Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Warehouses
2500 Rodman Ave Portsmouth, VA 23707-4566
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-1115311
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
9,500 SF
Lot
3.06 ac (133,294 SF)
Zoning code
IL
APN
0346-0021
UPID
US87-1115311
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
-
The Southside Woodshop General Contractor
-
Chesapeake Bay Stool Company General Contractor
-
Bin There Dump That General Contractor Waste Management Facility
-
Watson's Towing & Transport Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$897k
Blend (final)
Blend
$815k
Owner & transaction history
Jjello Co LLC · 6 yrs held
Jjello Co LLC
since 2020
Last sale
$535,000
4 recorded transactions
Zoning & alternative use
IL · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+52.0%
Medical building
$1.2M
+34.9%
Retail stores
$1.1M
+32.3%
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
$850,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$860,000
Current use
OFFICE BUILDING
$1,310,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$1,160,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: +32% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$900,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $535k (Feb 24 2020)
Last sale anchor
$535k
Feb 24 2020
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
$86 / 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
$9,528
Tax year 2023
Assessed value
$502,350
Assessed 2023
Previous assessed
$502,350
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$217,350
Assessed improvement
$285,000
Land market value
$217,350
Improvement market value
$285,000
Total market value
$502,350
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
9,500 SF
Lot
3.06 ac (133,294 SF)
Zoning code
IL
APN
0346-0021
UPID
US87-1115311
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
IL · Portsmouth, VA
Zoning IL · permitted uses
IL · 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
WAREHOUSE, STORAGE Current
Est. value
$860,000
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$900,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1965
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Jjello Co LLC
Entity
Mailing address
841 WASHINGTON DR, CHESAPEAKE, VA 23322-7329
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2020
$535,000
Jjello Co LLC
Island Boy LLC
Grant Deed
$531,000 · Farmers Bk
Dec 28, 2016
—
Res 4oth LLC
—
Deed
related
$175,000 · Southern Bk
Mar 15, 2005
$243,000
Fcl Enterprises LLC
Excalibur Fence & Deck INC
Grant Deed
related
—
—
—
Res 4oth LLC
—
Loan Modification
related
$175,000 · Southern Bk
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 2500 Rodman 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.
