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Property profile & analytics
OFF-MARKET
Shopping centers
3525 Towne Pt Rd Portsmouth, VA 23703-3056
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US87-3981784
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
2018
Total area
10,146 SF
Lot
0.99 ac (43,124 SF)
Zoning code
NMU
APN
0833-0023
UPID
US87-3981784
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
-
Shellac Nails Nail Salon
-
Bitcoin ATM Portsmouth - Coinhub Atm Currency Exchange Service
-
aBrookeBrow Beauty Academy Medical Clinic Skin Care Clinic
-
Jacky Chen Restaurant Restaurant
-
Wash King Laundromat (Bike/Boat/Book/etc) 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
Tnb LLC · 20 yrs held
Tnb LLC
since 2005
7 recorded transactions
Zoning & alternative use
NMU · 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
$20,824
Tax year 2023
Assessed value
$1,482,620
Assessed 2023
Previous assessed
$1,482,620
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$461,400
Assessed improvement
$1,021,220
Land market value
$461,400
Improvement market value
$1,021,220
Total market value
$1,482,620
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
2018
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Total area
10,146 SF
Lot
0.99 ac (43,124 SF)
Zoning code
NMU
APN
0833-0023
UPID
US87-3981784
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
NMU · Portsmouth, VA
Zoning NMU · permitted uses
NMU · 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
2018
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Tnb LLC
Entity
Mailing address
PO BOX 16442, CHESAPEAKE, VA 23328-6442
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
Tnb LLC
—
Deed
related
$1,560,000 · Select Bk
Jul 13, 2018
—
Tnb LLC
—
Deed
related
$1,608,557 · Towne Bk
Sep 11, 2017
—
Tnb LLC
—
Grant Deed
related
$1,526,215 · Townbank
Oct 21, 2005
$335,100
Tnb LLC
Exxon Mobil Corp
Grant Deed
related
$284,750 · Resource Bank
—
—
Tnb LLC
—
Deed Of Trust
related
$249,900 · Towne Bank
—
—
Tnb LLC
—
Deed Of Trust
related
$284,750 · Monarch Bank
—
—
Tnb LLC
—
Loan Modification
related
$1,608,557 · Towne Bk
—
—
Tnb LLC
—
Deed Of Trust
related
$1,560,000 · Select 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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