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Property profile & analytics
OFF-MARKET
Commercial real estate

3214 Victory Blvd Portsmouth, VA 23702-1832

0.32 ac lot
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US87-0813465
Property summary
AI-generated overview

This exceptional 850-square-foot retail space is ideally situated at 3214 Victory Boulevard in Portsmouth, Virginia, within Norfolk County. Currently vacant, this single-tenant property presents a fantastic opportunity for a variety of businesses, particularly those in the hair salon, barber shop, or nail salon industries. The building's total square footage mirrors the vacant space, offering immediate occupancy for a new tenant. The property's location in Portsmouth, VA, zip code 23702, provides excellent visibility and accessibility for customers. Its convenient location within Norfolk County ensures easy access to major transportation routes and a thriving local community. This turnkey retail space is ready for immediate occupation, eliminating the need for extensive renovations or build-outs. The property is perfect for entrepreneurs seeking a well-located, move-in ready space to establish or expand their business. The single-tenant occupancy ensures a streamlined lease agreement and direct control over the property's use. This is a rare opportunity to secure a prime retail location in a desirable area of Portsmouth, Virginia. The property's size is ideal for a variety of retail concepts, offering ample space for both customer service and back-of-house operations. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.32 ac (13,939 SF)
Zoning code IL
APN 0496-0020
UPID US87-0813465
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
Murphy Thomas R
Murphy Thomas R
1 recorded transaction
1969
Price N/A
Zoning & alternative use
IL · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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