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    1040 University Blvd Portsmouth, VA 23703

    Sponsored
    For Lease
    Contact for pricing

    Class A Office Suites, Portsmouth, VA

    Lot size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Mast One, located at 1040 University Blvd in Portsmouth, Virginia (zip code 23703), offers premium office space in a vibrant mixed-use development. This Class A building boasts 60,000 square feet of total space, with multiple suites available ranging from a minimum of 2,465 square feet to a maximum contiguous space of 13,255 square feet. Seven individual spaces are currently available, providing flexibility for businesses of various sizes. The building features a distinctive brick exterior and high-end common area finishes. Its prime location provides direct exposure to the Western Freeway, offering excellent visibility and accessibility. Mast One is part of a larger master-planned development by Terry-Peterson Companies, which includes a significant retail component anchored by a Kroger Marketplace within a new 225,000 square foot retail center, as well as residential units. The building's location in Portsmouth City County offers a strategic advantage for businesses seeking a blend of professional environment and convenient amenities. The property is categorized as Executive Office and Creative Office space, suitable for a variety of professional uses. Inquire today to learn more about available suite sizes and lease terms.

    Property Features for 1040 University Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    306+310+399
    Size
    13,255 SF
    Space
    399
    Size
    3,742 SF
    Space
    306
    Size
    3,318 SF
    Space
    310
    Size
    6,195 SF
    Space
    301
    Size
    1,033 SF
    Space
    107
    Size
    2,465 SF
    Space
    302
    Size
    2,365 SF

    HighLights

    • Excellent access to College Drive/I‑664 & the Monitor‑Merrimac Bridge Tunnel.
    • Suites from 1,500 to 3,742 contiguous square feet available.
    • Building signage visible from Western Freeway.
    • Ample parking: 232 spaces (4.0/1,000 SF ratio).
    • Located in a master‑planned office park near VMASC and Old Dominion University's Higher Education Center.
    • Rent: Negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    HRC Mast One ... Construction Company Theresa Gill Jackson, ... Physiatrist Bon Secours Pulmonary ... Pulmonologist MYMIC, LLC Establishment Jason Miller Physician Assistant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.4161396
    Latitude
    36.8697196

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    FAQs

    What type of property is this?
    Office space - Class A Office Suites, Portsmouth, VA
    Where is this office space located?
    The property is located at 1040 University Blvd Portsmouth, VA.
    What are key features of this property?
    This property features: Excellent access to College Drive/I-664 & the Monitor-Merrimac Bridge Tunnel.; Suites from 1,500 to 3,742 contiguous square feet available.; Building signage visible from Western Freeway.
    Request Owner's contact information
    1040 University Blvd Portsmouth, VA 23703
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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
    1040 University Blvd Portsmouth, VA 23703
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