422 Crawford Street Portsmouth, VA 23704
COMMERCIAL - Portsmouth, VA
- Added:
- May 17, 2026
- Days on Market:
- 56
- Last Refresh:
- Jul 11 at 3:06 am
Property Features for 422 Crawford Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HLO
- Parking features
- Assigned, Off Street
- Standard status
- Active
- Size
- 5,326 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7783
Utilities
- Heating system
- Heat Pump (Heating), Zoned
- Cooling system
- Central Air, Zoned
Building Details
- Year built
- 1841
- Roof type
- Shingle
Listing agent Jessica Burnette (757) 216-9222
Listing office Swell Realty Co 2122 General Booth Blvd. #105, Virginia Beach, VA (757) 216-9222
Listing date May 17, 2026
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.
Investment Insights
Based on property information with market context.
Located at 422 Crawford Street in Portsmouth’s Old Towne, the grounds include a fenced garden sanctuary. The property also has 5 on-site parking spaces, with the Middle St Parking lot across the street.
The property is listed under zoning HLO.
Key Highlights
- Built in 1841 with Greek Revival architecture and historic preservation updates for modern residential or commercial use
- 24‑room property with a 1st‑floor primary retreat featuring a private entrance
- Transferable event license must transfer within 90 days
Local Financial Insights For Hotel Hospitality
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 | $95.9k | $18.00 |
| − Vacancy | −$16.9k | −$3.17 |
| EGI | $79.0k | $14.83 |
| − OpEx | −$41.5k | −$7.79 |
| NOI | $37.5k | $7.05 |
