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Financial
Distress signals
Property profile

2618 Airline Blvd Portsmouth, VA 23701

OFF-MARKET
Other warehouses
Property ID
US87-0304618
7,344 SF 0.67 ac lot Built 1954
Last sale Feb 2026 · $825,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an industrial commercial warehouse located on Airline Boulevard in Portsmouth, Virginia, with access to I-64 and positioned along a developed business corridor. It contains more than 9,000 square feet of renovated warehouse space on a nearly 1-acre industrial lot zoned GMU. The building includes two separate units with distinct front and rear entrances, supporting flexible use such as owner-occupancy, leasing, or multi-tenant arrangements. Improvements include new electrical…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$363k
Assessed land$276k
Assessed improvement$86k
Effective rate1.29%

Value estimate

· Oct 2026
$315k
$284k – $347k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$58 – $125
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GMU
Window signs located in the NMU, GMU, IN, and WF districts; and if consistent with applicable adopted design standards, window signs loca...
General categoryMIXED_USE
JurisdictionPORTSMOUTH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.7
Law Firm21.3
Dental Office12.7

Location

2618 Airline Blvd Portsmouth, VA 23701-2701
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4101 Portsmouth, Portsmouth, VA 23701-2915 $850,000 Sep 2022 5,000 SF
807 Gust, Portsmouth, VA 23701 $1,214,386 May 2022 9,120 SF
4825 Portsmouth, Portsmouth, VA 23701-2301 $100,000 Dec 2020 4,500 SF
3645 Victory, Portsmouth, VA 23701-3419 $349,000 Aug 2020 4,874 SF
2921 Ballard, Portsmouth, VA 23701-2719 $800,000 Dec 2019 6,000 SF
3921 Garwood, Portsmouth, VA 23701-2638 $575,000 Jul 2019 5,075 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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