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Property profile & analytics
OFF-MARKET
Office buildings
3523 King St, Portsmouth, VA 23707-3229
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1123205
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Total area
1,864 SF
Lot
0.11 ac (4,879 SF)
Zoning code
URM
APN
0302-0460
UPID
US87-1123205
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Henry L Sadler III · 5 yrs held
Henry L Sadler III
since 2020
7 recorded transactions
Zoning & alternative use
URM · 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
$884
Tax year 2023
Assessed value
$46,250
Assessed 2023
Previous assessed
$46,250
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$30,670
Assessed improvement
$15,580
Land market value
$30,670
Improvement market value
$15,580
Total market value
$46,250
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1938
Heating
OTHER
Cooling
NONE
Stories
1
Bathrooms
1
Total area
1,864 SF
Lot
0.11 ac (4,879 SF)
Zoning code
URM
APN
0302-0460
UPID
US87-1123205
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
URM · Portsmouth, VA
Zoning URM · permitted uses
URM · 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
1938
Heating
OTHER
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Henry L Sadler III
Individual
Free & Clear · 5 yrs held
Mailing address
109 GAINSBOROUGH SQ, CHESAPEAKE, VA 23320-1707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
—
Investsmart LLC
—
Deed
related
$70,000 · Equity Trust Co
Aug 31, 2020
$70,000
Henry L Sadler III
Investmart LLC
Grant Deed
—
Feb 28, 2019
$45,500
Nvestsmart LLC
Wells Fargo Bk NA
Grant Deed
—
Feb 28, 2019
—
Investsmart LLC
—
Deed
related
$65,000 · Richard Grich
Jan 4, 2019
$59,049
Wells Fargo Bk NA
White,samuel I|ward,christopher
Trustees Deed
related
—
—
—
Investsmart LLC
—
Deed Of Trust
related
$65,000 · Richard Grich
—
—
Stanley G Gold
—
Deed Of Trust
related
$48,000 · Towne Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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