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400 Washington St Suffolk, VA 23434-5304

OFF-MARKET Commercial real estate Google Maps
1,500 SF 0.08 ac lot Built 1950
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$235k
Range $212k – $259k (±10%)
Property ID US87-1133763

Property summary

AI-generated overview

This exceptional commercial property, located at 400 W Washington Street in the heart of Downtown Suffolk, Virginia, presents a fantastic investment opportunity. The building boasts a total of three separate offices, providing ample space for a variety of business needs. A convenient kitchenette is included, perfect for employee breaks or client meetings. Two bathrooms ensure comfort and convenience for both staff and visitors. Significant storage space is also available, addressing the needs of businesses requiring ample storage capacity. The property features covered private parking directly in front of the building, offering a secure and convenient parking solution for occupants and clients. A significant upgrade was completed in 2022, focusing on the electrical system, ensuring modern and reliable power throughout the building. The property sits on a 0.08-acre lot. Currently leased, this property offers immediate income potential and a stable investment for the discerning buyer. The prime downtown location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving and established commercial environment. This is a rare opportunity to acquire a well-maintained, updated commercial building in a desirable location. The combination of updated systems, ample space, and convenient parking makes this property a highly attractive investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 1,500 SF
Lot 0.08 ac (3,485 SF)
Zoning code CENTRAL BUSINESS
APN 34G17(A)*113
UPID US87-1133763

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
  • Home Health Care Service
  • Barber Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2026
2 recorded transactions
2026
$101,007
2012
$95,000

Zoning & alternative use

CENTRAL BUSINESS · Suffolk, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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