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    802 Fifth St Portsmouth, VA 23704

    Sponsored
    For Lease
    $14 SF/Yr

    1,575 SF Office Suite Available

    Lot size:
    19,930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial office space, located at 802 5th Street in Portsmouth, Virginia, offers a single, immediately available suite totaling 1,575 square feet. Situated on a generous 2.26-acre lot, the property boasts a total building size of 19,930 square feet, although only this one suite is currently available for lease. The minimum leasable space is 1,575 square feet, with a potential for expansion up to 1,600 square feet. The building is classified as multi-tenant, although only one suite is currently vacant. This presents a unique opportunity for a business seeking a well-located, adaptable space in a thriving industrial area. The property's address is 802 5th Street, Portsmouth, VA 23704. The convenient location offers easy access to major transportation routes, making it an ideal location for businesses needing efficient logistics. The suite's size is perfectly suited for a variety of small to medium-sized businesses. With the potential for a small expansion, this space offers flexibility to accommodate growing needs. This is a rare opportunity to secure a well-maintained industrial office space in a prime Portsmouth location. Don't miss out on this chance to establish your business in a strategic and convenient setting. Contact us today to schedule a viewing.

    Property Features for 802 Fifth St

    General Information

    Property type
    Industrial properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,930 SF
    Total Rate
    23251.67

    Unit(s) available at that property

    Space
    A
    Size
    1,760 SF
    Rate per SF
    $14

    HighLights

    • 0.83‑acre paved storage yard and parking area available.
    Property Profile Location Intelligence

    Current Use by Public Records

    US Flag & Signal Flag Store US Flag & Signal ... Flag Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3004452
    Latitude
    36.8236532

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    FAQs

    What type of property is this?
    Industrial property - 1,575 SF Office Suite Available
    Where is this industrial property located?
    The property is located at 802 Fifth St Portsmouth, VA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 0.83-acre paved storage yard and parking area available.; ;
    Request Owner's contact information
    802 Fifth St Portsmouth, VA 23704
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    Portsmouth, VA 23704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    802 Fifth St Portsmouth, VA 23704
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