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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Bars & Pubs
316 High St Portsmouth, VA 23704-3707
Entity Owned
~
Est. High Equity
Property ID
US87-1319904
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1935
Construction
BRICK
Total area
31,192 SF
Lot
0.37 ac (16,117 SF)
Zoning code
T5
APN
0006-0930
UPID
US87-1319904
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
-
Roger Brown's Restaurant and Sports Bar Restaurant
-
Rotary Club of Portsmouth, VA Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
750 Princess Anne LLC
750 Princess Anne LLC
since 2026
Last sale
$1.7M
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$58 / 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
$28,607
Tax year 2023
Assessed value
$2,170,900
Assessed 2023
Previous assessed
$2,170,900
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$402,320
Assessed improvement
$1,768,580
Land market value
$402,320
Improvement market value
$1,768,580
Total market value
$2,170,900
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1935
Construction
BRICK
Heating
CENTRAL
Cooling
YES
Stories
2
Bathrooms
2
Total area
31,192 SF
Lot
0.37 ac (16,117 SF)
Zoning code
T5
APN
0006-0930
UPID
US87-1319904
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
Building & site characteristics
From public records
Year built
1935
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
750 Princess Anne LLC
Entity
Mailing address
316 HIGH ST, PORTSMOUTH, VA 23704-3707
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
$1,740,000
750 Princess Anne LLC
Lion LLC
Bargain & Sale Deed
$2,352,000 · Chesapeake Bank
—
—
Lion LLC
—
Deed Of Trust
related
$329,200 · Towne Bank
—
—
Lion LLC
—
Deed Of Trust
related
$450,000 · Towne Bank
—
—
Lion LLC
—
Deed Of Trust
related
$190,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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