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

    6601 Park Dr Suffolk, VA 23435

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    242,000 SqFt industrial space for rent in Suffolk.

    Type:Industrial
    Property size:
    242,000 SF
    Added:
    Mar 4, 2025
    Days on Market:
    409
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 6601 Park Dr

    General Information

    Standard status
    Active
    Size
    242,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2022

    Spaces For Lease

    at 6601 Park Dr Contact us

    We can help!

    Listing Contact
    Charles Dickinson

    Listing agent Charles Dickinson License #VA

    Listing office Harvey Lindsay Commercial Real Estate

    Listing date Mar 4, 2025

    Source Crexi

    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 Harvey Lindsay Commercial Real Estate

    Overview

    Suffolk Industrial Space Available

    This industrial property in Suffolk, Virginia, offers a space available for rent. The available space encompasses 242,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.4809
    Latitude
    36.8308

    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

      Retail Space Near National Retailers

      Prime commercial property with high visibility and strong traffic.
      1208-1214 North Main Street | Suffolk, VA 23434
      View Details
    • $23/mo

      Class A Office Sublease

      Class A office space available for sublease.
      8030 Harbour View Boulevard, Suffolk, VA, 23435
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space anchored by Kroger and Belk with drive-thru.
      1401-1463 North Main Street | Suffolk, VA 23434
      View Details
    • Contact for pricing

      Retail Space in Suffolk, VA

      Retail space with high visibility on N. Main Street.
      810-1018 North Main Street | Suffolk, VA 23434
      View Details
    • Contact for pricing

      Retail Space Near Medical Center

      Retail space available in Suffolk, near Bon Secours Medical Center.
      6253 - 6255 College Dr, Suffolk, VA 23435
      View Details

    FAQs

    What type of property is this?
    Warehouse - 242,000 SqFt industrial space for rent in Suffolk.
    Where is this warehouse located?
    The property is located at 6601 Park Dr Suffolk, VA.
    What are key features of this property?
    This property features: Large Space: 242,000 SqFt available; Industrial Property Type; New Construction: Built in 2022
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charles Dickinson
    Real Estate License ID: VA
    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!