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    1 Wild Duck Ln Portsmouth, VA 23703

    Sponsored
    For Lease
    Contact for pricing

    Modern warehouse, 15.4 acres, fully vacant.

    Lot size:
    201,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 201,500-square-foot warehouse, situated on a sprawling 15.4-acre lot in Portsmouth, Virginia, presents a unique investment opportunity. Built in 2022, the property boasts a modern design and is currently entirely vacant, offering immediate occupancy for a single tenant or the potential for multiple tenants. The warehouse features a substantial 36-foot ceiling height, providing ample vertical space for storage or high-volume operations. Loading and unloading are facilitated by a single loading dock, ensuring efficient logistics. Ample parking is available with 255 spaces provided on-site. The property is zoned IN (Industrial), allowing for a wide range of industrial uses. Located at 1 Wild Duck Ln, Portsmouth, VA 23703, this property offers easy access to major transportation routes, making it an ideal location for businesses requiring efficient distribution and logistics. The property's size and modern amenities make it suitable for a variety of industrial uses, from warehousing and distribution to light manufacturing. This is a rare opportunity to acquire a large, modern warehouse in a prime industrial location. The property is ready for immediate occupancy and offers significant potential for growth and return on investment.

    Property Features for 1 Wild Duck Ln

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    201,500 SF

    Building Details

    Year Built
    2022

    Unit(s) available at that property

    Space
    Option 1
    Size
    201,500 SF
    Space
    Option 2
    Size
    0 SF

    HighLights

    • 201,500 SF warehouse on a 15.4‑acre lot in Portsmouth, VA.
    • 2022 construction; 36' clear height; one loading dock; 255 parking spaces.
    • Substantial reduction in first‑leg transportation costs due to prime location.
    • Adjacent to VIG and minutes from major marine terminals (Norfolk International Terminals, Norfolk Southern Lambert's Point Dock, Portsmouth Marine Terminal, Newport News Marine Terminal).
    • Foreign Trade Zone and ICE Coffee Futures Certified Warehouse eligible.
    • IN (Industrial) zoning; utilities on‑site; fenced and stabilized; existing 7,240 SF office/warehouse/shop.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cogentrix Virginia Leasing Electric Utility Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3531463
    Latitude
    36.8703639

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    FAQs

    What type of property is this?
    Distribution property - Modern warehouse, 15.4 acres, fully vacant.
    Where is this distribution property located?
    The property is located at 1 Wild Duck Ln Portsmouth, VA.
    What are key features of this property?
    This property features: 201,500 SF warehouse on a 15.4-acre lot in Portsmouth, VA.; 2022 construction; 36' clear height; one loading dock; 255 parking spaces.; Substantial reduction in first-leg transportation costs due to prime location.
    Request Owner's contact information
    1 Wild Duck Ln 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
    1 Wild Duck Ln Portsmouth, VA 23703
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