Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1823 County St Portsmouth, VA 23704

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1823 County St Portsmouth, VA 23704

    View on Map
    • Retail space
    • 8,436 SF
    • 0.48 lot acres
    For Lease
    View Listing →
    Flex Space with Yard ForRent For Lease
    Contact for pricing
    2,019 SF

    Flex Space with Yard ForRent

    Flex space with yard near Norfolk Naval Shipyard.

    1823 County St, Portsmouth, VA 23704
    View Listing
    Property ID
    US87-0483171
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1823 County St

    Year built
    1948
    Lot size
    0.48 lot acres
    Property size
    8,436 SF
    Zone code
    IL
    Property type
    Retail space
    APN
    0113-0390
    APU
    1130390

    Description

    This Portsmouth, Virginia industrial property at 1823 County Street offers 17,676 square feet of flexible space, perfect for a variety of light industrial uses. Built in 1948 and renovated in 1952, the building is zoned I-L and sits on a 1.94-acre lot, providing ample space for outdoor operations. The property is currently multi-tenant, with 8,706 square feet of vacant space immediately available. Divisible units start at 893 square feet, with a maximum contiguous space of 7,813 square feet. The property includes roll-up doors, and approximately 0.65 acres of yard space is available. Its strategic location offers easy access to key transportation arteries, including proximity to the Norfolk Naval Shipyard, Portsmouth Marine Terminal, the Churchland and West Norfolk Bridges, and the Midtown Tunnel. This makes it an excellent choice for businesses needing convenient access to major transportation routes and infrastructure. The property's size and flexibility make it suitable for towing, heavy equipment, general contracting, and other similar light industrial operations. This is a rare opportunity to secure a well-located and versatile industrial property in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3221
    Latitude
    36.8331
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,068
    $67,430
    $151,280
    $218,710
    -
    $67,430
    $151,280
    $218,710

    Comparable in this City

    • Value Estimation by Request
      2,249 SF

      459 Effingham St

      RETAIL STORES (PERSONAL SERVICES) • 2,249 SF
      459 Effingham St, Portsmouth, VA 23704-3414
      View Details
    • Value Estimation by Request
      3,129 SF

      1905 Columbus Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,129 SF
      1905 Columbus Ave, Portsmouth, VA 23704-5301
      View Details
    • Value Estimation by Request
      1,680 SF

      2101 Piedmont Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      2101 Piedmont Ave, Portsmouth, VA 23704-5405
      View Details
    • Value Estimation by Request
      2,016 SF

      638 High St

      RETAIL STORES (PERSONAL SERVICES) • 2,016 SF
      638 High St, Portsmouth, VA 23704-3424
      View Details
    • Value Estimation by Request
      1,577 SF

      610 High St

      RETAIL STORES (PERSONAL SERVICES) • 1,577 SF
      610 High St, Portsmouth, VA 23704-3424
      View Details
    • Value Estimation
      $650,000
      5,560 SF

      2215 High St

      RETAIL STORES (PERSONAL SERVICES) • 5,560 SF
      2215 High St, Portsmouth, VA 23704-2917
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,886 SF

      Retail Space For Sale

      Retail space available for purchase.
      1220 High St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space For Sale

      Retail space available for purchase in Portsmouth, Virginia.
      1124 London Blvd, Portsmouth, VA 23704
      View Details
    • $879,000
      10,654 SF

      Downtown Portsmouth Commercial Opportunity

      Centrally located corner property with renovation potential in Portsmouth, VA.
      701 Court St, Portsmouth, VA 23704
      View Details
    • Contact for pricing

      Commercial Land Zoned NMU

      Land ideal for retail, office, or mixed commercial use.
      1609 High St, Portsmouth, VA 23704
      View Details
    • Contact for pricing

      High-Traffic Car Wash Opportunity

      Car, truck, and dog wash on high-traffic corner lot.
      3600 George Washington Hwy, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      7,323 SF

      Auto Service Facility For Sale

      7,323 SF auto service facility with 6 bays.
      2012 High St, Portsmouth, VA 23704
      View Details

    Similar Nearby for Lease

    • $2,958 /Mo

      Historic Olde Towne Office/Retail

      Office or retail space in Historic Olde Towne Portsmouth.
      313 High St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      10,922 SF

      Retail Space in Downtown Portsmouth

      Retail space with high traffic and customer potential.
      714 King St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      3,645 SF

      Retail Space Near Downtown Tunnel

      Retail space with centralized location and easy highway access.
      670 Lincoln St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      600 SF

      Retail and Apartment Redevelopment

      Retail space and apartments available in November 2025.
      309 High St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Apartments

      Retail space for rent near apartment complexes.
      519 Washington St, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      856 SF

      Retail Space in Renovated Building

      Retail spaces available in a historically renovated building.
      505-509 High St, Portsmouth, VA 23704
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1823 County St
    Portsmouth, VA 23704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!