Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1511-1527 Rodman Ave Portsmouth, VA 23707

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $800,000

    Retail strip with parking, near shopping, income potential.

    Property size:
    8,506 SF
    Lot size:
    0.75 Acres

    Property Features for 1511-1527 Rodman Ave

    General Information

    Size
    8,506 SF
    Lot size
    0.75 Acres

    Source: Creoteric Commercial Real Estate Agent Jon Elliott

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

    Overview

    Retail Strip with Income Potential

    This retail strip offers immediate rental income from a tenant located at 1501 Rodman Ave. The property features a large parking area, flexible demising points, and rear roll-up doors. Situated 0.2 miles from Portsmouth's premier shopping district and less than 5 minutes from I-264, the property contains 8,506 square feet. It can be purchased as a two-property portfolio or with 1501 Airline Ave.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -76.346772
    Latitude
    36.826209

    Nearby Similar for Sale

    • $799,900
      5,324 SF

      Portsmouth Quadplex Investment Opportunity

      Multi-family quadplex in Prentis Park with immediate rental income.
      1520 Prentis Ave, Portsmouth, VA 23704
      View Details
    • $879,000
      10,654 SF

      Downtown Portsmouth Commercial Opportunity

      Centrally located corner property with renovation potential in Portsmouth, VA.
      701 Court St, Portsmouth, VA 23704
      View Details
    • $619,000
      1,222 SF

      Established Restaurant Business For Sale

      Turn-key restaurant with building on a well-traveled corner.
      3332 Victory Blvd, Portsmouth, VA 23701
      View Details
    • $169,900
      1,050 SF

      Office Condo in Churchland

      Single-story office condo with reception, offices, common area, bath.
      5907 W Norfolk Rd, Portsmouth, VA 23703
      View Details
    • New
      $324,900
      1,709 SF

      Updated Multi-Family Home

      Updated multi-family property with income potential in Portsmouth, Virginia.
      2211 Peach St, Portsmouth, VA 23704
      View Details
    • $898,500
      9,000 SF

      Renovated Warehouse on Airline Boulevard

      Fully renovated warehouse with flexible space and high-traffic exposure.
      2618 Airline Blvd, Portsmouth, VA 23701
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail strip with parking, near shopping, income potential.
    Where is this strip mall located?
    The property is located at 1511-1527 Rodman Ave Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Immediate rental income from existing tenant.; - Located near Portsmouth's premier shopping district and I-264.; - Large parking area.
    (757) 270-2788
    Request Owner's contact information
    1511-1527 Rodman Ave Portsmouth, VA 23707
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1511-1527 Rodman Ave
    Portsmouth, VA 23707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1511-1527 Rodman Ave Portsmouth, VA 23707
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.