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    Property profile & analytics

    3300 Academy Ave Portsmouth, VA 23703-3205

    • Medical offices
    • 10,201 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimation
    $2,200,000
    Last Sale
    Apr 08, 2024
    $2,173,000
    Location Intelligence
    Property ID
    US87-0895610
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dollar General / Discount Store / Drug Store
    • Richardean Benjamin / Nurse Practitioner
    • Christopher T. Hummel, PSYD / Psychologist
    • Walter Daniel T / Psychologist
    • Newfield Norbert / Psychologist

    Property Details for 3300 Academy Ave

    Year built
    2002
    Construction
    BRICK
    Lot size
    1.42 lot acres
    Property size
    10,201 SF
    Zone code
    GMU
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0818-0132
    APU
    8180132

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,175,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,020,000
      6.5%
      $2,255,000
      7%
      $2,065,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,095,000
      Geo Method
      $2,415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,240,000
      Retail
      $2,405,000
      Mixed-Use
      $2,035,000
      Hospitality
      $2,410,000
      Educational
      $2,395,000
      Residential Income
      $2,375,000
      Energy
      $2,000,000
      Income-Based Land
      $2,355,000
      Food Service
      $2,240,000

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3974
    Latitude
    36.8642
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,761
    $410,440
    $1,702,350
    $2,112,790
    -
    $410,440
    $1,702,350
    $2,112,790

    Comparable in this City

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      View Details
    • Value Estimation by Request
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      Portsmouth, VA 23703

      MEDICAL BUILDING • 35,934 SF
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      View Details
    • Value Estimation
      $410,000
      1,362 SF

      3219 Stamford Rd

      MEDICAL BUILDING • 1,362 SF
      3219 Stamford Rd, Portsmouth, VA 23703-3707
      View Details
    • Value Estimation
      $360,000
      2,015 SF

      3217 Stamford Rd

      MEDICAL BUILDING • 2,015 SF
      3217 Stamford Rd, Portsmouth, VA 23703-3709
      View Details
    • Value Estimation
      $270,000
      3,696 SF

      5857 Trucker St

      MEDICAL BUILDING • 3,696 SF
      5857 Trucker St, Portsmouth, VA 23703-4509
      View Details
    • Value Estimation
      $355,000
      5,483 SF

      5717 Churchland Blvd

      MEDICAL BUILDING • 5,483 SF
      5717 Churchland Blvd, Portsmouth, VA 23703-3308
      View Details

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    Similar Nearby for Lease

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    • $15 SF/Yr
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      View Details
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    Portsmouth, VA 23703-3205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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