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Property profile & analytics

5917 High W St Portsmouth, VA 23703-4505

  • Drug stores
  • 14,392 SF
  • 1.76 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-0704982
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Walgreens Photo / Passport Photo Processor / Photo Lab
  • Walgreens Pharmacy / Pharmacy
  • Western Union / Money Transfer Service
  • LibertyX Bitcoin ATM / Atm
  • Redbox / Movie Rental Kiosk / Dvd Store

Property Details for 5917 High W St

Year built
2004
Construction
BRICK
Lot size
1.76 lot acres
Property size
14,392 SF
Zone code
GMU
Property type
Drug stores
APN
0816-0022
APU
8160022

Description

This exceptional investment opportunity presents a fee-simple, freestanding Walgreens located at 5917 High St W, Portsmouth, VA 23703. The property, built in 2004, boasts 14,490 square feet on a 1.49-acre lot and features a convenient drive-thru. This single-story building enjoys 100% occupancy with a corporate-guaranteed NNN lease, minimizing landlord responsibilities. The current lease term has 4.8 years remaining, with Walgreens demonstrating strong commitment through a recent extension. Annual sales exceed $2.9 million, reflecting the location's robust performance. The property is strategically situated at a signalized intersection of High Street W (Hwy 17) and Tyre Neck Rd, benefiting from high visibility and traffic flow. Nearby retailers include AutoZone, Starbucks, Aldi, Great Clips, and Hardee's, further enhancing the location's appeal. The asking price is $4,200,000, representing a compelling cap rate of 8.75% and a price per square foot of $289.86. This investment offers a secure, passive income stream with significant upside potential, situated just 15 miles from Norfolk International Airport. The property is offered as a fee-simple ownership with no ground lease. There are no rent bumps included in the current lease.


Value Estimations

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Portsmouth
County
Portsmouth City
State
Virginia
Longitude
-76.3969
Latitude
36.8602
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$65,375
$2,160,230
$2,692,170
$4,852,400
-
$2,160,230
$2,692,170
$4,852,400
More about this property
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