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Property profile & analytics
FOR LEASE
Bars & Pubs

2850 Airline Blvd Portsmouth, VA 23701

33,535 SF 3.13 ac lot Built 1961
Individually Owned 20-yr Hold ~ Est. High Equity
Property ID
US87-0066532
Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1961
Total area 33,535 SF
Lot 3.13 ac (136,343 SF)
Zoning code GMU
APN 0577-0210
UPID US87-0066532
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
  • Total Car Care Repair Center Auto Repair Shop
  • Total Car Care Repair & Auto Sales Auto Repair Shop
  • Black Sheep Airsoft (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$925k
Owner & transaction history
L L C Zway II · 20 yrs held
L L C Zway II
since 2006
4 recorded transactions
2011
Price N/A
2009
Price N/A
2006
Price N/A
2006
$600,000
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Window signs located in the NMU, GMU, IN, and WF districts; and if consistent with applicable adopted design standards, window signs located in the MU-H district Signs oriented toward the interior of and intended to be viewed from within an outdoor recreation or entertainment establishment or facility Outdoor Advertising Signs (Billboards) These signs requir…

Zone name General Mixed Use
General category MIXED_USE
Zone area 717.41 ac
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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