You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Office buildings

1040 University Blvd Portsmouth, VA 23703

63,528 SF 3.45 ac lot Built 2007
Entity Owned 3-yr Hold Free & Clear
Property ID
US87-0909454
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 63,528 SF
Lot 3.45 ac (150,369 SF)
Zoning code GMU
APN 0833-0016
UPID US87-0909454
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
  • HRC Mast One LLC Construction Company
  • Theresa Gill Jackson, MD Physician Medical Clinic
  • Bon Secours Pulmonary Specialists Physician
  • MYMIC, LLC Corporate Office Business Park
  • Jason Miller Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.06M
Blend (final) Blend
$11.42M
Owner & transaction history
Hrc Mast One LLC · 3 yrs held
Hrc Mast One LLC
since 2022
3 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message