3332 Victory Boulevard Portsmouth, VA 23701
COMMERCIAL - Portsmouth, VA
Property Features for 3332 Victory Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- GMU
- Standard status
- Active
- Size
- 1,222 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6624
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Roof type
- Composition
Listing agent Julie Crist License #225065475 (757) 564-1557
Listing office RE/MAX Capital 1730 George Washington Mem Hwy Suite F1, Williamsburg, VA (757) 926-4346
Listing date Jun 20, 2025
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Investment Insights
Based on property information with market context.
Located on a well-traveled corner at Greenwood Dr and Victory Blvd in Portsmouth, Virginia, the site is noted to be near interstate access and mass transit, as well as surrounding neighborhoods.
The property is listed in GMU zoning and includes a 0.32-acre lot with a building size of 1,222 square feet.
Key Highlights
- Well‑maintained all‑brick building on a corner lot on Greenwood Dr and Victory
- Prince Fried Chicken business and building/land available for sale
- Business includes all kitchen fixtures
Local Financial Insights For Specialty 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 | $22.1k | $18.12 |
| − Vacancy | −$930 | −$0.76 |
| EGI | $21.2k | $17.36 |
| − OpEx | −$5.3k | −$4.34 |
| NOI | $15.9k | $13.02 |
