Array Condominium
2019 Laycock Ln, Suffolk, VA 23435
Suffolk, Virginia, United States
Address
City: Suffolk
State: Virginia
Postal Code: 23435
Country: United States
Business facts
Estimated annual revenue~$940.9K
Estimated employees~3
Estimated wage bill~$250.2K
Estimate based on moderate signals
Area statistics (23435)
Population33,614
Median household income$107,800
Source: US Census ACS
About
Array Condominium is located in Suffolk, Virginia. This business is working in the following industry: Condominium Complex.
Market analysis
Earning above its category median in a stable category (Condominium Complex).
EstimateCategory trend: 2024, +1.9%
Revenue trend (modeled)
~$810.5K2019
~$823.4K2020
~$992.0K2021
~$1.0M2022
~$927.9K2023
~$940.9K2024
Modeled from official industry statistics+3.0%/yr since 201980% confidence band: ±42%
Property
Lot size43 acres
CountySuffolk_city
On this lotshared with 3 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Condominium Complex in Virginia | 1,057 | ~$793.9M | ~$751.8K | ~$603.4K | 4.1★ | 1.6× |
Category revenue trend2024: +1.9%2023: -8.8%2022: +6.6%2021: +18.6%Modeled from business-level estimates
Chain pressure312 chains expanding in this category, led by Closed, Julie Do, Eli Hunt (+1,877 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 37 | ~$61.3M | ~$1.7M | ~$609.4K | 193 | ~$16.7M | 1.5× |
| Real estate activities | 16 | ~$15.4M | ~$960.5K | — | 39 | — | — |
1 km area (all businesses): median from the 35 of 37 businesses with estimates
Estimate
Area conditions (23435)
Population33,614 ±1,495
Median household income$107,800 ±$8,198
Median home value$357,300
Bachelor's degree or higher0.4%
Unemployment rate0.0%
Source: US Census ACS