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    5060 Greenwood Dr Portsmouth, VA 23701

    For Lease
    Contact for pricing

    Land with easy access, ready for retail development.

    Property size:
    10,322 SF
    Lot size:
    11.03 Acres

    Property Features for 5060 Greenwood Dr

    General Information

    Size
    10,322 SF
    Lot size
    11.03 Acres

    Source: The Katsias Company Agent Chris Arney

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

    Overview

    Prime Land I-264 Access

    This commercial land offers easy access off I-264 and is ready for development of up to 10,000 square feet of street retail. The property is located at the Greenwood exit of I-264, at the intersection of Airline Boulevard. The site benefits from a dense residential market and a heavy retail corridor, with a newer CVS and Food Lion nearby. Ample parking is available. The property size is 10,322 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.3827035
    Latitude
    36.80367

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    FAQs

    What type of property is this?
    Commercial land - Land with easy access, ready for retail development.
    Where is this commercial land located?
    The property is located at 5060 Greenwood Dr Portsmouth, VA.
    What are key features of this property?
    This property features: - Easy access off I-264; - Ready to build up to 10,000sf of street retail; - Located at the Greenwood exit of I-264 at the intersection of Airline boulevard
    (757) 490-3585
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    5060 Greenwood Dr Portsmouth, VA 23701
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    Portsmouth, VA 23701
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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
    5060 Greenwood Dr Portsmouth, VA 23701
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