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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Automotive properties
3015 Airline Blvd, Portsmouth, VA 23701-2708
Entity Owned
10-yr Hold
Free & Clear
Property ID
US87-0835315
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1973
Construction
LIGHT FRAME
Total area
15,750 SF
Lot
5.36 ac (233,264 SF)
Zoning code
IL
APN
0574-0030
UPID
US87-0835315
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
-
Southern Material Handling, Inc. Material Handling Equipment Supplier Garage Door Supplier
-
Pasha Group Freight Service Logistics Company
-
Veterans Express Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$650k
Owner & transaction history
Berner Properties 3015 Airline · 10 yrs held
Berner Properties 3015 Airline
since 2015
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
Method
Estimation
Statistic approach
by Request
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / 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
$25,977
Tax year 2023
Assessed value
$1,147,900
Assessed 2023
Previous assessed
$1,147,900
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$874,390
Assessed improvement
$273,510
Land market value
$874,390
Improvement market value
$273,510
Total market value
$1,147,900
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
1973
Construction
LIGHT FRAME
Heating
CENTRAL
Cooling
YES
Stories
1
Bathrooms
3
Total area
15,750 SF
Lot
5.36 ac (233,264 SF)
Zoning code
IL
APN
0574-0030
UPID
US87-0835315
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
1973
Construction
LIGHT FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
5.36 ac
Current owner
From public records · entity-resolved
Berner Properties 3015 Airline
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 4025, PORTSMOUTH, VA 23701-9125
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2016
—
Berner Props 3015 Airline LLC
—
Deed
related
$450,000 · Towne Bk
Aug 23, 2016
—
Berner Properties 3015 Airline
—
Deed
related
$372,000 · Tidewater Busn Financing
Oct 1, 2015
$700,000
Berner Properties 3015 Airline
Coastline Properties LLC
Grant Deed
—
Oct 1, 2015
—
Berner Properties 3015 Airline
—
Trustees Deed
related
$810,000 · Towne Bk
—
—
Coastline Properties LLC
—
Deed Of Trust
$82,500 · Towne Bank
—
—
Berner Properties 3015 Airline
—
Deed Of Trust
related
$372,000 · Tidewater Busn Financing
—
—
Berner Props 3015 Airline LLC
—
Loan Modification
related
$450,000 · 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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