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Property profile & analytics
OFF-MARKET
Commercial real estate
3105 Tyre Nck Rd Portsmouth, VA 23703-4511
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3963024
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2012
Lot
0.21 ac (8,930 SF)
Zoning code
URM
APN
0815-0030
UPID
US87-3963024
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
-
The Gateway Condominium Complex
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
Towne Bk · 15 yrs held
Towne Bk
since 2011
7 recorded transactions
Zoning & alternative use
URM · 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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2012
Heating
NONE
Cooling
NONE
Lot
0.21 ac (8,930 SF)
Zoning code
URM
APN
0815-0030
UPID
US87-3963024
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
URM · Portsmouth, VAZoning URM · permitted uses
URM · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Cooling
Yes
Lot
0.21 ac
Current owner
From public records · entity-resolved
Towne Bk
Individual
Free & Clear · 15 yrs held
Mailing address
6001 HARBOUR VW BLVD, SUFFOLK, VA 23435-2767
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Jul 8, 2011
—
Towne Bk
Southeastern Virginia Props Ll
Grant Deed
related
—
Jul 21, 2010
$2,378,369
Southeastern Virginia Props Ll
Biemiller Richard E
Trustees Deed
related
—
Dec 31, 2008
$279,400
Justin D Hitt
Futura Group LLC
Grant Deed
related
$265,430 · Atlantic Bay Mortgage Group
Dec 31, 2008
$269,400
Raymond Lafrance
Futura Group LLC
Grant Deed
related
$278,290 · Atlantic Bay Mortgage Group
Jul 17, 2008
$278,000
Lynn Lovejoy Winslow
Futura Group LLC
Grant Deed
related
$223,100 · Atlantic Bay Mortgage Group
Jan 9, 2006
$1,850,000
Futura Group LLC
Mill Dam Landing Associates Ll
Grant Deed
related
—
Apr 21, 2004
$450,000
Mill Dam Landing Assocs LLC
Russell Realty Associates
Warranty Deed
related
$1,028,000 · Towne Bank
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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