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Property profile

4301 Portsmouth Blvd Portsmouth, VA 23701

FOR LEASE
Office buildings
Property ID
US87-0720508
1,637 SF 0.4 ac lot Built 1950
Last sale Jul 2026 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
4301 Portsmouth Blvd, Portsmouth, VA 23701 For Lease
$3,200/Mo 1,637 SF available
4301 Portsmouth Blvd, Portsmouth, VA 23701
View Listing

Property summary

AI-generated overview

The property is a retail building that has been operated as a used car sales lot. It is situated at a signalized intersection with access and egress from both Portsmouth Boulevard and Victory Boulevard. The site includes parking for more than 40 vehicles. The property is zoned GMU, which allows a range of office, retail, and service-oriented uses in Portsmouth, and car sales are permitted by right, supporting continued use as a car sales lot or compatible alternative retail/service uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$234k
Assessed land$182k
Assessed improvement$52k
Effective rate1.63%

Value estimate

· Nov 2026
$180k
$162k – $198k
AI approach$235k
NOI build-up
Gross scheduled income$15k
Vacancy & credit loss−$379
Operating expenses−$4k
NOI · 310.78% cap applied$10k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$138/SF
Submarket average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$75 – $206
Qualifying comparables7

Cap rate analysis

How does the asset earn?
310.78%
$10k 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?
GMU
Window signs located in the NMU, GMU, IN, and WF districts; and if consistent with applicable adopted design standards, window signs loca...
General categoryMIXED_USE
JurisdictionPORTSMOUTH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency41.5
Law Firm29.2
Dental Office25.1

Location

4301 Portsmouth Blvd Portsmouth, VA 23701
County assessor Recorded deeds · 2 transfers 7 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2486 Airline, Portsmouth, VA 23701-2912 $400,000 Nov 2024 1,591 SF
2498 Airline, Portsmouth, VA 23701-2912 $500,000 Oct 2024 1,827 SF
4303 Portsmouth, Portsmouth, VA 23701-2539 $199,000 Aug 2023 1,720 SF
4829 Portsmouth, Portsmouth, VA 23701-2300 $191,000 Aug 2022 1,925 SF
2601 Airline, Portsmouth, VA 23701-2706 $910,000 Apr 2021 1,381 SF
2723 Airline, Portsmouth, VA 23701-2702 $215,000 Aug 2020 1,038 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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