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    4020 Victory Blvd Portsmouth, VA 23701

    • Shopping centers
    • 73,004 SF
    • 7.43 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US87-0306927
    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

    • AMERICA’S BEST WINGS / Chicken Wings Restaurant
    • H&R Block / Tax Preparation Service / Accountant
    • Nail Affair 2 / Nail Salon
    • Beauty Xpress / Beauty Salon
    • Victory African Hair Braid / Hairdresser / Hair Salon

    Property Details for 4020 Victory Blvd

    Year built
    2002
    Lot size
    7.43 lot acres
    Property size
    73,004 SF
    Zone code
    GMU
    Property type
    Shopping centers
    Property subtype
    Specialty properties
    APN
    0526-0010
    APU
    5260010

    Description

    This exceptional 3,500 square foot retail space is located within the vibrant Victory Crossing shopping center in Portsmouth, Virginia. Situated at 4020 Victory Boulevard, zip code 23701, this property offers immediate occupancy in a thriving retail environment. The space is part of a larger 72,800 square foot shopping center featuring a strong tenant mix, including established national retailers Ross Dress for Less and Five Below. This prime location provides excellent visibility and accessibility, ensuring high foot traffic and exposure for your business. The space is currently vacant and ready for immediate lease, presenting a unique opportunity for a variety of retail concepts. The minimum leasable space is 3,500 square feet, and the maximum contiguous space available is also 3,500 square feet. This makes it ideal for a single tenant seeking a prominent location within a successful shopping center. Victory Crossing is situated within the Portsmouth Retail submarket cluster, benefiting from strong demographics and a robust local economy. The property's address is easily accessible and offers ample parking for customers and employees. Don't miss this chance to establish your business in a high-traffic, well-established shopping center. Contact us today to schedule a viewing and learn more about this exciting opportunity.

    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
    -76.3559
    Latitude
    36.8103
    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
    $142,921
    $2,995,470
    $6,141,375
    $9,136,845
    -
    $2,995,470
    $6,141,375
    $9,136,845

    Comparable in this City

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      $410,000
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      3245 Portsmouth Blvd

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      5606 Portsmouth Blvd

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    • Value Estimation by Request
      48,909 SF

      3539 Airline Blvd

      SHOPPING CENTER COMMON AREA • 48,909 SF
      3539 Airline Blvd, Portsmouth, VA 23701-2642
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    • Value Estimation by Request
      52,156 SF

      2550 Airline Blvd

      SHOPPING CENTER COMMON AREA • 52,156 SF
      2550 Airline Blvd, Portsmouth, VA 23701-2802
      View Details

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    Portsmouth, VA 23701
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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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