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Property profile & analytics
FOR SALE
Commercial real estate
2000 Northgate Commerce Pkwy Suffolk, VA 23435
Entity Owned
6-yr Hold
Free & Clear
Property ID
US87-2348766
For Sale
$19,325,000
2000 Northgate Commerce Pkwy, Suffolk, VA 23435
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Total area
88,346 SF
Lot
31.49 ac (1,371,704 SF)
Zoning code
HEAVY INDUSTRIAL
APN
20*25*1B
UPID
US87-2348766
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
-
Suffolk Cold Storage Storage Facility Warehouse & Storage
-
Wanchese Fish Company Specialty Food Shop Fish Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.52M
Comparable Approach
Comparable
$17.67M
Blend (final)
Blend
$19.33M
Owner & transaction history
Daniels Development INC · 6 yrs held
Daniels Development INC
since 2020
1 recorded transaction
Zoning & alternative use
HEAVY INDUSTRIAL · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,890,000
6.5%
$16,515,000
7%
$15,335,000
Blend value · Realmo final
$19.33M
Range $17.39M – $21.26M · ±10%
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
$219 / 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
$445,842
Tax year 2023
Assessed value
$40,902,900
Assessed 2023
Previous assessed
$40,902,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,889,400
Assessed improvement
$39,013,500
Land market value
$1,889,400
Improvement market value
$39,013,500
Total market value
$40,902,900
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
For Sale
Year built
2005
Heating
NONE
Total area
88,346 SF
Lot
31.49 ac (1,371,704 SF)
Zoning code
HEAVY INDUSTRIAL
APN
20*25*1B
UPID
US87-2348766
Jurisdiction
SUFFOLK CITY
Zoning & alternative use
HEAVY INDUSTRIAL · Suffolk, VA
Zoning HEAVY INDUSTRIAL · permitted uses
HEAVY INDUSTRIAL · Suffolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Suffolk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
31.49 ac
Current owner
From public records · entity-resolved
Daniels Development INC
Entity
Free & Clear · 6 yrs held
Mailing address
2000 NORTHGATE COMMERCE PKWY, SUFFOLK, VA 23435-2142
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2020
—
Daniels Development INC
Virginia Electric And Power Co
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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