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Property profile & analytics
OFF-MARKET
Estimated value
$290,000
Office buildings
230 Ft Ln Portsmouth, VA 23704-2248
Individually Owned
4-yr Hold
Free & Clear
Property ID
US87-0656588
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
BRICK
Total area
2,594 SF
Lot
0.13 ac (5,793 SF)
Zoning code
HLO
APN
0026-0830
UPID
US87-0656588
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
$290k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$290k
Owner & transaction history
Harbor Point Behavioral Health Cent · 4 yrs held
Harbor Point Behavioral Health Cent
since 2021
2 recorded transactions
Zoning & alternative use
HLO · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HLO sub district is intended for professional office uses as well as limited residential and institutional uses.
Zone name
Historic Limited Office
General category
CIVIC_INSTITUTIONAL
Zone area
13.38 ac
Source
Realmo
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
$290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$290k
Range $261k – $319k · ±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
$112 / 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
Tax billed
$2,204
Tax year 2023
Assessed value
$157,190
Assessed 2023
Previous assessed
$157,190
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$44,950
Assessed improvement
$112,240
Land market value
$44,950
Improvement market value
$112,240
Total market value
$157,190
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Construction
BRICK
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
3
Total area
2,594 SF
Lot
0.13 ac (5,793 SF)
Zoning code
HLO
APN
0026-0830
UPID
US87-0656588
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
HLO · Portsmouth, VAZoning HLO · permitted uses
HLO · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HLO sub district is intended for professional office uses as well as limited residential and institutional uses.
Zone name
Historic Limited Office
General category
CIVIC_INSTITUTIONAL
Zone area
13.38 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1954
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Harbor Point Behavioral Health Cent
Individual
Free & Clear · 4 yrs held
Mailing address
367 S GULPH RD, KING OF PRUSSIA, PA 19406-3121
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2021
—
Harbor Point Behavioral Health Cent
Abs Lincs Va INC
Special Warranty Deed
—
Oct 26, 2011
—
Abx Lincs Va INC
Crawford First Education INC
Grant Deed
related
—
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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