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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Automotive properties
2615 Airline Blvd, Portsmouth, VA 23701-2706
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-1154217
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1969
Construction
LIGHT FRAME
Total area
12,549 SF
Lot
1.31 ac (57,064 SF)
Zoning code
IL
APN
0527-0020
UPID
US87-1154217
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
-
Caliber Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.68M
Owner & transaction history
Md Coast 23 LLC · 4 yrs held
Md Coast 23 LLC
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
IL · 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
$293 / 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
$21,340
Tax year 2023
Assessed value
$1,257,140
Assessed 2023
Previous assessed
$1,257,140
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$504,410
Assessed improvement
$752,730
Land market value
$504,410
Improvement market value
$752,730
Total market value
$1,257,140
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1969
Construction
LIGHT FRAME
Heating
CENTRAL
Cooling
YES
Stories
1
Bathrooms
6
Total area
12,549 SF
Lot
1.31 ac (57,064 SF)
Zoning code
IL
APN
0527-0020
UPID
US87-1154217
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.
Building & site characteristics
From public records
Year built
1969
Construction
LIGHT FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1.31 ac
Current owner
From public records · entity-resolved
Md Coast 23 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11955 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2021
$3,530,703
Md Coast 23 LLC
Cc Portsmouth Va LLC
Special Warranty Deed
—
Oct 15, 2018
—
Cc Portsmouth Va LLC
—
Deed
related
$1,974,000 · Anne E Kline
Sep 7, 2018
$1,300,000
Cc Portsmouth Va LLC
Noell Properties LLC
Grant Deed
—
Mar 19, 2018
—
Noel Properties LLC
—
Deed
related
$739,707 · Branch Bk&tr
—
—
Noell Properties LLC
—
Loan Modification
related
$465,000 · Towne Bank
—
—
Noell Properties LLC
—
Deed Of Trust
related
$300,000 · Towne Bank
—
—
Noel Properties LLC
—
Deed Of Trust
related
$739,707 · Branch Bk&tr
—
—
Cc Portsmouth Va LLC
—
Deed Of Trust
related
$1,974,000 · Anne E Kline
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
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