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Financial
Distress signals
Property profile

308 Washington St Suffolk, VA 23434

OFF-MARKET
Commercial real estate
Property ID
US87-2312051
1,932 SF 0.09 ac lot Built 1754
Last sale Jan 2018 · $95,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This unique mixed-use property in Suffolk, Virginia presents a compelling investment opportunity. Situated on a 0.09-acre lot at 308 W Washington Street, this building is ideally positioned across from the upcoming new library and event venue, capitalizing on the ongoing downtown revitalization efforts. The property features a 950-square-foot commercial space currently under lease, providing immediate rental income. Above the commercial space is a completely renovated residential apartment,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$731
Tax billed · 2023
Assessed value$61k
Assessed land$36k
Assessed improvement$26k
Effective rate1.19%

Value estimate

· Oct 2026
$255k
$230k – $281k
AI approach$310k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$176/SF
ZIP average, outlier-cleaned · 190 recorded sales of this use type
Observed band · Q1–Q3$102 – $296
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CENTRAL BUSINESS
JurisdictionSUFFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.6
Building Supply10.3
Daycare Center9.9

Location

308 Washington St Suffolk, VA 23434-5302
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1260 Carolina, Suffolk, VA 23434-8727 $1,400,000 Dec 2025 2,390 SF
3016 Godwin, Suffolk, VA 23434-7119 $1,800,000 May 2025 1,650 SF
1301 Washington, Suffolk, VA 23434-3544 $245,500 May 2025 1,792 SF
853 Carolina, Suffolk, VA 23434 $700,000 Apr 2025 2,520 SF
314 Washington, Suffolk, VA 23434-5302 $240,000 Apr 2025 1,500 SF
2674 Carolina, Suffolk, VA 23434-7720 $125,000 Feb 2025 2,020 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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