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Property profile & analytics
FOR LEASE
Retail space

1823 County St Portsmouth, VA 23704

8,436 SF 0.48 ac lot Built 1948
Individually Owned 15-yr Hold Free & Clear
Property ID
US87-0483171
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Total area 8,436 SF
Lot 0.48 ac (20,822 SF)
Zoning code IL
APN 0113-0390
UPID US87-0483171
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wayne E Smiley · 15 yrs held
Wayne E Smiley
since 2011
2 recorded transactions
2011
$75,000
2010
$339,000
Zoning & alternative use
IL · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Light Industrial IL district is established and intended to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, research and development, and other industrial uses that are small scale or otherwise have minimal exterior movement of vehicles,

Zone name Light Industrial
General category INDUSTRIAL
Zone area 738.31 ac
Source Realmo
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