3303 Airline Boulevard, Portsmouth, VA 23701
A 2002-built flex/industrial property in an M-1 light industrial zoning district.
- Added:
- Jun 16, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 9:00 am
Property Features for 3303 Airline Boulevard
General Information
- Standard status
- Active
- Size
- 3,015 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2002
Listing agent Ryan King License #VA
Listing office Harvey Lindsay Commercial Real Estate
Listing date Jun 16, 2026
Source Crexi
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 Harvey Lindsay Commercial Real Estate
HighLights
- Built in 2002
- Zoned M‑1 (light industrial)
Overview
Zoned M-1 (Light Industrial), the property is positioned to accommodate light industrial needs under the stated zoning classification. The offering is located at 3303 Airline Boulevard in Portsmouth, VA 23701, providing a convenient, single-property option for buyers evaluating flex and light industrial use cases.
For tenants and owner-users considering operations within light industrial parameters, this property’s age and zoning designation make it a straightforward match to M-1 requirements. As a flex/industrial asset, it may fit a range of business types that benefit from a light industrial framework, subject to confirmation of any specific use requirements and approvals in connection with the intended operation.
Local Financial Insights For Industrial
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 | $26.9k | $8.91 |
| − Vacancy | −$698 | −$0.23 |
| EGI | $26.2k | $8.68 |
| − OpEx | −$7.8k | −$2.60 |
| NOI | $18.3k | $6.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Portsmouth
- State
- Virginia
- Longitude
- -76.3765238
- Latitude
- 36.8056907
