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Property profile & analytics
FOR LEASE
Commercial real estate

1 Wild Duck Ln Portsmouth, VA 23703

325,800 SF 17.71 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US87-1312965
Property summary
AI-generated overview

This exceptional 201,500-square-foot warehouse, situated on a sprawling 15.4-acre lot in Portsmouth, Virginia, presents a unique investment opportunity. Built in 2022, the property boasts a modern design and is currently entirely vacant, offering immediate occupancy for a single tenant or the potential for multiple tenants. The warehouse features a substantial 36-foot ceiling height, providing ample vertical space for storage or high-volume operations. Loading and unloading are facilitated by a single loading dock, ensuring efficient logistics. Ample parking is available with 255 spaces provided on-site. The property is zoned IN (Industrial), allowing for a wide range of industrial uses. Located at 1 Wild Duck Ln, Portsmouth, VA 23703, this property offers easy access to major transportation routes, making it an ideal location for businesses requiring efficient distribution and logistics. The property's size and modern amenities make it suitable for a variety of industrial uses, from warehousing and distribution to light manufacturing. This is a rare opportunity to acquire a large, modern warehouse in a prime industrial location. The property is ready for immediate occupancy and offers significant potential for growth and return on investment.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 325,800 SF
Lot 17.71 ac (771,448 SF)
Zoning code IN
APN 0719-0020
UPID US87-1312965
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cogentrix Virginia Leasing Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.52M
Blend (final) Blend
$10.04M
Owner & transaction history
Portsmouth Business Park LLC · 5 yrs held
Portsmouth Business Park LLC
since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2019
$3.0M
2012
Price N/A
2009
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
IN · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Opens in a new window Search... Use up/down arrow keys to navigate suggestions, Enter to select, Esc to close. Zoning Ordinance Zoning Permits Zoning Sign Permits Zoning Verification Requests Home Government Departments and Offices Planning Department Zoning Zoning Ordinance Zoning Ordinance The Zoning Ordinance can also be accessed online. Regulations

Zone name Industrial
General category INDUSTRIAL
Zone area 1,909.07 ac
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