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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Medical Office Space
3300 High St Portsmouth, VA 23707-3321
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-1006949
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
8,412 SF
Lot
0.33 ac (14,157 SF)
Zoning code
GMU
APN
0352-0468
UPID
US87-1006949
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 Law Office of Betsy Cornatzer PC Law Firm
-
Bon Secours In Motion at High Street Medical Clinic
-
Tonya Murray Physician
-
Virginia Orthopaedic & Spine Specialists Medical Clinic
-
Steven C. Blasdell, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.34M
Owner & transaction history
Carolyn T Kearney · 4 yrs held
Carolyn T Kearney
since 2021
5 recorded transactions
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+12.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,030,000
Current use
OFFICE BUILDING
$1,160,000
Change: +13% · Conversion: Easy
RETAIL STORES
$1,010,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$159 / 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
$19,476
Tax year 2023
Assessed value
$1,491,020
Assessed 2023
Previous assessed
$1,491,020
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$132,110
Assessed improvement
$1,358,910
Land market value
$132,110
Improvement market value
$1,358,910
Total market value
$1,491,020
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Heating
CENTRAL
Cooling
YES
Stories
1
Bathrooms
6
Total area
8,412 SF
Lot
0.33 ac (14,157 SF)
Zoning code
GMU
APN
0352-0468
UPID
US87-1006949
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
GMU · Portsmouth, VA
Zoning GMU · permitted uses
GMU · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portsmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.33 ac
Current owner
From public records · entity-resolved
Carolyn T Kearney
Individual
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$155,000
Carolyn T Kearney
Zarine Mistry Revocablt Trust
Warranty Deed
$124,000 · Townebank
May 14, 2021
$140,000
High St LLC
Internal Medicine Properties Of Por
Special Warranty Deed
$172,000 · Select Bank & Trust Co
Jul 25, 2018
—
Snb Holdings LLC
—
Deed
related
$65,000 · Towne Bk
Jul 27, 2016
$50,000
Snb Holdings LLC
Cahoon,roger H & Margaret K
Grant Deed
related
$45,000 · Private Individual
Jun 8, 2015
$1,375,000
Chct Va LLC
Osteon LLC
Grant Deed
—
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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