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    1050 University Blvd Portsmouth, VA 23703

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    For Lease
    Contact for pricing

    Proposed flex development with dock and grade loading near I-664.

    Property size:
    12,000 SF
    Lot size:
    11.09 Acres

    Property Features for 1050 University Blvd

    General Information

    Size
    12,000 SF
    Lot size
    11.09 Acres

    Source: Colliers | Norfolk Agent Ricky Anderson

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

    Overview

    Flex Development Near Interstate I-664

    This proposed flex development consists of five buildings situated on 7.34 acres. The property is located just over the Suffolk/Portsmouth city line, offering convenient access to I-664 and State Route 164 via College Drive. Interstate signage is available. The location provides close proximity to fitness centers, restaurants, hotels, and shopping in the Harbour View submarket. The available space ranges from approximately 12,000 to 24,000 square feet. The property includes a fenced outside storage area, dock and grade loading capabilities, two 12'x14' grade level doors, and one 12'x10' dock level door. It features 3-phase, 400A power, a clear span, and ceiling heights of 26' peak and 23' eave. The zoning is GMU (General Mixed Use). There is a 750 RSF office space with two restrooms.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.4160744
    Latitude
    36.8698275

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    FAQs

    What type of property is this?
    Flex space - Proposed flex development with dock and grade loading near I-664.
    Where is this flex space located?
    The property is located at 1050 University Blvd Portsmouth, VA.
    What are key features of this property?
    This property features: - Strategic location near I-664 and State Route 164, providing excellent accessibility.; - Flexible space options ranging from ±12,000 to 24,000 SF.; - Dock and grade level loading capabilities.
    (757) 490-3300
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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
    1050 University Blvd Portsmouth, VA 23703
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