Financial
Distress signals
Property profile

438 Main St Suffolk, VA 23434

OFF-MARKET
Other commercial real estate
Property ID
US87-3658545
2,723 SF 0.72 ac lot Built 1905
Last sale May 2025 · $277,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a downtown Suffolk commercial building located directly across from the Suffolk Post Office. It contains approximately 2,800 sq. ft. of interior space configured with multiple rooms suitable for offices, conference rooms, and other professional service uses. The layout includes a kitchenette, two full bathrooms, and a full basement that can be used for storage and/or potential expansion. The site provides ample parking and has a lot size of 0.72 acres with road frontage. The property is zoned commercial and has city water and sewer service.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$259k
Assessed land$95k
Assessed improvement$164k
Effective rate1.19%

Value estimate

· Sep 2026
$360k
$324k – $396k
AI approach$330k

Realmo valuation models over county records and 15 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 comparables15

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 Facility11.5
Building Supply8.9
Electrical Service8.9

Location

438 Main St Suffolk, VA 23434-4425
County assessor Recorded deeds · 3 transfers 15 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
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
300 Washington, Suffolk, VA 23434-5302 $385,000 Feb 2025 2,646 SF
810 Washington, Suffolk, VA 23434-3927 $500,000 Feb 2025 3,996 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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