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    3550 Towne Point Rd Portsmouth, VA 23703

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    For Lease
    $4,233,124

    Retail space for rent on a signalized corner lot.

    Property size:
    1,225 SF
    Lot size:
    1.68 Acres

    Property Features for 3550 Towne Point Rd

    General Information

    Size
    1,225 SF
    Lot size
    1.68 Acres

    Source: Kotarides Property Management Agent Susan Springer

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

    Overview

    Retail Space on Corner Lot

    This retail space is situated on a corner lot at a signalized intersection. A pylon sign is available. The property is in close proximity to 164 and I664. The property size is 1225 square feet.
    Location Intelligence

    Current Use by Public Records

    Massage Relax Massage Therapist

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon 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
    -76.399736
    Latitude
    36.867289

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    FAQs

    What type of property is this?
    Retail space - Retail space for rent on a signalized corner lot.
    Where is this retail space located?
    The property is located at 3550 Towne Point Rd Portsmouth, VA.
    What are key features of this property?
    This property features: - Corner lot location; - Signalized intersection; - Close proximity to I-64
    (757) 461-1000
    Request Owner's contact information
    3550 Towne Point Rd Portsmouth, VA 23703
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    Portsmouth, VA 23703
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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
    3550 Towne Point Rd Portsmouth, VA 23703
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