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    Property profile & analytics

    2400 Airline Blvd Portsmouth, VA 23701-2912

    • Banks
    • 3,443 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimation
    $655,000
    Last Sale
    Feb 15, 2024
    $630,000
    Location Intelligence
    Property ID
    US87-0700069
    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.

    Current Use by Public Records

    • Fast PICRAs / Repair Service
    • Wells Fargo ATM / Atm
    • Pro-Home Builders / Construction Company

    Property Details for 2400 Airline Blvd

    Year built
    1963
    Construction
    BRICK
    Lot size
    1.50 lot acres
    Property size
    3,443 SF
    Zone code
    GMU
    Property type
    Banks
    APN
    0336-0010
    APU
    3360010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $630,000

    • CAP approach

      CAP return
      Estimation
      6%
      $705,000
      6.5%
      $655,000
      7%
      $695,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $685,000
      Geo Method
      $740,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $675,000
      Retail
      $710,000
      Mixed-Use
      $585,000
      Hospitality
      $770,000
      Educational
      $775,000
      Residential Income
      $665,000
      Energy
      $760,000
      Income-Based Land
      $705,000
      Food Service
      $615,000

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3549
    Latitude
    36.8179
    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
    $17,326
    $613,790
    $353,690
    $967,480
    -
    $613,790
    $353,690
    $967,480

    Comparable in this City

    • Value Estimation by Request
      4,020 SF

      6201 Portsmouth Blvd

      FINANCIAL BUILDING • 4,020 SF
      6201 Portsmouth Blvd, Portsmouth, VA 23701-1344
      View Details
    • Value Estimation by Request
      2,411 SF

      5700 Portsmouth Blvd

      FINANCIAL BUILDING • 2,411 SF
      5700 Portsmouth Blvd, Portsmouth, VA 23701-1442
      View Details
    • Value Estimation by Request
      4,056 SF

      4050 Victory Blvd

      FINANCIAL BUILDING • 4,056 SF
      4050 Victory Blvd, Portsmouth, VA 23701-2820
      View Details
    • Value Estimation
      $4,485,000
      3,444 SF

      5555 Portsmouth Blvd

      FINANCIAL BUILDING • 3,444 SF
      5555 Portsmouth Blvd, Portsmouth, VA 23701-1832
      View Details
    • Value Estimation
      $380,000
      3,606 SF

      4241 Portsmouth Blvd

      FINANCIAL BUILDING • 3,606 SF
      4241 Portsmouth Blvd, Portsmouth, VA 23701-2530
      View Details
    • Value Estimation by Request
      11,316 SF

      975 Hodges Fry Rd

      DRUG STORE, PHARMACY • 11,316 SF
      975 Hodges Fry Rd, Portsmouth, VA 23701-1343
      View Details

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    Similar Nearby for Lease

    • $7,900,000
      4,018 SF

      Retail Space Near Rivers Casino

      Retail property near new casino and entertainment district for rent.
      2830-2886 Airline Blvd, Portsmouth, VA 23701
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      Retail Space in Portsmouth Corridor

      Retail space in Portsmouth's dominant retail corridor, easy access.
      2570 Airline Blvd, Portsmouth, VA 23701
      View Details
    • $22 SF/Yr
      1,626 SF

      Retail Space Available For Lease

      Retail space available for lease in Portsmouth, Virginia.
      2850 Airline Blvd, Portsmouth, VA 23701
      View Details
    • $750,000
      1,200 SF

      Retail Space Near Rivers Casino

      Retail property near new casino and entertainment district for rent.
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      View Details
    • Contact for pricing
      600 SF

      Retail Space in Elmhurst Square

      Newly renovated retail space in a bustling Portsmouth shopping center.
      5630 Portsmouth Blvd, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Airline Boulevard

      4,000 SF retail end cap available on busy corridor.
      3300-3308 Airline Blvd, Portsmouth, VA 23701
      View Details
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    Portsmouth, VA 23701-2912
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    Realmo Value Estimation

    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.

    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.

    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
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