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Property profile & analytics
OFF-MARKET
Estimated value
$41,120,000
Industrial properties
1000 Apm Terminals Blvd Portsmouth, VA 23703-2361
Entity Owned
15-yr Hold
Free & Clear
Property ID
US87-1006090
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
428,442 SF
Lot
579.33 ac (25,235,658 SF)
Zoning code
IN
APN
0719-0010
UPID
US87-1006090
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$40.04M
Comparable Approach
Comparable
$42.20M
Blend (final)
Blend
$41.12M
Owner & transaction history
Virginia Port Authority · 15 yrs held
Virginia Port Authority
since 2011
5 recorded transactions
Zoning & alternative use
IN · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$59.7M
+150.9%
Medical building
$51.2M
+115.5%
Office building
$50.4M
+111.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Portsmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portsmouth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$43,380,000
6.5%
$40,040,000
7%
$37,180,000
Alternative Use
Use
Estimation
RESTAURANT
$59,655,000
Change: +151% · Conversion: Difficult
MEDICAL BUILDING
$51,240,000
Change: +116% · Conversion: Difficult
OFFICE BUILDING
$50,375,000
Change: +112% · Conversion: Difficult
RETAIL STORES
$47,275,000
Change: +99% · Conversion: Moderate
AUTO REPAIR, GARAGE
$43,980,000
Change: +85% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$30,620,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$29,540,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$41.12M
Range $37.01M – $45.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,255,355
Tax year 2023
Assessed value
$178,230,000
Assessed 2023
Previous assessed
$178,230,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$178,230,000
Land market value
$178,230,000
Total market value
$178,230,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
428,442 SF
Lot
579.33 ac (25,235,658 SF)
Zoning code
IN
APN
0719-0010
UPID
US87-1006090
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
IN · Portsmouth, VA
Zoning IN · permitted uses
IN · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portsmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$59.7M
MEDICAL BUILDING
Est. value
$51.2M
OFFICE BUILDING
Est. value
$50.4M
RETAIL STORES
Est. value
$47.3M
AUTO REPAIR, GARAGE
Est. value
$44.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.6M
COMMERCIAL (GENERAL)
Est. value
$29.5M
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
579.33 ac
Current owner
From public records · entity-resolved
Virginia Port Authority
Entity
Free & Clear · 15 yrs held
Mailing address
100 W PUTNAM AVE, GREENWICH, CT 06830-5361
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2016
—
Virginia International Gateway
—
Deed
related
$1,250,000 · Mufg Union Bk NA
Mar 18, 2011
—
Virginia Port Authority
City Of Portsmouth Virginia
Quit Claim Deed
related
—
Jul 19, 2010
—
Commonwealth Of Virginia Virginia
Apm Terminals Virginia INC
Grant Deed
related
—
—
—
Apm Terminals Va INC
—
Deed Of Trust
related
$470,000,000 · Mufg Union Bk NA
—
—
Virginia International Gateway
—
Loan Modification
related
$1,250,000 · Mufg Union Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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