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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
307 High St, Portsmouth, VA 23704-3706
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-1171345
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
8,524 SF
Lot
0.13 ac (5,532 SF)
Zoning code
T5
APN
0007-0130
UPID
US87-1171345
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
-
Supper Cuisine Grocery & Convenience Store Food Market
-
Select 13 Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$520k
Owner & transaction history
High Investment Group LLC · 6 yrs held
High Investment Group LLC
since 2020
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
T5 · 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
$635,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$790,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$775,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $400k (Apr 15 2020)
Last sale anchor
$400k
Apr 15 2020
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
$61 / 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
$6,289
Tax year 2023
Assessed value
$462,040
Assessed 2023
Previous assessed
$462,040
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$231,490
Assessed improvement
$230,550
Land market value
$231,490
Improvement market value
$230,550
Total market value
$462,040
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
CENTRAL
Cooling
YES
Stories
2
Bathrooms
4
Total area
8,524 SF
Lot
0.13 ac (5,532 SF)
Zoning code
T5
APN
0007-0130
UPID
US87-1171345
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
T5 · Portsmouth, VA
Zoning T5 · permitted uses
T5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$775,000
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.13 ac
Current owner
From public records · entity-resolved
High Investment Group LLC
Entity
Mailing address
307 HIGH ST, PORTSMOUTH, VA 23704-3706
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
The High Investment Group Llf
—
Deed
related
$322,000 · Velocity Commercial Capital LLC
Apr 15, 2020
$400,000
High Investment Group LLC
Dana Thomas W III L/tr
Grant Deed
$390,000 · Dana Thomas W III L/tr (rt)
Jan 27, 2015
—
Dana,thomas W III Living Trust
Dana Thomas W III
Quit Claim Deed
related
—
Jul 1, 2010
—
Thomas W Dana III
—
Deed Of Trust
related
$3,946,325 · Branch Banking & Trust Co
—
—
Thomas W Dana III
—
Loan Modification
related
$3,946 · Branch Banking & Trust Co
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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