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    Property profile & analytics

    271 Benton Rd Suffolk, VA 23434

    • Warehouses
    • 908,448 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cubework / Coworking & Hybrid Office
    • UNIS / Logistics Company / Freight Service

    Property Details for 271 Benton Rd

    Property size
    908,448 SF
    Property type
    Warehouses
    Property subtype
    Office Properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk City
    State
    Virginia
    Longitude
    -76.6009
    Latitude
    36.7099

    Comparable in this City

    • Value Estimation by Request
      900,000 SF

      271 Benton Rd

      Distribution properties • 900,000 SF
      271 Benton Rd, Suffolk, VA 23434
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    • Value Estimation by Request
      977,000 SF

      271 Benton Rd

      Distribution properties • 977,000 SF
      271 Benton Rd, Suffolk, VA 23434
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    • Value Estimation by Request
      180,553 SF

      1003 Obici Industrial Blvd

      Refrigerated & Cold Storages • 180,553 SF
      1003 Obici Industrial Blvd, Suffolk, VA 23434
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    • Value Estimation by Request
      43.85 Acres

      Suffolk Va 23434

      Land • 43.85 Acres
      0 Suffolk Va 23434, Suffolk, VA 23434
      View Details
    • Value Estimation by Request
      43.85 Acres

      Meadow Country Rd

      Land • 1 SF
      0 Meadow Country Rd, Suffolk, VA 23434
      View Details
    • Value Estimation by Request
      2.49 Acres

      521 Finney Ave

      VACANT COMMERCIAL LAND • 2.49 Acres
      521 Finney Ave, Suffolk, VA 23434-3841
      View Details

    Similar Nearby for Sale

    • $4,500,000
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      1137 Progress Rd

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    • $8,900,000
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      Suffolk Industrial Complex

      126,733 SF Warehouse, Manufacturing, Cold Storage
      1368 Progress Rd, Suffolk, VA 23434
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      7,800 SF

      Retail and Automotive Shop Buildings

      Two buildings with fenced yard, suitable for investors or users.
      1152-1156 Portsmouth Blvd, Suffolk, VA 23434
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    • $7,400,000
      126,733 SF

      Suffolk Industrial Property Near Port

      126,733 SF industrial building near the Port of Virginia.
      1368 Progress Rd, Suffolk, VA 23434
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    • $425,000
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      Suffolk Mixed-Use Property For Sale

      Unique mixed-use property with office and residential spaces in Suffolk.
      2017 Wilroy Rd, Suffolk, VA 23434
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    • $75,000
      43.85 Acres

      Meadow Country Road Industrial Land

      43.85 Acres, Heavy Industrial Zoning, Suffolk, VA
      0 Suffolk Va 23434, Suffolk, VA 23434
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      908,448 SF

      Cubework Suffolk

      Coworking space • 908,448 SF
      271 Benton Rd, Suffolk, VA 23434
      View Details
    • Contact for pricing
      900,000 SF

      Virginia Distribution Center: Prime Location

      New 900,000 SF Distribution Center
      271 Benton Rd, Suffolk, VA 23434
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    • Contact for pricing
      53,320 SF

      Suffolk Industrial Facility For Sale

      53,320 SF Manufacturing/Warehouse
      1137 Progress Rd, Suffolk, VA 23434
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    • Contact for pricing
      977,000 SF

      Virginia Distribution Center Space

      Suffolk, VA: Modern industrial space available.
      271 Benton Rd, Suffolk, VA 23434
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      36,000 SF

      Suffolk Warehouse with Upgrades

      36,000 SF warehouse with planned upgrades and truck access.
      115 Dill Rd, Suffolk, VA 23434
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    • Contact for pricing
      342,640 SF

      Suffolk Warehouse with Trailer Parking

      342,640 SF warehouse with heavy trailer parking available for lease.
      301 Kenyon Rd, Suffolk, VA 23434
      View Details
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    271 Benton Rd
    Suffolk, VA 23434
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    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
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