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    1137 Progress Rd Suffolk, VA 23434

    Sponsored
    For Sale
    $4,500,000
    Property size:
    53,320 SF
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 1137 Progress Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    53,320 SF
    Lot Size
    225,205 SF

    Building Details

    Year Built/Renovated
    1968/1996

    HighLights

    • 53,320 SF industrial building in Suffolk, VA.
    • Built in 1968 with a 1996 expansion.
    • 15.17‑acre site.
    • Fully sprinklered.
    • Metal construction.
    • 3‑phase heavy power.
    Property Profile Location Intelligence

    Current Use by Public Records

    ProAmPac Corporate Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Wholesale Shop Accounting Firm Grocery Store Daycare Center Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk City
    State
    Virginia
    Longitude
    -76.5450936
    Latitude
    36.7709633

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    FAQs

    Where is this manufacturing property located?
    The property is located at 1137 Progress Rd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 53,320 SF industrial building in Suffolk, VA.; Built in 1968 with a 1996 expansion.; 15.17-acre site.
    Request Owner's contact information
    1137 Progress Rd Suffolk, VA 23434
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    Suffolk, VA 23434
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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
    1137 Progress Rd Suffolk, VA 23434
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