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Property profile & analytics
FOR SALE
Commercial real estate
2500 E Washington St Suffolk, VA 23434
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-2378173
For Sale
1 / 2
$7,100,000
2500 E Washington St, Suffolk, VA 23434
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Total area
39,470 SF
Lot
7.5 ac (326,700 SF)
Zoning code
RES LOW-MEDIUM DENSITY
APN
35*151
UPID
US87-2378173
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
-
Los pentecostales de suffolk Church
-
Tabernacle Christian Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.55M
Blend (final)
Blend
$4.82M
Owner & transaction history
Zion Community Ministries
Zion Community Ministries
since 2025
Last sale
$4.4M
2 recorded transactions
Zoning & alternative use
RES LOW-MEDIUM DENSITY · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.82M
Range $4.33M – $5.30M · ±10% · vs last sale $4.40M (Dec 17 2025)
Last sale anchor
$4.40M
Dec 17 2025
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
$122 / 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
$32,700
Tax year 2023
Assessed value
$3,000,000
Assessed 2023
Previous assessed
$3,000,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$331,900
Assessed improvement
$2,668,100
Land market value
$331,900
Improvement market value
$2,668,100
Total market value
$3,000,000
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
2006
Heating
NONE
Stories
1
Total area
39,470 SF
Lot
7.5 ac (326,700 SF)
Zoning code
RES LOW-MEDIUM DENSITY
APN
35*151
UPID
US87-2378173
Jurisdiction
SUFFOLK CITY
Zoning & alternative use
RES LOW-MEDIUM DENSITY · Suffolk, VA
Zoning RES LOW-MEDIUM DENSITY · permitted uses
RES LOW-MEDIUM DENSITY · 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
2006
Heating
NONE
Stories
1
Lot
7.5 ac
Current owner
From public records · entity-resolved
Zion Community Ministries
Individual
Mailing address
3900 S OVERLAND AVE, SPRINGFIELD, MO 65807-8766
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
$4,400,000
Zion Community Ministries
Foundation Capital Resources INC
Deed
$4,085,000 · Foundation Capital Resources INC
Dec 16, 2015
$3,000,000
Foundation Capital Resources INC A
Peter G Zemanian As Substitute
Trustees 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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