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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
Zoning description
The T5 sub-district contains a higher density mix of uses with primarily retail space permitted on the ground floor.
Zone name
Urban Center
General category
COMMERCIAL
Zone area
45.97 ac
Source
Realmo
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, VAZoning T5 · permitted uses
T5 · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The T5 sub-district contains a higher density mix of uses with primarily retail space permitted on the ground floor.
Zone name
Urban Center
General category
COMMERCIAL
Zone area
45.97 ac
Source
Realmo
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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