Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,550,000
Industrial properties
2000 Seaboard Ave Portsmouth, VA 23707-1812
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-0931103
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
130,750 SF
Lot
68.79 ac (2,996,449 SF)
Zoning code
IN
APN
0108-0020
UPID
US87-0931103
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
-
Portsmouth Marine Terminal Military Base
-
Virginia Port Authority Port Authority
-
OOCL USA Inc Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.22M
Comparable Approach
Comparable
$12.88M
Blend (final)
Blend
$12.55M
Owner & transaction history
VIRGINIA PORT AUTHORITY
VIRGINIA PORT AUTHORITY
Zoning & alternative use
IN · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.2M
+150.9%
Medical building
$16.8M
+131.1%
Office building
$14.2M
+95.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,240,000
6.5%
$12,220,000
7%
$11,345,000
Alternative Use
Use
Estimation
RESTAURANT
$18,205,000
Change: +151% · Conversion: Difficult
MEDICAL BUILDING
$16,770,000
Change: +131% · Conversion: Difficult
OFFICE BUILDING
$14,180,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,420,000
Change: +85% · Conversion: Easy
RETAIL STORES
$10,845,000
Change: +49% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,300,000
Change: +28% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,910,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$12.55M
Range $11.30M – $13.81M · ±10%
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
$96 / 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
Assessed value
$48,715,180
Assessed 2023
Previous assessed
$48,715,180
+0.0% YoY
Assessed land
$34,380,530
Assessed improvement
$14,334,650
Land market value
$34,380,530
Improvement market value
$14,334,650
Total market value
$48,715,180
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
NONE
Stories
1
Total area
130,750 SF
Lot
68.79 ac (2,996,449 SF)
Zoning code
IN
APN
0108-0020
UPID
US87-0931103
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
IN · Portsmouth, VA
Zoning IN · permitted uses
IN · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$18.2M
MEDICAL BUILDING
Est. value
$16.8M
OFFICE BUILDING
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$13.4M
RETAIL STORES
Est. value
$10.8M
WAREHOUSE, STORAGE
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$8.9M
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1979
Heating
NONE
Cooling
Yes
Stories
1
Lot
68.79 ac
Current owner
From public records · entity-resolved
VIRGINIA PORT AUTHORITY
Individual
Free & Clear · 0 yrs held
Mailing address
600 WORLD TRADE CTR, NORFOLK, VA 23510-1781
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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?”
You own 2000 Seaboard Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
