Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail and Automotive Shop Buildings Title is generated by Realmo AI

    1152-1156 Portsmouth Blvd, Suffolk, VA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two buildings with fenced yard, suitable for investors or users.

    Type:INDUSTRIAL
    Property size:
    7,800 SF
    Lot size:
    1.16 Acres
    Price / SF:
    $89/SF
    Added:
    Jul 21, 2023
    Days on Market:
    1060
    Last Refresh:
    May 19 at 10:39 pm

    Property Features for 1152-1156 Portsmouth Blvd

    General Information

    Standard status
    Active
    Size
    7,800 SF
    Lot size
    1.16 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Michael Myers

    Listing agent Michael Myers

    Listing office S.L. Nusbaum Realty Co - Corporate

    Listing date Jul 21, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of S.L. Nusbaum Realty Co - Corporate

    HighLights

    • High traffic count: 24,000 cars per day
    • 6,000 S.F. grade level retail/shop building
    • 1,800 S.F. automotive shop building with three 12' x 12' overhead doors
    • Partially paved, stabilized, and fenced yard
    • Includes one 10' x 10' overhead door
    • Available for investor or user

    Overview

    The property features a 6,000 square foot grade-level retail or shop building, measuring 60 feet by 100 feet, which includes one 10-foot by 10-foot overhead door. Additionally, there is an 1,800 square foot automotive shop building equipped with three 12-foot by 12-foot overhead doors. The site includes a partially paved, stabilized, and fenced yard adjacent to and behind the buildings. The location benefits from a traffic count of 24,000 cars per day, based on 2016 data for Portsmouth Boulevard at C Street. The property is immediately available for an investor or user.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $93.6k $12.00
    − Vacancy −$5.1k −$0.66
    EGI $88.5k $11.34
    − OpEx −$26.5k −$3.40
    NOI $61.9k $7.94
    7,800 SF · lease $12.00/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $884.5K
    $774.0K – $1.03M (±1% cap)
    NOI $61,916 @ 7.0% cap · market cap 8.91%
    Second Best
    Industrial
    $743.9K
    $650.9K – $867.9K (±1% cap)
    NOI $52,072 @ 7.0% cap · market cap 7.49%
    Theoretical Best
    Office A
    $1.81M
    $1.58M – $2.11M (±1% cap)
    NOI $126,517 @ 7.0% cap · market cap 18.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Chip's Repair & Towing Service — 1137 Myrtle St, Suffolk, VA 23434
    • Wyatt & Son Automotive Inc — 600 e constance rd, suffolk, va 23434
    • RIDETIME TIRE CENTERS, LLC. — 1140 Myrtle St, Suffolk, VA 23434
    • Walker’s Auto Body, LLC. — 700 E Constance Rd, Suffolk, VA 23434
    • All -N- 1 Auto Center LLC. — 621 E Constance Rd, Suffolk, VA 23434

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.5421
    Latitude
    36.746

    Nearby Similar for Sale

    • $350,000
      4,834 SF

      Suffolk Commercial Property For Sale

      Commercial building in historic downtown Suffolk, ready for build-out.
      257 Carolina Avenue, Suffolk, VA 23434
      View Details
    • $600,000
      5,803 SF

      Historic Church in Suffolk, VA

      Two-story brick church with sanctuary, classrooms, offices, and parking.
      1613 Washington Street, Suffolk, VA 23434
      View Details
    • $650,000
      4,865 SF

      Animal Hospital and Clinic Facility

      Turnkey clinic setup with surgical suite, lab, and equine stall facilities plus flexible space for multiple operational uses.
      2451 Lake Cohoon Road, Suffolk, VA 23434
      View Details
    • $425,000
      6,336 SF

      Church and Shelter in Suffolk

      Meticulously maintained church with homeless shelter annex for sale.
      132 Bank Street, Suffolk, VA 23434
      View Details
    • $399,999
      3,600 SF

      Maintained Duplex with 4-Car Garage

      Two-unit duplex with tenant-occupied first floor, owner-occupied second floor, and an oversized 4-car garage with dual entrances.
      421 Hollywood Avenue, Suffolk, VA 23434
      View Details
    • $695,000
      7,800 SF

      Retail/Shop Building on 1.15 Acres

      Retail/shop building on 1.15 acre site for sale.
      1152, 1154 & 1156 Portsmouth Boulevard, Suffolk, VA 23434
      View Details
    • $399,000
      3,283 SF

      Suffolk Commercial Investment Opportunity

      Commercial property near industrial complex in downtown Suffolk, Virginia.
      685 Carolina Road, Suffolk, VA 23434
      View Details
    • $1,450,000
      23,594 SF

      Suffolk Commercial Building For Sale

      Eight-story commercial building in downtown Suffolk, prime real estate.
      112 W Washington Street, Suffolk, VA 23434
      View Details
    • $9,994,794
      10,797 SF

      Suffolk Retail and Office Building

      10,797 SF building on 4.201 acres in Suffolk, VA.
      3090 Godwin Blvd, Suffolk, VA 23434
      View Details
    • $299,000
      6,000 SF

      Historic Suffolk Building For Sale

      Historic 6,000 SF building in the heart of Suffolk, VA.
      120 W Washington St, Suffolk, VA 23434
      View Details
    • $295,000
      2,567 SF

      Suffolk Duplex Investment Opportunity

      Two-unit duplex in downtown Suffolk with strong rental potential.
      216 Grace Street, Suffolk, VA 23434
      View Details
    • $649,000
      2,024 SF

      Suffolk Commercial Building with Bays

      Large commercial building with four bays, ideal for automotive uses.
      811 W Constance Rd, Suffolk, VA
      View Details

    FAQs

    What type of property is this?
    Auto shop - Two buildings with fenced yard, suitable for investors or users.
    Where is this auto shop located?
    The property is located at 1152-1156 Portsmouth Blvd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: High traffic count: 24,000 cars per day; 6,000 S.F. grade level retail/shop building; 1,800 S.F. automotive shop building with **three 12' x 12' overhead doors**
    (757) 679-3273 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Myers
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1152-1156 Portsmouth Blvd, Suffolk, VA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!