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    5392 Nansemond Pkwy Suffolk, VA 23435

    For Sale
    $1,250,000

    Prime 7.86-acre development site near major employers.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7.86-acre development site presents a compelling investment opportunity in Suffolk, Virginia. Strategically located across from Amazon Distribution and Northgate Industrial Park, this property boasts unparalleled access to major transportation arteries via convenient interstate connections. The land is currently offered as a single parcel for $1,250,000, providing significant potential for various development projects. Alternatively, the site can be purchased in three separate parcels, each approximately 2.6 acres, with individual pricing available. The precise acreage of each parcel may vary slightly. Parcel 1 is priced at $413,486, Parcel 2 at $418,257, and Parcel 3 at $418,257. This flexible offering caters to diverse development needs and investment strategies. The property's prime location, coupled with its proximity to established industrial hubs and convenient interstate access, makes it an ideal location for a wide range of commercial ventures. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a significant land holding in a rapidly growing area of Suffolk, Virginia. The address is 5392 Nansemond Pkwy, Suffolk, VA 23435.

    Property Features for 5392 Nansemond Pkwy

    General Information

    Property type
    Land
    Lot Size
    342,382 SF

    HighLights

    • 7.86‑acre development site in Suffolk, VA, priced at $1,250,000.
    • Located across from Amazon Distribution and Northgate Industrial Park.
    • Excellent interstate access.
    • Available as one parcel or three 2.6‑acre parcels (approx.), individually priced at $413,486, $418,257, and $418,257.
    • Ideal for various commercial ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.4604886
    Latitude
    36.8175061

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    FAQs

    What type of property is this?
    Land - Prime 7.86-acre development site near major employers.
    Where is this land located?
    The property is located at 5392 Nansemond Pkwy Suffolk, VA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 7.86-acre development site in Suffolk, VA, priced at $1,250,000.; Located across from Amazon Distribution and Northgate Industrial Park.; Excellent interstate access.
    (757) 640-8241
    Request Owner's contact information
    5392 Nansemond Pkwy 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
    5392 Nansemond Pkwy Suffolk, VA 23435
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