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Property profile & analytics
OFF-MARKET
Warehouses

2406 Rodman Ave Portsmouth, VA 23707-4523

5,400 SF 0.41 ac lot Built 1967
Individually Owned 1-yr Hold Free & Clear
Property ID
US87-0705041
Property summary
AI-generated overview

This exceptional investment opportunity encompasses three contiguous parcels totaling 1.12 acres of commercial land in Portsmouth, Virginia. Strategically located with frontage on both Rodman Avenue and Turnpike Road, this property offers unparalleled visibility and accessibility. Currently utilized as a marine outboard motor repair facility, the site includes two bathrooms and presents a multitude of redevelopment possibilities. The combined area provides ample space for a variety of commercial ventures, benefiting from its high-traffic location. The three parcels, identified as 24045 Rodman Avenue, 2406 Rodman Avenue, and 3709 Turnpike Road, are being offered as a single package. This presents a unique chance to acquire a substantial land holding in a desirable commercial area. The property's size and location make it ideal for expansion or the development of new commercial buildings. Given its current use, the property is well-suited for businesses in the marine or automotive repair sectors, but its versatility allows for a wide range of potential uses. The asking price for all three parcels is $425,000, representing a significant opportunity for investors seeking a substantial land acquisition in a thriving commercial zone. The 0.41-acre parcel at 2406 Rodman Avenue is included in this offering. Serious inquiries are encouraged to explore the potential of this prime commercial real estate.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1967
Total area 5,400 SF
Lot 0.41 ac (17,903 SF)
Zoning code GMU
APN 0339-0113
UPID US87-0705041
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
  • Ron's Marine & Equipment Inc Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
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
Douglas J Borsch · 1 yrs held
Douglas J Borsch
since 2025
1 recorded transaction
2025
$400,000
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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