$299,000 1,500 SF

314 W Washington St, Suffolk, VA 23434
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A 1,500-square-foot office building located in downtown Suffolk, Virginia, set on a 0.06-acre lot. The interior layout includes a reception area, four private offices, custom built-in features, two restrooms, and space for administrative staff. The building is positioned across from the Suffolk Library and is situated near downtown restaurants and retail. It provides convenient access to Route 13, Route 58, and other major areas within Hampton Roads, making it configured for general office/administrative use.

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?

$2k

Tax billed · 2023

Assessed value$136k

Assessed land$25k

Assessed improvement$111k

Effective rate1.20%

Value estimate

· Nov 2026

$310k

$279k – $341k

AI approach$330k

NOI build-up

Gross scheduled income$28k

Vacancy & credit loss−$6k

Operating expenses−$5k

NOI · 5.49% cap applied$16k

Realmo valuation models over county records and 5 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 comparables5

Cap rate analysis

How does the asset earn?

5.49%

$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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

314 W Washington St Suffolk, VA 23434

County assessor Recorded deeds · 2 transfers 5 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

Address Sale price Sold Size

225 Knight, Suffolk, VA 23434-4714 $210,000 Jul 2025 1,209 SF

2370 Pruden, Suffolk, VA 23434-4331 $233,000 Jun 2025 960 SF

3016 Godwin, Suffolk, VA 23434-7119 $1,800,000 May 2025 1,650 SF

3024 Godwin, Suffolk, VA 23434-7119 $1,800,000 May 2025 1,170 SF

1301 Washington, Suffolk, VA 23434-3544 $245,500 May 2025 1,792 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

Value Estimation
$160,000

1,480 SF

3529 Pruden Blvd

COMMERCIAL (GENERAL)

3529 Pruden Blvd, Suffolk, VA 23434-7245

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Value Estimation
$325,000

1,408 SF

108 Western Ave

COMMERCIAL (GENERAL)

108 Western Ave, Suffolk, VA 23434-4434

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Value Estimation
$195,000

1,104 SF

1605 Washington St

COMMERCIAL (GENERAL)

1605 Washington St, Suffolk, VA 23434-3217

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Value Estimation
$280,000

2,070 SF

118 Washington St

COMMERCIAL (GENERAL)

118 Washington St, Suffolk, VA 23434-5229

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Value Estimation
$290,000

2,351 SF

506 Washington St

COMMERCIAL (GENERAL)

506 Washington St, Suffolk, VA 23434-4007

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Value Estimation
$290,000

3,200 SF

3485 Holland Rd

COMMERCIAL (GENERAL)

3485 Holland Rd, Suffolk, VA 23434-8500

View Details