Auto Repair Shop with Fenced
New
For Sale
$399,700
4108 George Washington Highway, Portsmouth, VA 23702
Commercial/Industrial, Portsmouth, VA
Property Size1,595 SF
Lot Size0.62 Acres
Price / SF$250.60
Days on Market5
Property Features for 4108 George Washington Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GMU
Subdivision
CRADOCK
Standard status
Active
Size
1,595 SF
Lot size
0.62 Acres
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair, dealership/vehicle sales
Taxes and HOA fees
Tax Annual Amount
4040
Utilities
Heating system
Space Heater
Cooling system
Wall/Window Unit(s)
Amenities
office space
repair garage
rollup doors
fenced parking
paved entrance
pole sign
Building Details
Year built
1956
Roof type
Shingle
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 935-9000
Listed By:
Leann Amory
(757) 690-0439
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 25 at 1:06PM
MLS# 10658876
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,595-square-foot auto shop pairs office space with an attached repair garage. The garage has two roll-up doors, and the property includes a 0.62-acre chain-link-fenced parking area. A paved entrance at the rear provides an additional way onto the site, while a pole sign stands along the road. The building was constructed in 1956 and has GMU zoning.
Located at 4108 George Washington Highway in Portsmouth, the property is next to Burger King and close to the shipyard, port authority, and interstate access. A used-car business has occupied the site as a tenant for 10 years, subject to acceptable terms.
Located at 4108 George Washington Highway in Portsmouth, the property is next to Burger King and close to the shipyard, port authority, and interstate access. A used-car business has occupied the site as a tenant for 10 years, subject to acceptable terms.
Key Highlights
- 1,595‑square‑foot auto shop with office space and an attached repair garage
- Two roll‑up garage doors
- 0.62‑acre chain‑link‑fenced parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,046
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,920
$420.9K
Cap Rate 7%
$300,657
$300.7K
Cap Rate 9%
$233,844
$233.8K
Market Conditions
NOI Build-Up for 1,595 SF
Gross rent
$31.6K $19.80/SF
− Vacancy
−$1.5K −$0.95/SF
EGI
$30.1K $18.85/SF
− OpEx
−$9.0K −$5.65/SF
NOI
$21.0K $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%
$420,920
Cap Rate 7%
$300,657
Cap Rate 9%
$233,844
Alternative Uses
Best Use
Retail
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$138.4K
$121.1K – $161.5K
NOI $9,689 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$507.8K
$444.3K – $592.4K
NOI $35,545 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23702, VA
12,239
Population
5,278
Households
2.3
Avg Household Size
33
Median Age
9%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
5,100
Density / Sq Mi
$48,288
Median Household Income
$35,716
Median Earnings
$1,228
Median Rent
$188,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- A.D. Victor Starters & Alternators — 684 Military Rd, Portsmouth, VA 23702
- Lee's Auto Care — 2610 Victory Blvd, Portsmouth, VA 23702
- USA AUTO PIT STOP — 2610 Victory Blvd, Portsmouth, VA 23702
- Tidewater Diesel LLc — 684 Military Rd, Portsmouth, VA 23702
- C&M Automotive and Truck Specialist, Inc. — 5009 Deep Creek Blvd, Portsmouth, VA 23702
Frequently Asked Questions
What type of property is this?
Auto shop - Office space connects to a repair garage with two roll-up doors.
Where is this auto shop located?
The property is located at 4108 George Washington Highway Portsmouth, VA.
What is the asking price?
The asking price for this property is $399,700.
What are key features of this property?
This property features: 1,595‑square‑foot auto shop with office space and an attached repair garage; Two roll‑up garage doors; 0.62‑acre chain‑link‑fenced parking area
