Road, Suffolk, VA 23434
      View Details
    • $10/mo

      Suffolk Industrial Space Available

      60,000 SF industrial space near Port of Virginia.
      1368 Progress Road, Suffolk, VA 23434
      View Details
    • Contact for pricing

      Suffolk Medical Office Space Available

      Class A medical office space in a growing Suffolk area.
      3920 Bridge Road, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Class A Medical Office Space

      Two-story medical office building near Bon Secours Harbour View.
      5838 Harbour View Blvd, Suffolk, VA
      View Details
    • $15/mo

      Suffolk Office Space Available

      Office space available for lease in Suffolk, Virginia.
      414 Market St, Suffolk, VA
      View Details
    • $17/mo

      Harbour View Professional Medical Office

      Professional/medical office complex in the heart of Harbour View.
      1035 Champions Way, Suffolk, VA
      View Details
    • $25/mo

      Retail Space in Harbour View

      Retail space available in a multi-tenant shopping center.
      5883-5889 Harbour View Blvd, Suffolk, VA
      View Details
    • $15/mo

      Suffolk Industrial Flex Space

      New construction flex space in Suffolk, delivery August 2025.
      324 Page Pl, Suffolk, VA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Suffolk, near Bon Secours Medical Center.
    Where is this shopping center located?
    The property is located at 6253 - 6255 College Dr Suffolk, VA.
    What are key features of this property?
    This property features: Excellent location with easy direct access from I‑664 at College Drive.; High traffic counts: I‑664 (70,000 AADT) and College Drive (21,000 AADT).; Located near Bon Secours Medical Center and Lockheed Martin's Global Center for Innovation.
    (757) 586-4102
    We can help!
    Listing Contact
    Debra Ramey
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!