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Property profile & analytics
OFF-MARKET Estimated value $1,475,000
Warehouses

300 Wythe St Portsmouth, VA 23704-5208

13,674 SF 1.66 ac lot Built 1982
Entity Owned ~ Est. High Equity
Property ID
US87-0727951
Property summary
AI-generated overview

This exceptional 15,611-square-foot food processing plant, located at 300 Wythe St, Portsmouth, VA 23704, presents a unique investment opportunity. Built in 1981 and significantly renovated in 2016, this single-building facility sits on a 1.66-acre lot and boasts three loading docks, all at dock level for efficient operations. The building features a 16-foot ceiling height and is constructed of 10-12 inch concrete on pilings. Importantly, the interior is certified to be 9 feet above the flood zone, providing peace of mind. The 2016 renovation included a complete retrofit of all electrical systems, panels, and water lines. This property benefits from excellent logistics, offering direct access to Interstate 264 and close proximity to the ports of Virginia, making it ideal for distribution. The asking price is $1,800,000, translating to $115.30 per square foot. This turnkey operation is ready for immediate occupancy and presents a compelling opportunity for a variety of food processing businesses. The property's strategic location and modern infrastructure make it a highly desirable asset in the competitive food processing market. This is a rare chance to acquire a well-maintained, strategically located industrial property with significant potential for growth and profitability. The three-phase, 600V electrical service ensures ample power for demanding operations.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1982
Construction LIGHT FRAME
Total area 13,674 SF
Lot 1.66 ac (72,310 SF)
Zoning code SD
APN 0009-0010
UPID US87-0727951
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.55M
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$1.48M
Owner & transaction history
Lbc Transportation LLC
Lbc Transportation LLC
since 2025
4 recorded transactions
2025
$1.0M
2020
Price N/A
2014
$213,215
1969
Price N/A
Zoning & alternative use
SD · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.7M +34.9%
Retail stores $1.6M +32.3%
Office building $1.4M +16.5%
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