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    1350 Carolina Rd Suffolk, VA 23434

    • Commercial real estate
    • 4.51 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-0503598
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1350 Carolina Rd

    Lot size
    4.51 lot acres
    Zone code
    HEAVY INDUSTRIAL
    Property type
    Commercial real estate
    APN
    44*99
    APU
    4499

    Description

    This exceptional 2.1-acre commercial land parcel presents a unique investment opportunity in Suffolk, Virginia. Located at 1350 Carolina Road, this property boasts a prime location with high visibility, situated along a road with 19,444 vehicles passing daily. The site is zoned B-2 (General Commercial), offering a wide range of development possibilities. Utilities are readily available, including water, sewer, and electricity, simplifying the development process. The seller is flexible regarding the land size, potentially accommodating various project scales. This property is priced at $1,200,000, representing a compelling value given its location, zoning, and utility access. The property's address is 1350 Carolina Rd, Suffolk, VA 23434, within Nansemond County. Its coordinates are latitude 36.681213 and longitude -76.612325. The property is also zoned M-2 (Heavy Industrial), providing additional development flexibility. This versatile location offers significant potential for a variety of commercial ventures, making it an attractive investment for discerning buyers. Don't miss this chance to acquire a strategically located commercial property in a thriving area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk City
    State
    Virginia
    Longitude
    -76.6121
    Latitude
    36.6812
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,682
    $148,800
    $5,500
    $154,300
    -
    $148,800
    $5,500
    $154,300

    Comparable in this City

    • Value Estimation by Request
      43.85 Acres

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      0.11 Acres

      326 Carolina Rd

      COMMERCIAL (GENERAL) • 0.11 Acres
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      0.11 Acres

      320 Carolina Rd

      COMMERCIAL (GENERAL) • 0.11 Acres
      320 Carolina Rd, Suffolk, VA 23434-5814
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      0.17 Acres

      405 Carolina Rd

      COMMERCIAL (GENERAL) • 0.17 Acres
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      0.24 Acres

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      2.71 Acres

      477 Factory St

      COMMERCIAL (GENERAL) • 2.71 Acres
      477 Factory St, Suffolk, VA 23434
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    1350 Carolina Rd
    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
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