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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Medical Office Space
3603 County St Portsmouth, VA 23707-3103
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-0708083
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
FRAME
Total area
9,893 SF
Lot
1.13 ac (49,005 SF)
Zoning code
URM
APN
0302-1140
UPID
US87-0708083
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
-
Impact Mental Health Services Crisis Center Medical Clinic
-
Dr. Mark A. Pavilack, MD Physician
-
Dr. Leonard A. Rappaport, MD Ophthalmologist
-
Gillam Kim MD Physician
-
Dr. Mark J. Iacobucci, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.29M
Owner & transaction history
Genesis Hm Ln · 8 yrs held
Genesis Hm Ln
since 2017
5 recorded transactions
Zoning & alternative use
URM · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+12.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,210,000
Current use
OFFICE BUILDING
$1,365,000
Change: +13% · Conversion: Easy
RETAIL STORES
$1,185,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10%
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
$130 / 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
$14,067
Tax year 2023
Assessed value
$926,960
Assessed 2023
Previous assessed
$926,960
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$245,490
Assessed improvement
$681,470
Land market value
$245,490
Improvement market value
$681,470
Total market value
$926,960
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Stories
2
Bathrooms
7
Total area
9,893 SF
Lot
1.13 ac (49,005 SF)
Zoning code
URM
APN
0302-1140
UPID
US87-0708083
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
URM · Portsmouth, VAZoning URM · permitted uses
URM · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
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
1989
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
7
Lot
1.13 ac
Current owner
From public records · entity-resolved
Genesis Hm Ln
Individual
Mailing address
3603 COUNTY ST, PORTSMOUTH, VA 23707-3103
Ownership since
2017
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
Apr 12, 2022
—
Genesis Wm LLC
—
Deed
related
$155,500 · Truist Bank
Nov 23, 2020
—
Genesis Wm LLC
—
Deed
related
$515,000 · Truist Bk
Oct 13, 2017
$445,000
Genesis Hm Ln
3603 County LLC
Grant Deed
related
$510,000 · Branch Bk&tr
Sep 13, 2012
—
3603 County LLC
Southeast Virginia Cmnty Foun
Grant Deed
related
$225,000 · Towne Bank
—
—
Genesis Wm LLC
—
Deed Of Trust
related
$515,000 · Truist 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.
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