Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2406 Rodman Ave Portsmouth, VA 23707

    • Warehouses
    • 5,400 SF
    • 0.41 lot acres
    For Sale
    View listing
    $325,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-0705041
    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

    • Ron's Marine & Equipment Inc / Marine Supply Store / Boat Repair Shop

    Property Details for 2406 Rodman Ave

    Year built
    1967
    Lot size
    0.41 lot acres
    Property size
    5,400 SF
    Zone code
    GMU
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0339-0113
    APU
    3390113

    Description

    This exceptional investment opportunity encompasses three contiguous parcels totaling 1.12 acres of commercial land in Portsmouth, Virginia. Strategically located with frontage on both Rodman Avenue and Turnpike Road, this property offers unparalleled visibility and accessibility. Currently utilized as a marine outboard motor repair facility, the site includes two bathrooms and presents a multitude of redevelopment possibilities. The combined area provides ample space for a variety of commercial ventures, benefiting from its high-traffic location. The three parcels, identified as 24045 Rodman Avenue, 2406 Rodman Avenue, and 3709 Turnpike Road, are being offered as a single package. This presents a unique chance to acquire a substantial land holding in a desirable commercial area. The property's size and location make it ideal for expansion or the development of new commercial buildings. Given its current use, the property is well-suited for businesses in the marine or automotive repair sectors, but its versatility allows for a wide range of potential uses. The asking price for all three parcels is $425,000, representing a significant opportunity for investors seeking a substantial land acquisition in a thriving commercial zone. The 0.41-acre parcel at 2406 Rodman Avenue is included in this offering. Serious inquiries are encouraged to explore the potential of this prime commercial real estate.

    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 City
    State
    Virginia
    Longitude
    -76.3455
    Latitude
    36.8197
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,390
    $106,180
    $157,500
    $263,680
    -
    $106,180
    $157,500
    $263,680

    Comparable in this City

    • Value Estimation
      $350,000
      3,000 SF

      3601 Dartmouth St

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      3601 Dartmouth St, Portsmouth, VA 23707-4313
      View Details
    • Value Estimation
      $215,000
      3,038 SF

      3564 Western Br Blvd

      MINI-WAREHOUSE, STORAGE • 3,038 SF
      3564 Western Br Blvd, Portsmouth, VA 23707-3134
      View Details
    • Value Estimation by Request
      2,356 SF

      3594 Griffin St

      MINI-WAREHOUSE, STORAGE • 2,356 SF
      3594 Griffin St, Portsmouth, VA 23707-4023
      View Details
    • Value Estimation
      $345,000
      2,747 SF

      3425 High St

      MINI-WAREHOUSE, STORAGE • 2,747 SF
      3425 High St, Portsmouth, VA 23707-3227
      View Details
    • Value Estimation
      $275,000
      4,192 SF

      3558 Western Br Blvd

      MINI-WAREHOUSE, STORAGE • 4,192 SF
      3558 Western Br Blvd, Portsmouth, VA 23707-3134
      View Details
    • Value Estimation by Request
      320 SF

      706 Virginia Ave

      MINI-WAREHOUSE, STORAGE • 320 SF
      706 Virginia Ave, Portsmouth, VA 23707
      View Details

    Similar Nearby for Sale

    • $1,085,000
      5,043 SF

      Portsmouth Retail Investment

      High-street retail center, 100% leased.
      3601 High St, Portsmouth, VA 23707
      View Details
    • $385,000
      2,450 SF

      Historic Duplex in Port Norfolk

      Charming duplex in historic Port Norfolk, ideal for rental income.
      416 Maryland Ave, Portsmouth, VA 23707
      View Details
    • $349,900
      2,200 SF

      Portsmouth Quadplex: Income Opportunity

      Quadplex in Portsmouth, VA, generating $3,000 monthly income.
      143 Maryland Ave, Portsmouth, VA 23707
      View Details
    • $125,000

      Land Available in Portsmouth, VA

      Land for sale in Portsmouth, Virginia.
      2527 Moton St, Portsmouth, VA 23707
      View Details
    • $300,000

      3.49 Acres Vacant Land

      Vacant land suitable for development with easy access to amenities.
      3101 Detroit St, Portsmouth, VA 23707
      View Details
    • $195,000
      2,352 SF

      Historic Office Building For Sale

      2,352 SF office building with flexible zoning.
      757 Broad St, Portsmouth, VA 23707
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      4,443 SF

      Portsmouth Warehouse with Loading Dock

      4,443 sq ft warehouse with loading dock for lease.
      3800 King St N, Portsmouth, VA 23707
      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

      Commercial Land Ready to Build

      Land with easy access, ready for street retail development.
      3535 Airline Blvd, Portsmouth, VA 23707
      View Details
    Request Owner's contact information
    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.
    2406 Rodman Ave
    Portsmouth, VA 23707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.