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    4948 Shoulders Hill Rd Suffolk, VA 23435

    For Sale
    $1,195,000

    Prime residential land, ready for development. High-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.195 million dollar land parcel presents a unique development opportunity in Suffolk, Virginia. Located at 4948 Shoulders Hill Rd, zip code 23435, this property is situated in a rapidly growing area, making it ideal for residential construction. The land is classified as residential and offers significant potential for building new homes. The property's precise acreage is not specified, but the asking price reflects its value and potential in this desirable location. Its coordinates are 36.840268 latitude and -76.461703 longitude. Further information regarding the specifics of the land, including zoning regulations and potential building restrictions, can be obtained by contacting the number provided in the original listing. This is a rare chance to acquire land in a thriving Virginia community poised for continued expansion. Serious inquiries only. Don't miss this chance to capitalize on the burgeoning residential market in Suffolk. Contact the provided number for complete details and to schedule a viewing.

    Property Features for 4948 Shoulders Hill Rd

    General Information

    Property type
    Land

    HighLights

    • $1,195,000 asking price.
    • Residential land.
    • Located at 4948 Shoulders Hill Rd, Suffolk, VA 23435.
    • Exceptional development opportunity in a high‑growth area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Auto Repair Shop Gym & Fitness Skin Care Clinic Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.461703
    Latitude
    36.840268

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    FAQs

    What type of property is this?
    Land - Prime residential land, ready for development. High-growth area.
    Where is this land located?
    The property is located at 4948 Shoulders Hill Rd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: $1,195,000 asking price.; Residential land.; Located at 4948 Shoulders Hill Rd, Suffolk, VA 23435.
    (757) 240-2512
    Request Owner's contact information
    4948 Shoulders Hill Rd 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
    4948 Shoulders Hill Rd Suffolk, VA 23435
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