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    505-509 High St Portsmouth, VA 23704

    For Lease
    Contact for pricing

    Retail spaces available in a historically renovated building.

    Property size:
    856 SF
    Lot size:
    0.21 Acres

    Property Features for 505-509 High St

    General Information

    Size
    856 SF
    Lot size
    0.21 Acres

    Source: Colliers | Norfolk Agent Sharon Holmstrom

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Renovated Building

    Retail spaces are available, ranging in size from 692 square feet up to 2,172 square feet. Suites C, D, and E can be combined to create a 2,172-square-foot space. The property is located in a historically renovated building with 77 fully-leased attached apartments. The location offers front and center visibility and easy access to I-264 and Downtown Norfolk.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.3025408
    Latitude
    36.8351116

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    FAQs

    What type of property is this?
    Retail space - Retail spaces available in a historically renovated building.
    Where is this retail space located?
    The property is located at 505-509 High St Portsmouth, VA.
    What are key features of this property?
    This property features: - Front and center visibility; - Spaces ranging from 692 sf up to 2,172 sf; - Historically-renovated building
    (757) 714-5688
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    505-509 High St Portsmouth, VA 23704
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    Portsmouth, VA 23704
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    Realmo Value Estimation

    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.

    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.

    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
    505-509 High St Portsmouth, VA 23704
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