Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    Holland Rd Suffolk, VA 23437

    Sponsored
    For Sale
    $1,235,500

    Prime Agricultural Land, US 58 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional 9.5-acre commercial land parcel presents a unique investment opportunity in Suffolk, Virginia. Strategically located on US 58/Holland Road, this property boasts 975 feet of road frontage, providing excellent visibility and accessibility. The land is zoned for agricultural use, offering a range of potential development options. A significant advantage is the availability of water on-site, simplifying infrastructure needs. While sewer access is approximately 0.9 miles away, the property's prime location and ample acreage make it an attractive prospect for various commercial ventures. The median access at Holland Road ensures convenient ingress and egress. With its substantial size and strategic location, this property is ideal for businesses seeking a prominent presence along a major thoroughfare. The asking price is $1,235,500. This is a rare opportunity to acquire a large, well-situated parcel in a growing area. Serious inquiries are encouraged. The property's address is Holland Rd, Suffolk, VA 23437.

    Property Features for 0 Holland Rd

    General Information

    Property type
    Land
    Lot Size
    413,820 SF

    We can help!

    Listing Contact
    Clark Baldwin
    Clark Baldwin

    Learn more

    HighLights

    • US‑58/Holland Rd location.
    • 9.5‑acre parcel.
    • 975 feet of road frontage.
    • Agricultural zoning.
    • On‑site water; sewer approx. 0.9 miles.
    • Median access via Holland Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.7268096
    Latitude
    36.6954137

    Nearby Similar for Sale

    • $600,000
      5,803 SF

      Historic Church in Suffolk, VA

      Two-story brick church with sanctuary, classrooms, and parking.
      1613 Washington St, Suffolk, VA 23434
      View Details
    • $425,000
      2,124 SF

      Suffolk Mixed-Use Property For Sale

      Unique mixed-use property with office and residential spaces in Suffolk.
      2017 Wilroy Rd, Suffolk, VA 23434
      View Details
    • $440,000
      4,150 SF

      Suffolk Multifamily Investment Opportunity

      Income-producing multifamily property in Suffolk, ideal for investors.
      316 W Washington St, Suffolk, VA 23434
      View Details
    • New
      $650,000
      4,865 SF

      Suffolk Clinic with Flexible Layout

      Landmark clinic with surgical suite, stalls, and development potential.
      2451 Lake Cohoon Rd, Suffolk, VA 23434
      View Details
    • $299,000
      1,500 SF

      Downtown Suffolk Office Building For Sale

      Office building in vibrant downtown Suffolk, near restaurants and retail.
      314 W Washington St, Suffolk, VA 23434
      View Details
    • $180,000
      2,728 SF

      Suffolk Multifamily Investment Opportunity

      Income-producing multifamily property in Suffolk, ideal for investors.
      129 Chestnut St, Suffolk, VA 23434
      View Details
    • $1,450,000
      23,594 SF

      Suffolk Commercial Building For Sale

      Eight-story commercial building in downtown Suffolk, prime real estate opportunity.
      112 W Washington St, Suffolk, VA 23434
      View Details
    • $265,000
      3,040 SF

      Suffolk Income-Producing Multifamily Property

      Suffolk multifamily property with strong cash flow and long-term upside.
      113 Chestnut St, Suffolk, VA 23434
      View Details
    • Contact for pricing
      80,000 SF

      80,000 SF Warehouse with Yard

      80,000 SF Class A warehouse with laydown yard.
      1100 Enterprise Dr, Suffolk, VA
      View Details
    • $7,400,000
      126,733 SF

      Suffolk Industrial Property Near Port

      126,733 SF industrial building near the Port of Virginia.
      1368 Progress Rd, Suffolk, VA 23434
      View Details
    • $439,900
      2,723 SF

      Downtown Suffolk Commercial Space Available

      Versatile commercial space in downtown Suffolk with excellent road frontage.
      438 N Main St, Suffolk, VA 23434
      View Details
    • $7,250,000
      22,395 SF

      Harbour View Medical Office Building

      Two-story medical office building in a rapidly growing area.
      5849 Harbour View Blvd, Suffolk, VA 23435
      View Details

    FAQs

    What type of property is this?
    Land - Prime Agricultural Land, US 58 Frontage
    Where is this land located?
    The property is located at Holland Rd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $1,235,500.
    What are key features of this property?
    This property features: US-58/Holland Rd location.; 9.5-acre parcel.; 975 feet of road frontage.
    (757) 640-9290
    Request Owner's contact information
    Holland Rd Suffolk, VA 23437
    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.
    Holland Rd
    Suffolk, VA 23437
    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
    Holland Rd Suffolk, VA 23437
    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

    We can help!
    Listing Contact
    Clark Baldwin
    Clark Baldwin
    Real Estate License ID: VA 0225052344
    (757) 640-9290
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.