Automotive Sales
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For Sale
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4301 Portsmouth Blvd, Portsmouth, VA 23701
The property includes a 1,637-square-foot improvement and carries GMU zoning.
Property Size1,637 SF
Price / SF$1.95
Days on Market4
Property Features for 4301 Portsmouth Blvd
General Information
Standard status
Active
Size
1,637 SF
Property subtype
Commercial/Industrial
Zoning
GMU
Additional Details
Road Access
Yes
Land Use
automobile sales
Automotive Uses
dealership/vehicle sales
Building Details
Building Size
1,637 SF
Year Built
1950
Listing Agency:
EXIT Realty Central
(757) 466-1009
Listed By:
Timothy Churchwell
(757) 371-9145
Source:
Hoggerealestate
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:02AM
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 EXIT Realty Central
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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.
This automotive property at 4301 Portsmouth Blvd includes a 1,637-square-foot improvement built in 1950. Its GMU zoning is part of the property's recorded land-use designation.
The site is at a signalized intersection in Portsmouth, Virginia. The property information identifies automobile sales as a suitable use.
The site is at a signalized intersection in Portsmouth, Virginia. The property information identifies automobile sales as a suitable use.
Key Highlights
- 1,637‑square‑foot improvement
- Built in 1950
- GMU zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,945
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,900
$198.9K
Cap Rate 7%
$142,071
$142.1K
Cap Rate 9%
$110,500
$110.5K
Market Conditions
NOI Build-Up for 1,637 SF
Gross rent
$14.6K $8.91/SF
− Vacancy
−$379 −$0.23/SF
EGI
$14.2K $8.68/SF
− OpEx
−$4.3K −$2.60/SF
NOI
$9.9K $6.07/SF
Area
Portsmouth County, VA
Vacancy
2.60%
Lease Rate
$8.91 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,900
Cap Rate 7%
$142,071
Cap Rate 9%
$110,500
Alternative Uses
Best Use
Retail
$308.6K
$270.0K – $360.0K
NOI $21,600 @ 7.0% cap · market cap 675.00%
Second Best
Industrial
$142.1K
$124.3K – $165.8K
NOI $9,945 @ 7.0% cap · market cap 310.78%
Theoretical Best
Office A
$521.2K
$456.0K – $608.0K
NOI $36,481 @ 7.0% cap · market cap 1,140.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Well-served
Demand for This Use
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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
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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
- U-Haul Moving & Storage at Airline Blvd — 2855 Airline Blvd, Portsmouth, VA 23701
- U-Haul Portable Storage at Airline Blvd — 2845 airline blvd, portsmouth, va 23701
- U-Box at U-Haul — 2855 Airline Blvd, Portsmouth, VA 23701
- Truck Rental at U-Haul — 2855 Airline Blvd, Portsmouth, VA 23701
- Propane Refill at U-Haul — 2855 Airline Blvd, Portsmouth, VA 23701
Frequently Asked Questions
What type of property is this?
Automotive property - The property includes a 1,637-square-foot improvement and carries GMU zoning.
Where is this automotive property located?
The property is located at 4301 Portsmouth Blvd Portsmouth, VA.
What are key features of this property?
This property features: 1,637‑square‑foot improvement; Built in 1950; GMU zoning
