Technical
Financial
Distress signals
Property profile

326 High St Portsmouth, VA 23704

FOR SALE
Retail space
Property ID
US87-0304002
10,177 SF 0.37 ac lot Built 1950
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 10,040 square foot retail storefront is ideally situated at 326 High Street in Portsmouth, Virginia, zip code 23704. Boasting 82 feet of prominent frontage along historic High Street, this single-tenant space offers unparalleled visibility and accessibility. The property benefits from its location within an Enterprise Zone, providing potential economic advantages. Ample parking is available, with 10-15 surface spaces located at the rear of the building, supplemented by the convenient proximity of a city parking garage. This prime location places the property less than a quarter-mile from I-264, ensuring easy access for customers and employees. The property's neighbors include the well-established Roger Brown's Restaurant & Sports Bar and TCC's Visual Arts Center, creating a vibrant and attractive commercial environment. The entire 10,040 square feet is currently vacant, presenting a unique opportunity for a single tenant to establish a significant presence in a thriving Portsmouth location. The property's size and location make it suitable for a wide range of retail businesses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 10,177 SF
Lot 0.37 ac (16,117 SF)
Zoning code T5
APN 0006-0920
UPID US87-0304002

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Bank Credit Union
  • Electronics Vending Machine

Location

326 High St Portsmouth, VA 23704
Portsmouth metro Census 210900 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.61M
Blend (final) Blend
$1.81M

Owner & transaction history

since 2026
Last sale
$814,500
1 recorded transaction
2026
$814,500

Zoning & alternative use

T5 · Portsmouth, VA
Zoning description

The T5 sub-district contains a higher density mix of uses with primarily retail space permitted on the ground floor.

General category COMMERCIAL
Top alternative use upside
Medical building $1.2M +2.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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