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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Residential income homes
101 Beacon Rd Portsmouth, VA 23702-1211
Entity Owned
2-yr Hold
Property ID
US87-0656558
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1969
Construction
BRICK
Total area
4,050 SF
Lot
0.42 ac (18,295 SF)
Zoning code
UR
APN
0475-0340
UPID
US87-0656558
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
$530k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
101 Beacon Road LLC · 2 yrs held
101 Beacon Road LLC
since 2024
Last sale
$530,000
4 recorded transactions
Zoning & alternative use
UR · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Urban Residential UR district is established to accommodate a range of residential development as a principal use, along with mixed use, neighborhood serving commercial development, and institutional uses to encourage diverse development.
Zone name
Urban Residential
General category
MIXED_USE
Zone area
4,377.08 ac
Source
Realmo
Top alternative use upside
Office building
$560,000
+60.9%
Medical building
$495,000
+42.8%
Retail stores
$485,000
+40.0%
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
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$345,000
Current use
OFFICE BUILDING
$560,000
Change: +61% · Conversion: Moderate
MEDICAL BUILDING
$495,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$485,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$365,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $530k (Jan 3 2024)
Last sale anchor
$530k
Jan 3 2024
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
$131 / 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
$2,048
Tax year 2023
Assessed value
$163,860
Assessed 2023
Previous assessed
$163,860
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$80,040
Assessed improvement
$83,820
Land market value
$80,040
Improvement market value
$83,820
Total market value
$163,860
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1969
Construction
BRICK
Heating
ELECTRIC
Cooling
NONE
Stories
2
Units
4
Bathrooms
4
Total area
4,050 SF
Lot
0.42 ac (18,295 SF)
Zoning code
UR
APN
0475-0340
UPID
US87-0656558
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
UR · Portsmouth, VAZoning UR · permitted uses
UR · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Urban Residential UR district is established to accommodate a range of residential development as a principal use, along with mixed use, neighborhood serving commercial development, and institutional uses to encourage diverse development.
Zone name
Urban Residential
General category
MIXED_USE
Zone area
4,377.08 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$345,000
OFFICE BUILDING
Est. value
$560,000
MEDICAL BUILDING
Est. value
$495,000
RETAIL STORES
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$365,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
Year built
1969
Construction
BRICK
Heating
ELECTRIC
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.42 ac
Current owner
From public records · entity-resolved
101 Beacon Road LLC
Entity
Mailing address
200 N MAIN ST, SUFFOLK, VA 23434-4421
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$530,000
101 Beacon Road LLC
W I N Property Management And Reale
Warranty Deed
$424,000 · Abnb Federal Credit Union
Jun 27, 2019
$62,000
Win Prop Mgmt & Realestate Dev
Holloway,stephen W & Gayle L
Grant Deed
$80,000 · Private Individual
Mar 14, 2016
—
Stephen W Holloway
Holloway,stephen W
Quit Claim Deed
related
—
Aug 4, 2011
—
Stephen W Holloway
Harris,richard E
Grant Deed
related
—
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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