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Property profile & analytics
OFF-MARKET
Warehouses
310 King St Portsmouth, VA 23704
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1897191
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1950
Construction
BRICK
Total area
4,317 SF
Lot
0.13 ac (5,663 SF)
Zoning code
T5
APN
0007-0060
UPID
US87-1897191
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
309 High Street LLC · 1 yrs held
309 High Street LLC
since 2025
Last sale
$148,000
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
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
$2,255
Tax year 2023
Assessed value
$148,920
Assessed 2023
Previous assessed
$148,920
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$118,020
Assessed improvement
$30,900
Land market value
$118,020
Improvement market value
$30,900
Total market value
$148,920
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Construction
BRICK
Heating
OTHER
Cooling
YES
Stories
1
Total area
4,317 SF
Lot
0.13 ac (5,663 SF)
Zoning code
T5
APN
0007-0060
UPID
US87-1897191
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.
Building & site characteristics
From public records
Year built
1950
Construction
BRICK
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
309 High Street LLC
Entity
Mailing address
309 HIGH ST, PORTSMOUTH, VA 23704-3706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 9, 2026
—
309 High Street LLC
—
Deed
related
$2,600,000 · Chesapeake Bank
Jul 30, 2025
—
309 High Street LLC
—
Deed
related
$460,000 · Cof 309 High Street LLC
Jan 23, 2025
—
309 High Street LLC
Kelly Morris
Special Warranty Deed
$460,000 · Coast Opportunities Fund II LP
Sep 15, 2021
$400,000
Kelly Morris
Thomas W Dana III
Special Warranty Deed
$200,000 · Party III
Feb 3, 2015
—
Dana,thomas W III Living Trust
Dana Thomas W III
Quit Claim Deed
related
—
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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