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

    5681 Lee Farm Ln Suffolk, VA 23435-1769

    • Specialty properties
    • 3,667 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2312443
    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.

    Current Use by Public Records

    • Nansemond 77 Masonic Lodge / Masonic Center / Fraternal Organization

    Property Details for 5681 Lee Farm Ln

    Year built
    1997
    Lot size
    1.05 lot acres
    Property size
    3,667 SF
    Zone code
    GENERAL COMMERCIAL
    Property type
    Specialty properties
    APN
    12*12G*A*1
    APU
    1212GA1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $410,000
      Market price range: $197k - $455k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $355,000
      Current use
      COMMERCIAL (GENERAL)
      $470,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk City
    State
    Virginia
    Longitude
    -76.4895
    Latitude
    36.8619
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,695
    $191,200
    $239,500
    $430,700
    -
    $191,200
    $239,500
    $430,700

    Comparable in this City

    • Value Estimation
      $930,000
      22,723 SF

      5818 Harbour Vw Blvd

      CHARITABLE ORGANIZATION • 22,723 SF
      5818 Harbour Vw Blvd, Suffolk, VA 23435-3315
      View Details
    • Value Estimation
      $300,000
      1,800 SF

      4301 Pughsville Rd

      CHARITABLE ORGANIZATION • 1,800 SF
      4301 Pughsville Rd, Suffolk, VA 23435-2431
      View Details
    • Value Estimation
      $305,000
      2,025 SF

      Suffolk, VA 23435

      CHARITABLE ORGANIZATION • 2,025 SF
      Suffolk, VA 23435
      View Details
    • Value Estimation
      $260,000
      0.14 Acres

      Suffolk, VA 23435

      CHARITABLE ORGANIZATION • 0.14 Acres
      Suffolk, VA 23435
      View Details
    • Value Estimation
      $8,135,000
      45,146 SF

      4775 Brg Rd

      CHARITABLE ORGANIZATION • 45,146 SF
      4775 Brg Rd, Suffolk, VA 23435-2045
      View Details
    • Value Estimation
      $515,000
      8,000 SF

      1020 Champions Way

      CHARITABLE ORGANIZATION • 8,000 SF
      1020 Champions Way, Suffolk, VA 23435-3728
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.40 Acres

      Suffolk Industrial Land for Sale

      5.4-acre prime industrial site in VA
      1945 Northgate Commerce Pkwy, Suffolk, VA 23435
      View Details
    • Contact for pricing
      10.00 Acres

      High-Traffic Retail Space Available

      1,900 SF Retail Space for Lease
      0 Harbour Vw Blvd At Harbour Pointe Dr, Suffolk, VA 23435
      View Details
    • $55,000

      Cleared Lot on Clifton Street

      0.18 acre cleared lot with trees on Clifton Street.
      Clifton St, Suffolk, VA 23435
      View Details
    • $90,000

      Land For Sale in Suffolk

      Land available in Suffolk, Virginia. Sold together at closing.
      4279 Cole Ave, Suffolk, VA 23435
      View Details
    • $10,176,000
      20.12 Acres

      Prime Suffolk Commercial Land

      20 Acres, B-2 Zoning, High Visibility
      3803 Bridge Rd, Suffolk, VA 23435
      View Details
    • $40,000
      0.40 Acres

      Wooded Lot Near Golf Course

      Almost half-acre wooded lot, ideal for building a home.
      4364 Griffin Ln, Suffolk, VA 23435
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      76,170 SF

      Sentara BelleHarbour I Medical Office

      Class A Medical Office Space in Suffolk, VA
      3920 Bridge Rd, Suffolk, VA 23435
      View Details
    • Contact for pricing
      239,765 SF

      Class A Cold Storage Facility

      Modern, divisible cold storage near Port of Virginia
      0 Northgate Commerce Pkwy, Suffolk, VA 23435
      View Details
    • Contact for pricing
      580,000 SF

      Modern Suffolk Warehouse Space

      580,000 SF Warehouse - 242,000 SF Available
      6601 Park Dr, Suffolk, VA 23435
      View Details
    • Contact for pricing
      12,340 SF

      Blue Point Shops: Retail Space Available

      New Suffolk retail space, 1,600-6,290 SF.
      5941 Harbour View Blvd, Suffolk, VA 23435
      View Details
    • Contact for pricing
      1,269 SF

      Harbour View Medical Office Space

      Suffolk, VA medical office suite available.
      5839 Harbour View Blvd, Suffolk, VA 23435
      View Details
    • $17 SF/Yr
      1,576 SF

      Harbour View Professional Medical Office

      Professional/medical office complex in the heart of Harbour View.
      1035 Champions Way, Suffolk, VA 23435
      View Details
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    5681 Lee Farm Ln
    Suffolk, VA 23435-1769
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    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
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