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Property profile & analytics
OFF-MARKET
Apartment buildings
309 Nn St Portsmouth, VA 23704-2617
Entity Owned
2-yr Hold
Property ID
US87-0855127
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1840
Construction
LIGHT FRAME
Total area
9,354 SF
Lot
0.09 ac (4,051 SF)
Zoning code
HR
APN
0008-0790
UPID
US87-0855127
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tele Homes LLC · 2 yrs held
Tele Homes LLC
since 2023
Last sale
$475,000
1 recorded transaction
Zoning & alternative use
HR · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HR sub district is intended for residential uses, but also allows some public and institutional uses.
Zone name
Historic Residential
General category
CIVIC_INSTITUTIONAL
Zone area
314.13 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,368
Tax year 2023
Assessed value
$570,320
Assessed 2023
Previous assessed
$570,320
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$180,780
Assessed improvement
$389,540
Land market value
$180,780
Improvement market value
$389,540
Total market value
$570,320
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1840
Construction
LIGHT FRAME
Heating
CENTRAL
Cooling
YES
Stories
4
Units
8
Bathrooms
8
Total area
9,354 SF
Lot
0.09 ac (4,051 SF)
Zoning code
HR
APN
0008-0790
UPID
US87-0855127
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
HR · Portsmouth, VAZoning HR · permitted uses
HR · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HR sub district is intended for residential uses, but also allows some public and institutional uses.
Zone name
Historic Residential
General category
CIVIC_INSTITUTIONAL
Zone area
314.13 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1840
Construction
LIGHT FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
8
Bathrooms
8
Lot
0.09 ac
Current owner
From public records · entity-resolved
Tele Homes LLC
Entity
Mailing address
309 NN ST, PORTSMOUTH, VA 23704-2617
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$475,000
Tele Homes LLC
Dane G Franta
Warranty Deed
$686,000 · Richmond Rehab Funding LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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