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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1820 Elm Ave Portsmouth, VA 23704-4512
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-3641784
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1947
Construction
BRICK
Total area
12,268 SF
Lot
0.69 ac (30,056 SF)
Zoning code
NMU
APN
0085-1190
UPID
US87-3641784
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
-
Elkhart Home Health Care Home Health Care Service
-
U-Haul Neighborhood Dealer Car Rental Facility
-
ATM Atm
-
W.I.N. Property Management Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elkhart Assisted Living LLC · 5 yrs held
Elkhart Assisted Living LLC
since 2021
Last sale
$346,500
4 recorded transactions
Zoning & alternative use
NMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,261
Tax year 2023
Assessed value
$596,550
Assessed 2023
Previous assessed
$596,550
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$111,960
Assessed improvement
$484,590
Land market value
$111,960
Improvement market value
$484,590
Total market value
$596,550
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1947
Construction
BRICK
Heating
OTHER
Cooling
YES
Stories
1
Bathrooms
2
Total area
12,268 SF
Lot
0.69 ac (30,056 SF)
Zoning code
NMU
APN
0085-1190
UPID
US87-3641784
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
NMU · Portsmouth, VA
Zoning NMU · permitted uses
NMU · 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.
Building & site characteristics
From public records
Year built
1947
Construction
BRICK
Heating
OTHER
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Elkhart Assisted Living LLC
Entity
Mailing address
2900 ELM AVE, PORTSMOUTH, VA 23704-7017
Ownership since
2021
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
Jun 28, 2021
$346,500
Elkhart Assisted Living LLC
Lewis Investors LLC
Warranty Deed
$352,000 · Select Bank & Trust Co
Jan 5, 2016
$82,500
Lewis Investors LLC
Atlas Nc I Spe LLC
Grant Deed
—
Nov 5, 2014
$340,301
Atlas Nc I Spe LLC
Samuel I White|prentis Park Market INC
Trustees Deed
—
Dec 4, 2007
$524,000
Prentis Park Market INC
Lee,si Jun & Chun Hae
Grant Deed
$524,000 · B B & T Mortgage
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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