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Property profile & analytics
OFF-MARKET
Office Spaces
3303 Airline Blvd 2C Portsmouth, VA 23701-2665
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-1063082
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1999
Total area
8,000 SF
Lot
0.81 ac (35,196 SF)
Zoning code
IL
APN
0572-0500
UPID
US87-1063082
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
-
Financial Wize Mortgage Lenders Portsmouth VA Nursing Home Retirement Community
-
Obsessed Over Her Beauty Studio LLC Hair Salon Nail Salon
-
J&G Fence & Deck Co. General Contractor Construction Company
-
Forsythe, Inc General Contractor
-
Custom Closets & Interiors Interior Design Home Decor Store
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
Bbgrealestate Hampton Roads LLC · 6 yrs held
Bbgrealestate Hampton Roads LLC
since 2019
5 recorded transactions
Zoning & alternative use
IL · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
—
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
$5,345
Tax year 2023
Assessed value
$368,790
Assessed 2023
Previous assessed
$368,790
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$121,200
Assessed improvement
$247,590
Land market value
$121,200
Improvement market value
$247,590
Total market value
$368,790
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1999
Heating
OTHER
Cooling
YES
Stories
1
Total area
8,000 SF
Lot
0.81 ac (35,196 SF)
Zoning code
IL
APN
0572-0500
UPID
US87-1063082
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
IL · Portsmouth, VA
Zoning IL · permitted uses
IL · 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.
Building & site characteristics
From public records
Year built
1999
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Bbgrealestate Hampton Roads LLC
Entity
Mailing address
6805 SCHOOL AVE, HENRICO, VA 23228-4919
Ownership since
2019
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
Sep 25, 2019
$1,500,000
Bbgrealestate Hampton Roads LLC
Commercial Building Associates LLC
Special Warranty Deed
$1,445,000 · South State Bank
Feb 6, 2018
—
Copmmercial Bldg Associates Ll
—
Grant Deed
related
$1,300,000 · Towne Bk
Jul 27, 2010
—
Commercial Building Assocs LLC
—
Deed Of Trust
related
$2,500,000 · Towne Bank
Apr 28, 2005
—
Zoots Corporation
—
Deed Of Trust
related
$13,500,000 · Newstar Financial
—
—
Commercial Bldg Assocs LLC
—
Loan Modification
related
$300,000 · Towne Bk
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.
Try Rey
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