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Property profile & analytics
OFF-MARKET Estimated value $1,455,000
Shopping centers

2550 Airline Blvd Portsmouth, VA 23701-2802

52,156 SF 5.4 ac lot Built 1991
Entity Owned Absentee Owner Free & Clear
Property ID
US87-1130822
Property summary
AI-generated overview

The Shops at Alexander's Corner, located at 2550 Airline Blvd in Portsmouth, Virginia (zip code 23701), offers exceptional retail space in a vibrant strip center. This property boasts a total of 2,480 square feet, currently featuring two available spaces. The minimum divisible space is 1,250 square feet, providing an ideal opportunity for smaller businesses, while a maximum of 44,386 contiguous square feet is available for larger tenants seeking significant space. The property's prominent location ensures high visibility and accessibility for customers. A key advantage is the availability of prominent pylon signage, offering excellent opportunities for branding and attracting attention. The property is classified as a retail strip center with multiple tenancies, indicating a diverse and potentially thriving commercial environment. The available space presents a unique opportunity for businesses seeking a well-located and highly visible retail presence in Portsmouth, Virginia. The address is easily accessible, and the property's size offers flexibility for a range of business needs, from smaller boutiques to larger retail operations. With ample space available, this property is ready for immediate occupancy. Inquire today to learn more about this exciting opportunity.

Property profile
Verified
Property type Shopping centers
Use group SHOPPING CENTER COMMON AREA
Year built 1991
Construction BRICK
Total area 52,156 SF
Lot 5.4 ac (235,224 SF)
Zoning code GMU
APN 0381-0150
UPID US87-1130822
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
  • Conn's HomePlus Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$935k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.97M
Blend (final) Blend
$1.46M
Owner & transaction history
VIRGINIA HICKORY ASSOCIATES LLP
VIRGINIA HICKORY ASSOCIATES LLP
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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