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    1965 Northgate Commerce Pkwy Suffolk, VA 23435

    For Lease
    Contact for pricing

    88,935 SF Industrial Space Available

    Lot size:
    88,935 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional industrial property at 1965 Northgate Commerce Parkway offers 88,935 square feet of versatile space, ideal for warehouse, distribution, manufacturing, flex, or R&D uses. Currently, approximately 81,700 square feet is immediately available, expandable to the full building size. The space includes approximately 2,000 square feet of office space. The building features 14 dock-high doors (10' x 10'), each equipped with in-ground levelers, seals, and canopies; one door even includes a Rite-Hite Thinman trailer lift. Column spacing varies from approximately 25 to 50 feet. The high ceilings range from approximately 22 to 24 feet, enhanced by eight Rite-Hite warehouse fans. The property sits on 9.58 acres and boasts 77 parking spaces with additional trailer parking available. There's also potential for approximately 1.5 acres of outside storage. The property is zoned M-2 (Heavy Industrial) and offers 3-phase electrical power and an ESFR sprinkler system (currently wet). Its prime location in the Central Hampton Roads "Beltway" provides immediate access to major interstates (I-664, I-64, I-264, Rt. 164, US-58, and US-460), placing it adjacent to Amazon's substantial fulfillment center. Minimum divisible space is 37,500 square feet. The lease rate is reduced to $10.50 per square foot, NNN.

    Property Features for 1965 Northgate Commerce Pkwy

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    88,935 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    44,200 SF
    Space
    Available Space 2
    Size
    37,500 SF

    HighLights

    • ±81,700 SF of warehouse space available, with ±44,200 SF immediately available and expandable to ±81,700 SF total.
    • ±2,000 SF of office space included.
    • 14 dock‑high doors with levelers, seals, and canopies; one door features a Rite‑Hite Thinman lift.
    • Column spacing varies from ±25' to ±50'.
    • Eight Rite‑Hite warehouse fans and ceiling heights ranging from ±22' to ±24'.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Frito Lay Corporate Office

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Kitchen & Bath Food Market Grocery Store HVAC Service Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.4712302
    Latitude
    36.8162053

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    FAQs

    What type of property is this?
    Life science property - 88,935 SF Industrial Space Available
    Where is this life science property located?
    The property is located at 1965 Northgate Commerce Pkwy Suffolk, VA.
    What are key features of this property?
    This property features: ±81,700 SF of warehouse space available, with ±44,200 SF immediately available and expandable to ±81,700 SF total.; ±2,000 SF of office space included.; 14 dock-high doors with levelers, seals, and canopies; one door features a Rite-Hite Thinman lift.
    Request Owner's contact information
    1965 Northgate Commerce Pkwy Suffolk, VA 23435
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    Suffolk, VA 23435
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    Realmo Value Estimation

    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.

    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.

    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
    1965 Northgate Commerce Pkwy Suffolk, VA 23435
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