Victory Crossing Shopping
4072 Victory Boulevard, Portsmouth, VA 23701
For Sale
New
Contact for pricing
The property is situated on Victory Boulevard in Portsmouth, Virginia.
Property Size10,402 SF
Price / SF$405.69
Days on Market7
Property Features for 4072 Victory Boulevard
General Information
Standard status
Size
Property subtype
Listing Agency:
Sands Investment Group - FTL
Listed By:
Grant Mogerman · License VA SL3557734
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:56PM
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 Sands Investment Group - FTL
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Victory Crossing is a 10,402-square-foot shopping center at 4072 Victory Boulevard in Portsmouth, Virginia.
Key Highlights
- 10,402‑square‑foot shopping center
- Located at 4072 Victory Boulevard in Portsmouth, VA 23701
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,251
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,745,020
$2.7M
Cap Rate 7%
$1,960,729
$2.0M
Cap Rate 9%
$1,525,011
$1.5M
Market Conditions
NOI Build-Up for 10,402 SF
Gross rent
$206.0K $19.80/SF
− Vacancy
−$9.9K −$0.95/SF
EGI
$196.1K $18.85/SF
− OpEx
−$58.8K −$5.65/SF
NOI
$137.3K $13.19/SF
Area
Portsmouth County, VA
Vacancy
4.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,745,020
Cap Rate 7%
$1,960,729
Cap Rate 9%
$1,525,011
Alternative Uses
Best Use
Retail
$1.96M
$1.72M – $2.29M
NOI $137,251 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,813 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Well-served
Demand for This Use
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 Retail in South region
Similar Off Market Nearby
- Victory West Shopping Center — Victory West Shopping Center, Portsmouth, VA 23701
- Coinstar — Farm Fresh, 4000 Victory Blvd, Portsmouth, VA 23701
- Victory Crossing Shopping Center — 4000 Victory Blvd, Portsmouth, VA 23701
- Coin Cloud Bitcoin ATM — 4000 Victory Blvd, Portsmouth, VA 23701
- Alexander's Corner Shops — 2558 Airline Blvd, Portsmouth, VA 23701
Frequently Asked Questions
What type of property is this?
Shopping center - The property is situated on Victory Boulevard in Portsmouth, Virginia.
Where is this shopping center located?
The property is located at 4072 Victory Boulevard Portsmouth, VA.
What is the asking price?
The asking price for this property is $4,220,000.
What are key features of this property?
This property features: 10,402‑square‑foot shopping center; Located at 4072 Victory Boulevard in Portsmouth, VA 23701
