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3920 Bridge Rd, Suffolk, VA 23435
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Property summary
AI-generated overview
A Class A medical office property located in the BelleHarbour/Harbour View area of Suffolk, Virginia, providing access to I-664 and positioned with visibility along Route 17. The building includes above-code surface parking at an established ratio of approximately 6 spaces per 1,000 square feet. Vertical circulation is supported by full gurney-capable elevators. The property includes an Ambulatory Surgical Center (ASC) and also has an on-site 24/7 Emergency Department staffed by Board Certified Emergency Physicians. The site’s full-service scope includes janitorial services, with infectious or regulated medical waste handled separately. The property sits within a service area with convenient driving access to Newport News and Hampton to the north/peninsula and to Norfolk and Portsmouth to the southside.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2019
Total area
99,479 SF
Lot
17.9 ac (779,724 SF)
APN
13*17*LH1
UPID
US87-2389845
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hospital
-
Physician
-
Physician
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.60M
Comparable Approach
Comparable
$19.90M
Blend (final)
Blend
$21.10M
Owner & transaction history
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$21.10M
Value range
$18.99M – $23.20M
±10% around blend
Estimated value / SF
$212 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$18.99M
blend $21.10M
$23.20M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
99,479 SF
Lot area
17.9 ac
Year built
2019
Stories
4
APN
13*17*LH1
Assessed value
$37,937,000
Annual tax
$413,513
3
Income approach: direct capitalization
Partial preview
Income approach indication
$18.60M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$20.15M
@ 6.5% CAP return
$18.60M
@ 7% CAP return
$17.27M
4
Sales comparison
Partial preview
Sales approach indication
$19.90M
Range $4.87M – $19.90M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$21.10M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 37 sales
$261
-19%
Submarket 241 sales
$197
+8%
County 241 sales
$197
+8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $212/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$37.94M
Move the market yield to see immediate price impact.
Value / SF
$381
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.39M
$47.80M
$34.14M
$26.56M
$2.66M
$53.11M
$37.94M
$29.51M
$2.92M
$58.42M
$41.73M
$32.46M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$413,513
Tax year 2023
Assessed value
$37,937,000
Assessed 2023
Previous assessed
$37,937,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$906,900
Assessed improvement
$37,030,100
Land market value
$906,900
Improvement market value
$37,030,100
Total market value
$37,937,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
2019
Heating
NONE
Stories
4
Total area
99,479 SF
Lot
17.9 ac (779,724 SF)
APN
13*17*LH1
UPID
US87-2389845
Jurisdiction
SUFFOLK CITY
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
4
Lot
17.9 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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