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    1020 High St Portsmouth, VA 23704

    • Commercial real estate
    • 0.09 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US87-0174680
    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

    • Commercial real estate

    Property Details for 1020 High St

    Lot size
    0.09 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional redevelopment opportunity encompasses approximately 1.08 acres of land strategically located in Portsmouth, Virginia, zip code 23704. The property, encompassing multiple parcels at 1020 High St, 1028 High St, 1015 Queen St, 1013 Queen St, and 400 Hatton St, is zoned NMU (Neighborhood Mixed Use), presenting significant potential for a variety of development projects. Its prime location within the Portsmouth Innovation District HUB & Enterprise Zone offers access to numerous incentives and benefits. The site is particularly attractive due to its adjacency to a newly constructed 50-unit apartment development, suggesting strong market demand and potential for synergistic development. The combined lot size provides ample space for a substantial project, allowing for creative and expansive design possibilities. This is a rare chance to acquire a sizable parcel in a thriving urban area with a proven track record of successful development. The property's versatility and strategic location make it an ideal investment for developers seeking a high-impact project in a rapidly growing market. Detailed site plans and zoning information are available upon request. This is a truly unique opportunity to shape the future of this vibrant neighborhood.

    Value Estimation

    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
    State
    Virginia
    Longitude
    -76.3104772
    Latitude
    36.8353782

    Comparable in this City

    • $799,900
      5,324 SF

      Portsmouth Quadplex Investment Opportunity

      Four units, twelve bedrooms, convenient location, Section 8 approved.
      1520 Prentis Ave, Portsmouth, VA 23704
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    • $1,195,000
      1.06 Acres

      High Street Redevelopment Opportunity

      Prime 1.06-acre commercial lot in Portsmouth, VA.
      817 High St, Portsmouth, VA 23704
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    • $950,000
      21,000 SF

      Redevelopment Opportunity on High Street

      Corner lot suitable for redevelopment with multiple potential uses.
      823 High St, Portsmouth, VA 23704
      View Details
    • $139,000

      Cleared Site Ready for Development

      0.45 acre cleared site zoned for mixed use development.
      3622 George Washington Hwy, Portsmouth, VA 23704
      View Details
    • $199,500

      Waterfront Lot in Downtown Portsmouth

      Buildable waterfront lot with views of Norfolk skyline and harbor.
      1513 Bradford Ter, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      1.20 Acres

      Portsmouth, VA Commercial Land

      1.2-Acre Mixed-Use Development Site
      1609 High St, Portsmouth, VA 23704
      View Details

    Similar Nearby for Sale

    • $799,900
      5,324 SF

      Portsmouth Quadplex Investment Opportunity

      Four units, twelve bedrooms, convenient location, Section 8 approved.
      1520 Prentis Ave, Portsmouth, VA 23704
      View Details
    • $1,195,000
      1.06 Acres

      High Street Redevelopment Opportunity

      Prime 1.06-acre commercial lot in Portsmouth, VA.
      817 High St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      1.20 Acres

      Portsmouth, VA Commercial Land

      1.2-Acre Mixed-Use Development Site
      1609 High St, Portsmouth, VA 23704
      View Details
    • Contact for pricing

      Elm Avenue Land Opportunity

      Land available on Elm Avenue in Portsmouth, Virginia.
      3971-3975 Elm Ave, Portsmouth, VA 23704
      View Details
    • $950,000
      21,000 SF

      Redevelopment Opportunity on High Street

      Corner lot suitable for redevelopment with multiple potential uses.
      823 High St, Portsmouth, VA 23704
      View Details
    • $139,000

      Cleared Site Ready for Development

      0.45 acre cleared site zoned for mixed use development.
      3622 George Washington Hwy, Portsmouth, VA 23704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      600 SF

      Retail and Apartment Redevelopment

      Retail space and apartments available in November 2025.
      309 High St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      6,350 SF

      Mid-City Industrial Space For Lease

      ±6,350 SF Industrial Building & Yard
      2100 Portsmouth Blvd, 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
    • $14 SF/Yr
      3,611 SF

      Modern Office Space in Portsmouth

      Contemporary office space with modern amenities and convenient location.
      2301 Deep Creek Blvd, Portsmouth, VA 23704
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    • $3,060,000
      69,000 SF

      Portsmouth Industrial Facility For Lease

      69,000 RSF industrial facility near Port of Virginia.
      500 Confederate Ave, Portsmouth, VA 23704
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    • $17 SF/Yr
      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
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    1020 High St
    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
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