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Property profile & analytics
OFF-MARKET Estimated value $820,000
Automotive properties

2100 Portsmouth Blvd Portsmouth, VA 23704-6248

5,250 SF 0.34 ac lot Built 1947
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-0977846
Property summary
AI-generated overview

This ±6,350 square foot industrial property, situated on a 1.15-acre lot in Portsmouth's Mid-City submarket (Southside cluster), offers a unique opportunity for businesses needing both indoor and outdoor space. The building features approximately 1,200 square feet of office space, complemented by a substantial ±6,200 square feet of vacant industrial space. The property boasts a fenced, stabilized, and lit yard area, ideal for various uses. With four loading docks and ceiling heights ranging from 10 to 13 feet, this space is well-suited for businesses requiring efficient loading and ample storage. The zoning is IL (Light Industrial), allowing for a wide range of compatible businesses. The property's strategic location offers easy access to major transportation arteries, being approximately 1.2 miles from the Norfolk Naval Shipyard and 0.5 miles from I-264. This location is particularly advantageous for naval/defense contractors, service businesses with fleet vehicles, building materials suppliers, equipment sales/rental companies, and other businesses needing outdoor storage. The property is located within a designated Opportunity Zone and Enterprise Zone, making it eligible for potential incentives. Minimum divisible space is 1,200 square feet, with a maximum contiguous space of 5,900 square feet available. Ingress and egress are easily accessible from Deep Creek Boulevard and Chicago Avenue.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1947
Construction BRICK
Total area 5,250 SF
Lot 0.34 ac (14,810 SF)
Zoning code IL
APN 0147-0030
UPID US87-0977846
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
  • GAC Automotive Auto Repair Shop
  • d & s suppliers Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$820k
Owner & transaction history
2100 Portsmouth Blvd LLC · 2 yrs held
2100 Portsmouth Blvd LLC
since 2024
Last sale
$820,000
4 recorded transactions
2024
$820,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IL · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $730,000 +65.6%
Retail stores $630,000 +42.9%
Medical building $630,000 +42.3%
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