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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Apartment buildings
332 Mt Vernon Ave Portsmouth, VA 23707-1643
Entity Owned
2-yr Hold
Property ID
US87-3912934
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1924
Construction
BRICK
Total area
7,704 SF
Lot
0.16 ac (6,882 SF)
Zoning code
HR
APN
0144-0510
UPID
US87-3912934
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
$895k
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$925k
Owner & transaction history
332 Mount Vernon Avenue LLC · 2 yrs held
332 Mount Vernon Avenue LLC
since 2023
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
HR · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+45.8%
Medical building
$940,000
+29.5%
Retail stores
$925,000
+26.9%
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
$795,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$730,000
Current use
OFFICE BUILDING
$1,060,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$940,000
Change: +29% · Conversion: Moderate
RETAIL STORES
$925,000
Change: +27% · Conversion: Difficult
WAREHOUSE, STORAGE
$700,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $1.03M (Dec 20 2023)
Last sale anchor
$1.03M
Dec 20 2023
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
$120 / 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
$9,657
Tax year 2023
Assessed value
$752,010
Assessed 2023
Previous assessed
$752,010
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$216,000
Assessed improvement
$536,010
Land market value
$216,000
Improvement market value
$536,010
Total market value
$752,010
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1924
Construction
BRICK
Heating
HOT WATER
Cooling
NONE
Stories
3
Units
12
Bathrooms
11
Total area
7,704 SF
Lot
0.16 ac (6,882 SF)
Zoning code
HR
APN
0144-0510
UPID
US87-3912934
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
HR · Portsmouth, VA
Zoning HR · permitted uses
HR · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$730,000
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$940,000
RETAIL STORES
Est. value
$925,000
WAREHOUSE, STORAGE
Est. value
$700,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1924
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
12
Bathrooms
11
Lot
0.16 ac
Current owner
From public records · entity-resolved
332 Mount Vernon Avenue LLC
Entity
Mailing address
PO BOX 14366, NORFOLK, VA 23518-0366
Ownership since
2023
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 20, 2023
$1,025,000
332 Mount Vernon Avenue LLC
Seabadger Properties Portsmouth LLC
Warranty Deed
$750,000 · 1st Advantage Federal Credit Union
Jan 30, 2023
—
Seabadger Properties Portsmouth LLC
Seabadger Properties Portsmouth LLC
Intrafamily Transfer
related
—
Oct 9, 2020
$745,000
Chonsky Properties LLC
Cji-city Wide Properties LLC
Grant Deed
$584,000 · Abnb FCU
Aug 16, 2017
$395,000
Cji-citywide Properties LLC
322 Mt Vernon LLC
Grant Deed
$300,000 · Barclay Robert C IV (te)
—
—
Cji-citywide Properties LLC
—
Deed Of Trust
related
$50,000 · Paul M Gottlieb
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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