Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3520 Sleepy Hole Rd Suffolk, VA 23435

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3520 Sleepy Hole Rd Suffolk, VA 23435

    View on Map
    • Commercial land
    For Sale
    $850,000
    View Listing →
    Suffolk Land Parcel For Sale For Sale
    $850,000

    Suffolk Land Parcel For Sale

    Commercial land available near I-664, Route 58, and James River Bridge.

    3520 Sleepy Hole Rd, Suffolk, VA 23435
    View Listing
    Property ID
    US87-3968925
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3520 Sleepy Hole Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    5 miles to I-664, 4 miles to Route 58, and 10 miles to the James River Bridge

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.5235422
    Latitude
    36.8121606

    Comparable in this City

    • Contact for pricing

      Suffolk Land For Sale

      Mixed-use development opportunity in Suffolk, zoned B-2 and R-R.
      3803 Bridge Rd, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Land Available For Lease

      Land for lease or sale with rail service available.
      2000 Northgate Commerce Pkwy, Suffolk, VA 23435
      View Details
    • $900,000
      1 SF

      Suffolk Redevelopment Opportunity

      Prime 1.30 AC redevelopment opportunity in Suffolk, Virginia.
      5665 Shoulders Hill Rd, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Harbour View Boulevard Development Parcels

      Development parcels available for sale, lease, or build-to-suit.
      5121 Gleneagles Way, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Suffolk Retail and Restaurant Space

      Retail, restaurant, and drive-thru spaces available in mixed-use development.
      Pt Pl, Suffolk, VA 23435
      View Details
    • $10,900,000
      351.00 Acres

      351 Acres Zoned M2

      351 acre farm zoned M2 in Suffolk, Virginia.
      4689 Shoulders Hill Rd, Suffolk, VA 23435
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Suffolk Land For Sale

      Mixed-use development opportunity in Suffolk, zoned B-2 and R-R.
      3803 Bridge Rd, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Land Available For Lease

      Land for lease or sale with rail service available.
      2000 Northgate Commerce Pkwy, Suffolk, VA 23435
      View Details
    • $900,000
      1 SF

      Suffolk Redevelopment Opportunity

      Prime 1.30 AC redevelopment opportunity in Suffolk, Virginia.
      5665 Shoulders Hill Rd, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Suffolk Land For Sale

      Mixed-use development opportunity in Suffolk, Virginia.
      3893 Bridge Rd, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Harbour View Boulevard Development Parcels

      Development parcels available for sale, lease, or build-to-suit.
      5121 Gleneagles Way, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Suffolk Retail and Restaurant Space

      Retail, restaurant, and drive-thru spaces available in mixed-use development.
      Pt Pl, Suffolk, VA 23435
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Medical Center

      Retail space available in Suffolk, near Bon Secours Medical Center.
      6253 College Dr, Suffolk, VA 23435
      View Details
    • Contact for pricing
      2,700 SF

      Food Lion Anchored Retail Space

      Retail space in a Food Lion-anchored neighborhood center.
      6550 Hampton Roads Pkwy, Suffolk, VA 23435
      View Details
    • Contact for pricing
      1,576 SF

      Harbour View Professional/Medical Office

      Professional/medical office complex in the heart of Harbour View.
      1039 Champions Way, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Retail Space in Suffolk, Virginia

      Retail property with diverse tenant mix in Suffolk, Virginia.
      3231 Bridge Rd, Suffolk, VA 23435
      View Details
    • Contact for pricing
      4,751 SF

      Class A Medical Office Space

      Two-story medical office building near Bon Secours Harbour View.
      5838 Harbour View Blvd, Suffolk, VA 23435
      View Details
    • Contact for pricing
      1,188 SF

      Suffolk Mixed-Use Development Space

      Mixed-use development in Harbour View area of Suffolk, Virginia.
      5911 Harbour View Blvd, Suffolk, VA 23435
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3520 Sleepy Hole Rd
    Suffolk, VA 23435
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!