Financial
Distress signals
Property profile

326 High St Portsmouth, VA 23704

FOR SALE
Retail space
Property ID
US87-0304002
10,177 SF 0.37 ac lot Built 1950
Last sale Feb 2026 · $814,500
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 10,040 square foot retail storefront is ideally situated at 326 High Street in Portsmouth, Virginia, zip code 23704. Boasting 82 feet of prominent frontage along historic High Street, this single-tenant space offers unparalleled visibility and accessibility. The property benefits from its location within an Enterprise Zone, providing potential economic advantages. Ample parking is available, with 10-15 surface spaces located at the rear of the building, supplemented by the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$803k
Assessed land$366k
Assessed improvement$437k
Effective rate1.69%

Value estimate

· Sep 2026
$1.81M
$1.63M – $1.99M
Submarket $/SF estimate$1.61M
NOI build-up
Gross scheduled income$199k
Vacancy & credit loss−$10k
Operating expenses−$57k
NOI · 15.59% cap applied$132k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$120/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$49 – $158
Qualifying comparables4

Cap rate analysis

How does the asset earn?
15.59%
$132k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
T5
The T5 sub-district contains a higher density mix of uses with primarily retail space permitted on the ground floor.
General categoryCOMMERCIAL
JurisdictionPORTSMOUTH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center9.0
Electrical Service8.9
Plumbing Service8.3

Location

326 High St Portsmouth, VA 23704
County assessor Recorded deeds · 1 transfer 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
309 Columbia, Portsmouth, VA 23704-3714 $600,000 Apr 2024 12,704 SF
305 Columbia, Portsmouth, VA 23704-3714 $400,000 Feb 2024 6,900 SF
323 High, Portsmouth, VA 23704-3706 $285,000 Dec 2022 7,910 SF
1141 London, Portsmouth, VA 23704-2239 $1,300,000 Jun 2022 11,100 SF
1711 Effingham, Portsmouth, VA 23704-4723 $2,000,000 Apr 2022 9,100 SF
1820 Elm, Portsmouth, VA 23704-4512 $346,500 Jun 2021 12,268 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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