3501 Commerce St Portsmouth, VA 23707-1358
Property profile & analytics
3501 Commerce St, Portsmouth, VA 23707-1358
- Apartment buildings
- 14,400 SF
- 1.52 lot acres
Property ID
US87-3847916
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.
Location Intelligence
Current Use by Public Records
- Parker lawn care / Landscaping / General Contractor
Property Details for 3501 Commerce St
- Year built
- 1964
- Construction
- BRICK
- Lot size
- 1.52 lot acres
- Zone code
- URM
- Property type
- Apartment buildings
- APN
- 0372-0010
- APU
- 3720010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 28, 2020 | $1,075,000 | Florence Cove LLC | Skyler Cove Apartments LLC | Grant Deed | $860k · Virginia Cmnwlt Bk |
| Mar 16, 2015 | $950,000 | Skyler Cove Apartments LLC | Golden Gate Properties LLC | Special Warranty Deed | $750k · Union Bank And Trust Company |
| Jun 7, 2006 | $1,050,000 | Michael L Roman | Walton Enterprises INC | Grant Deed | $621k · Farmers Bank |
| — | — | Michael L Roman | — | Loan Modification · related | $40k · Rrances Williams |
| — | — | Golden Gate Properties | — | Deed Of Trust · related | $888k · Farmers Bank |
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,705,000
- ML approach
- $1,740,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,920,000
- 6.5%
- $1,775,000
- 7%
- $1,645,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,345,000
- AI Estimate
- $942,000
Market price range: $844k - $1.88MMarket price range: $731k - $1.24M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,360,000 Current use
- OFFICE BUILDING
- $1,985,000 Change: +46% Conversion: Moderate
- MEDICAL BUILDING
- $1,760,000 Change: +29% Conversion: Moderate
- RETAIL STORES
- $1,725,000 Change: +27% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,305,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Portsmouth City
- State
- Virginia
- Longitude
- -76.344
- Latitude
- 36.84
- 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
$16,940
$324,000
$861,600
$1,185,600
-
$324,000
$861,600
$1,185,600
