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Property profile & analytics
OFF-MARKET
Estimated value
$12,475,000
Commercial real estate
200 Constance Rd Suffolk, VA 23434-4413
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2343134
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1754
Total area
63,446 SF
Lot
13 ac (566,280 SF)
Zoning code
OFFICE-INSTITUTIONAL
APN
34G10(A)*14
UPID
US87-2343134
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Concordia Assisted Living – Nansemond Commons Nursing Home Retirement Community
-
Fenton Rhaney Physician
-
Nans Pointe Rehabilitation and Nursing Nursing Home
-
Debbie Barton Nursing Home
-
Melvin Baker Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.48M
CAP Approach
CAP
$11.86M
Comparable Approach
Comparable
$8.43M
Blend (final)
Blend
$12.48M
Owner & transaction history
Nans Pointe Propco LLC · 2 yrs held
Nans Pointe Propco LLC
since 2024
Last sale
$12.5M
5 recorded transactions
Zoning & alternative use
OFFICE-INSTITUTIONAL · Suffolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Suffolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Suffolk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$12,475,000
ML approach
$12,475,000
CAP Approach
CAP Return
Estimation
6%
$12,850,000
6.5%
$11,860,000
7%
$11,010,000
Blend value · Realmo final
$12.48M
Range $11.23M – $13.72M · ±10% · vs last sale $12.47M (Apr 18 2024)
Last sale anchor
$12.47M
Apr 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$197 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$49,652
Tax year 2023
Assessed value
$4,555,200
Assessed 2023
Previous assessed
$4,555,200
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$484,000
Assessed improvement
$4,071,200
Land market value
$484,000
Improvement market value
$4,071,200
Total market value
$4,555,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1754
Heating
NONE
Total area
63,446 SF
Lot
13 ac (566,280 SF)
Zoning code
OFFICE-INSTITUTIONAL
APN
34G10(A)*14
UPID
US87-2343134
Jurisdiction
SUFFOLK CITY
Zoning & alternative use
OFFICE-INSTITUTIONAL · Suffolk, VAZoning OFFICE-INSTITUTIONAL · permitted uses
OFFICE-INSTITUTIONAL · Suffolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1754
Heating
NONE
Lot
13 ac
Current owner
From public records · entity-resolved
Nans Pointe Propco LLC
Entity
Free & Clear · 2 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$12,473,520
Nans Pointe Propco LLC
Nansemond Pointe Va Propco LLC
Special Warranty Deed
—
Jan 27, 2022
—
Bay Pointe Va Propco LLC
—
Deed
related
$82,823,690 · Monticello Funding Bth-56 Mezz LLC
Sep 17, 2019
$28,669,300
Nansemond Pointe Va Propco LLC
Eagle Realty Xii LLC
Special Warranty Deed
$164,000,000 · Monticello Funding LLC
Sep 26, 2017
$24,516,004
Eagle Realty Xii LLC A Virginia Lim
Knd Real Estate Escrow Holdings LLC
Special Warranty Deed
$125,680,000 · Fifth Third Bank
Sep 26, 2017
$3,818,900
Kind Real Estate Escrow Holdings Ll
Ventas Realty Limited Partnership A
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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