Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    344 Effingham St Portsmouth, VA 23704-2306

    • Medical offices
    • 1,714 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $135,000
    Last Sale
    Feb 19, 2021
    $110,000
    Location Intelligence
    Property ID
    US87-0620181
    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

    • Sharpe III Isiah R DDS / Dentist

    Property Details for 344 Effingham St

    Year built
    1976
    Construction
    LIGHT FRAME
    Lot size
    0.18 lot acres
    Property size
    1,714 SF
    Zone code
    GMU
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0220-0011
    APU
    2200011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $120,000
      6.5%
      $110,000
      7%
      $115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $115,000
      Geo Method
      $105,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $120,000
      Retail
      $95,000
      Mixed-Use
      $105,000
      Hospitality
      $100,000
      Educational
      $105,000
      Residential Income
      $120,000
      Energy
      $105,000
      Income-Based Land
      $100,000
      Food Service
      $115,000

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.307
    Latitude
    36.8391
    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
    $2,887
    $77,140
    $94,960
    $172,100
    -
    $77,140
    $94,960
    $172,100

    Comparable in this City

    • Value Estimation by Request
      12,507 SF

      446 Effingham St

      MEDICAL BUILDING • 12,507 SF
      446 Effingham St, Portsmouth, VA 23704-3464
      View Details
    • Value Estimation by Request
      8,338 SF

      1221 London Blvd

      MEDICAL BUILDING • 8,338 SF
      1221 London Blvd, Portsmouth, VA 23704-2121
      View Details
    • Value Estimation
      $2,085,000
      10,145 SF

      311 Goode Way

      MEDICAL BUILDING • 10,145 SF
      311 Goode Way, Portsmouth, VA 23704-2265
      View Details
    • Value Estimation
      $225,000
      3,150 SF

      430 Jamestown Ave

      MEDICAL BUILDING • 3,150 SF
      430 Jamestown Ave, Portsmouth, VA 23704-3040
      View Details
    • Value Estimation
      $80,000
      1,830 SF

      1437 Portsmouth Blvd

      MEDICAL BUILDING • 1,830 SF
      1437 Portsmouth Blvd, Portsmouth, VA 23704-6437
      View Details
    • Value Estimation
      $235,000
      12,612 SF

      2000 High St

      MEDICAL BUILDING • 12,612 SF
      2000 High St, Portsmouth, VA 23704-3012
      View Details

    Similar Nearby for Sale

    • $250,000
      1,468 SF

      Portsmouth Medical Office Condo

      Class B medical office, vacant, $250k
      301 Goode Way, Portsmouth, VA 23704
      View Details
    • Contact for pricing
      6,020 SF

      Portsmouth Office Building For Sale

      6,020 SF Office, Prime Location
      301 Columbia St, Portsmouth, VA 23704
      View Details
    • $495,000
      0.95 Acres

      Portsmouth Mixed-Use Commercial Property

      Prime Portsmouth location, high traffic, versatile space.
      3600 George Washington Hwy, Portsmouth, VA 23704
      View Details
    • $295,500
      1,508 SF

      Office Space in Portsmouth, VA

      Office property featuring 1508 square feet of space.
      301 Goode Way, Portsmouth, VA 23704
      View Details
    • $1,700,000
      5.74 Acres

      Prime Portsmouth Industrial Land

      5.74 Acres, $1.7M AS-IS
      1601 Marshall Ave, Portsmouth, VA 23704
      View Details
    • $185,900
      0.11 Acres

      Portsmouth Condo: Prime Investment

      Renovated Condo, Excellent Location
      301 Goode Way, Portsmouth, VA 23704
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      19,930 SF

      Portsmouth Industrial Office Space

      1,575 SF Office Suite Available
      802 Fifth St, Portsmouth, VA 23704
      View Details
    • $14 SF/Yr
      3,611 SF

      Modern Office Space in Portsmouth

      Contemporary office space with modern amenities and convenient location.
      2301 Deep Creek Blvd, Portsmouth, VA 23704
      View Details
    • $18 SF/Yr
      77,324 SF

      Downtown Portsmouth Office Space

      Historic Waterfront Office Building, 6 Suites Available
      355 Crawford St, Portsmouth, VA 23704
      View Details
    • $2,958 /Mo
      9,678 SF

      Historic Olde Towne Office/Retail

      Office or retail space in Historic Olde Towne Portsmouth.
      313 High St, Portsmouth, VA 23704
      View Details
    • $2.00 SF/Yr
      1,000 SF

      Office Space in Portsmouth, VA

      Office space for lease with convenient amenities in Portsmouth, VA.
      446 Effingham St, Portsmouth, VA 23704
      View Details
    • $21 SF/Yr
      3,155 SF

      Prime Portsmouth Executive Office Space

      Prestigious Single-Tenant Office in Portsmouth, VA
      600 Crawford St, Portsmouth, VA 23704
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    344 Effingham St
    Portsmouth, VA 23704-2306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.