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Property profile & analytics

1040 University Blvd Portsmouth, VA 23703

  • Office buildings
  • 63,528 SF
  • 3.45 lot acres
Value Estimation
Last Sale
Oct 18, 2022
Location Intelligence
Property ID
US87-0909454
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

  • HRC Mast One LLC / Construction Company
  • Theresa Gill Jackson, MD / Physiatrist / Doctor
  • Bon Secours Pulmonary Specialists / Pulmonologist / Medical Clinic
  • MYMIC, LLC / Establishment
  • Jason Miller / Physician Assistant

Property Details for 1040 University Blvd

Year built
2007
Lot size
3.45 lot acres
Property size
63,528 SF
Zone code
GMU
Property type
Office buildings
APN
0833-0016
APU
8330016

Description

Mast One, located at 1040 University Blvd in Portsmouth, Virginia (zip code 23703), offers premium office space in a vibrant mixed-use development. This Class A building boasts 60,000 square feet of total space, with multiple suites available ranging from a minimum of 2,465 square feet to a maximum contiguous space of 13,255 square feet. Seven individual spaces are currently available, providing flexibility for businesses of various sizes. The building features a distinctive brick exterior and high-end common area finishes. Its prime location provides direct exposure to the Western Freeway, offering excellent visibility and accessibility. Mast One is part of a larger master-planned development by Terry-Peterson Companies, which includes a significant retail component anchored by a Kroger Marketplace within a new 225,000 square foot retail center, as well as residential units. The building's location in Portsmouth City County offers a strategic advantage for businesses seeking a blend of professional environment and convenient amenities. The property is categorized as Executive Office and Creative Office space, suitable for a variety of professional uses. Inquire today to learn more about available suite sizes and lease terms.

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
-76.4161
Latitude
36.8699
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
$116,801
$859,190
$7,966,420
$8,825,610
-
$859,190
$7,966,420
$8,825,610
More about this property
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