Office Building with Fenced
For Sale
Contact for pricing
3400 Airline Boulevard, Portsmouth, VA 23701
Fenced parking and yard support practical on-site storage and parking for an owner-operator or small business.
Property Size3,648 SF
Price / SF$175.16
Days on Market51
Property Features for 3400 Airline Boulevard
General Information
Standard status
Active
Size
3,648 SF
Property subtype
Retail, Office, Mixed Use
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1970
Listing Agency:
Harvey Lindsay Commercial Real Estate
Listed By:
Ryan King · License #VA
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 5 at 5:40AM
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
Investment Insights
Based on property information with market context.
This property is a commercial building configured for office and flexible business use, with a fenced parking and yard area that supports on-site parking and storage. The enclosed outdoor space is designed to keep vehicles and materials contained for day-to-day operations.
Located at 3400 Airline Boulevard in Portsmouth, Virginia, the property’s outdoor setup is well-suited for tenants that need straightforward access to their vehicles and equipment. The fenced yard feature can also help define a secure perimeter for operational needs.
For an owner-operator or tenant seeking a business space with practical outside utility, the combination of interior office space and fenced parking and yard may simplify logistics. This layout can be particularly useful for small service, administrative, or mixed-use operators who want to keep work-related materials close while maintaining an office presence.
Located at 3400 Airline Boulevard in Portsmouth, Virginia, the property’s outdoor setup is well-suited for tenants that need straightforward access to their vehicles and equipment. The fenced yard feature can also help define a secure perimeter for operational needs.
For an owner-operator or tenant seeking a business space with practical outside utility, the combination of interior office space and fenced parking and yard may simplify logistics. This layout can be particularly useful for small service, administrative, or mixed-use operators who want to keep work-related materials close while maintaining an office presence.
Key Highlights
- Fenced parking and yard for on‑site parking and storage
- Year built: 1970
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 | $72.2k | $19.80 |
| − Vacancy | −$3.5k | −$0.95 |
| EGI | $68.8k | $18.85 |
| − OpEx | −$20.6k | −$5.65 |
| NOI | $48.1k | $13.19 |
3,648 SF · lease $19.80/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.06M
$931.8K – $1.24M
NOI $74,542 @ 7.0% cap · market cap 11.67%
Second Best
Retail
$687.6K
$601.7K – $802.2K
NOI $48,134 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,297 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 23701, VA
24,629
Population
10,318
Households
2.4
Avg Household Size
41
Median Age
23%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,199
Density / Sq Mi
$63,389
Median Household Income
$44,633
Median Earnings
$1,313
Median Rent
$218,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fenced parking and yard support practical on-site storage and parking for an owner-operator or small business.
Where is this office building located?
The property is located at 3400 Airline Boulevard Portsmouth, VA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Fenced parking and yard for on‑site parking and storage; Year built: 1970
