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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2600 Frederick Blvd Portsmouth, VA 23704-6115
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0683344
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1990
Construction
STONE
Total area
1,560 SF
Lot
1.47 ac (64,207 SF)
Zoning code
HLB
APN
0200-0021
UPID
US87-0683344
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
-
ATM Atm
-
bp Gas Station
-
Kang's Amoco Gas Station
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
Lap Royal Ports LLC · 1 yrs held
Lap Royal Ports LLC
since 2025
5 recorded transactions
Zoning & alternative use
HLB · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,962
Tax year 2023
Assessed value
$1,350,030
Assessed 2023
Previous assessed
$1,350,030
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,050,520
Assessed improvement
$299,510
Land market value
$1,050,520
Improvement market value
$299,510
Total market value
$1,350,030
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1990
Construction
STONE
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,560 SF
Lot
1.47 ac (64,207 SF)
Zoning code
HLB
APN
0200-0021
UPID
US87-0683344
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
HLB · Portsmouth, VA
Zoning HLB · permitted uses
HLB · 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.
Building & site characteristics
From public records
Year built
1990
Construction
STONE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
Lap Royal Ports LLC
Entity
Mailing address
2600 FREDERICK BLVD, PORTSMOUTH, VA 23704-6115
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
Lap Royal Ports LLC
—
Deed
related
$494,000 · 504 Capital Corporation
Mar 19, 2025
$1,475,000
Lap Royal Ports LLC
Kang Enterprises LLC
Warranty Deed
$797,500 · Southern Bank And Trust Company
Apr 16, 2024
—
Kang Enterprises LLC
—
Deed
related
$150,000 · Alliance Energy LLC
May 29, 2020
—
Kang Ents LLC
—
Deed
related
$500,000 · Towne Bk
—
—
Kang Ents LLC
—
Loan Modification
related
$500,000 · Towne 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.
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