Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Office Space in Portsmouth Title is generated by Realmo AI

    2301 Deep Creek Blvd, Portsmouth, VA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Contemporary office space with modern amenities and convenient location.

    Type:RETAIL
    Property size:
    3,611 SF
    Lot size:
    1.25 Acres
    Added:
    Mar 24, 2025
    Days on Market:
    439
    Last Refresh:
    May 20 at 9:21 pm

    Property Features for 2301 Deep Creek Blvd

    General Information

    Standard status
    Active
    Size
    3,611 SF
    Lot size
    1.25 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2301 Deep Creek Blvd Contact us

    We can help!

    Listing Contact
    Jon Elliott
    Jon Elliott

    Listing agent Jon Elliott

    Listing office Creoteric Commercial Real Estate

    Listing date Mar 24, 2025

    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 Creoteric Commercial Real Estate

    HighLights

    • Ample parking for tenants and visitors.
    • Easy access to major transportation routes.
    • Spacious, light‑filled floor plans.
    • Flexible lease options available.
    • Located in the heart of historic Portsmouth, near cafes, restaurants and shops.
    • State‑of‑the‑art facilities.

    Overview

    The property at 2301 Jefferson Street in Portsmouth, VA, offers a contemporary office space designed to enhance the work environment. The property features spacious, light-filled floor plans and modern design touches. Ample parking is available for both tenants and visitors, and the location provides easy access to major transportation routes. The property includes state-of-the-art facilities and flexible lease options. The surrounding area in historic Portsmouth features cafes, restaurants, and boutique shops. Portsmouth City Park is nearby, offering a scenic retreat. The Commodore Theatre and the Children's Museum of Virginia provide unique entertainment venues.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.322
    Latitude
    36.8213

    Nearby Similar for Lease

    • $2,958/Mo
      9,678 SF

      Historic Olde Towne Office/Retail

      Office or retail space in Historic Olde Towne Portsmouth.
      313 High St, Portsmouth, VA 23704
      View Details
    • $23 SF/Yr
      4,100 SF

      Waterfront Office Space Available

      4,100± SF office space with waterfront location.
      1 High St, Portsmouth, VA 23704
      View Details
    • $12 SF/Yr
      58,800 SF

      Portsmouth Industrial/Flex Space Available

      58,800 SF industrial/flex space with cranes and easy access.
      4025 Seaboard Court, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Portsmouth Hub

      Retail space for lease in Portsmouth's vibrant retail hub.
      4020 Victory Boulevard, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Flex Office/Warehouse Condo

      Industrial flex office/warehouse condo for lease with warehouse and office space.
      3303 Airline Blvd Ste 3G, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      600 SF

      Downtown Portsmouth Retail Space Available

      Retail space in historic downtown Portsmouth with original high ceilings.
      309 High Street, Portsmouth, VA 23704
      View Details
    • Contact for pricing

      Retail Space Near I-264

      Retail space for lease with easy highway access and parking.
      3537-3539 Airline Blvd, Portsmouth, VA 23701
      View Details
    • $2,167/Mo
      2,000 SF

      Flex Space with Yard

      Flex space with yard near Norfolk Naval Shipyard.
      1815 County St, Portsmouth, VA
      View Details
    • $1,460/Mo
      1,347 SF

      Flex Space with Yard

      Flex space with yard near Norfolk Naval Shipyard.
      1821 County St, Portsmouth, VA
      View Details
    • Contact for pricing

      Waterfront Office Space Available

      Office space for rent in historic Olde Towne Portsmouth.
      355 Crawford Street, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      4,443 SF

      Retail Space Available For Rent

      Single tenant retail space available, approximately 4,443 square feet.
      3800 King St, Portsmouth, VA 23707
      View Details
    • $22 SF/Yr
      1,626 SF

      Retail Space Available For Lease

      Retail space available for lease in Portsmouth, Virginia.
      2850 Airline Blvd, Portsmouth, VA
      View Details

    FAQs

    What type of property is this?
    Office units - Contemporary office space with modern amenities and convenient location.
    Where is this office units located?
    The property is located at 2301 Deep Creek Blvd Portsmouth, VA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Ample parking for tenants and visitors.; Easy access to major transportation routes.; Spacious, light‑filled floor plans.
    (757) 270-2788 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jon Elliott
    Jon Elliott
    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

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    2301 Deep Creek Blvd, Portsmouth, 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!