Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3080-3108 Airline Blvd Portsmouth, VA 23701

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Portsmouth, VA warehouse space for lease. Multiple units available.

    Lot size:
    23,118 SF

    Property Features for 3080-3108 Airline Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,118 SF

    Spaces For Lease

    at 3080-3108 Airline Blvd, Portsmouth, VA 23701 Contact us
    Unit 3102

    $10 /Mo

    Size
    7,117 SF
    Contact us
    Unit 3082

    $12 /Mo

    Size
    3,744 SF
    Contact us

    We can help!

    Listing Contact
    Larry Hecht
    Larry Hecht

    Listing Agency: Harvey Lindsay Commercial Real Estate Listing Agent: Larry Hecht

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Airline Plaza, located at 3080-3108 Airline Blvd in Portsmouth, Virginia (zip code 23701), offers exceptional warehouse space for lease. This multi-tenant property features a variety of units, with a minimum divisible space of 3,744 square feet and a maximum contiguous space of 16,000 square feet. The property is classified as both retail and industrial, offering flexibility for a range of businesses. The building is situated in a thriving neighborhood center, anchored by established retailers such as Roses, Family Dollar, and CitiTrends, ensuring high visibility and convenient access for customers and employees. The exact total square footage of the building is not currently available. A total of 23,118 suites are available within the complex. This prime location in Portsmouth, VA provides easy access to major transportation routes, making it an ideal choice for businesses needing efficient logistics and distribution capabilities. Interested parties are encouraged to inquire about available unit sizes and lease terms. The property is perfect for businesses seeking flexible and strategically located warehouse space in a vibrant commercial area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3717776
    Latitude
    36.8096387

    Nearby Similar for Lease

    • $2,958 /Mo
      9,678 SF

      Historic Olde Towne Office/Retail

      Office or retail space in Historic Olde Towne Portsmouth.
      313 High St, Portsmouth, VA 23704
      View Details
    • $12 SF/Yr
      58,800 SF

      Versatile Industrial/Office Flex Space

      58,800 SF industrial/office flex space with cranes and easy access.
      4025 Seaboard Ct, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Rivers Casino

      Retail property near new casino and entertainment district for rent.
      2830 Airline Blvd, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      600 SF

      Retail Space in Elmhurst Square

      Newly renovated retail space in a bustling Portsmouth shopping center.
      5630 Portsmouth Blvd, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      3,611 SF

      Modern Office Space in Portsmouth

      Contemporary office space with modern amenities and convenient location.
      2301 Deep Creek Blvd, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      4,095 SF

      Retail Space with High Visibility

      Retail space with excellent visibility in Portsmouth, Virginia.
      706 Airline Blvd, Portsmouth, VA 23707
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Apartments

      Retail space for rent near apartment complexes.
      519 Washington St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      11,600 SF

      Retail Space in Portsmouth Corridor

      Retail space in Portsmouth's dominant retail corridor, easy access.
      2570 Airline Blvd, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      3,441 SF

      Downtown Portsmouth Commercial Space Available

      First floor commercial space in Downtown/Olde Towne Portsmouth.
      500 Crawford St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Airline Boulevard

      4,000 SF retail end cap available on busy corridor.
      3300-3308 Airline Blvd, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      10,922 SF

      Retail Space in Downtown Portsmouth

      Retail space with high traffic and customer potential.
      714 King St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      856 SF

      Retail Space in Renovated Building

      Retail spaces available in a historically renovated building.
      505-509 High St, Portsmouth, VA 23704
      View Details

    FAQs

    What type of property is this?
    Distribution property - Portsmouth, VA warehouse space for lease. Multiple units available.
    Where is this distribution property located?
    The property is located at 3080-3108 Airline Blvd Portsmouth, VA.
    What is the lease rate?
    The lease rate is $0.00-$12 SF/Yr.
    What are key features of this property?
    This property features: Exceptional warehouse space for lease in Portsmouth, VA, at 3080-3108 Airline Blvd (zip code 23701).; Multi-tenant property with units ranging from 3,744 to 16,000 square feet.; Retail and industrial zoning allows for flexible business uses.
    (757) 640-8700 Call to check price and availability
    Request Owner's contact information
    3080-3108 Airline Blvd Portsmouth, VA 23701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3080-3108 Airline Blvd
    Portsmouth, VA 23701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3080-3108 Airline Blvd Portsmouth, VA 23701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Larry Hecht
    Larry Hecht
    (757) 640-8700 (757) 640-8230
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!