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Property profile & analytics
OFF-MARKET
Individual retail properties
3709 Victory Blvd Portsmouth, VA 23701-3443
Trust Owned
Free & Clear
Property ID
US87-0850072
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Year built
1967
Construction
BRICK
Total area
1,682 SF
Lot
1.29 ac (56,410 SF)
Zoning code
GMU
APN
0529-0011
UPID
US87-0850072
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
-
Portsmouth Discount Tires (Bike/Boat/Book/etc) Store Auto Parts 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
Shahin Hamraz Revocable Trust
Shahin Hamraz Revocable Trust
since 2026
7 recorded transactions
Zoning & alternative use
GMU · 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
$10,856
Tax year 2023
Assessed value
$457,550
Assessed 2023
Previous assessed
$457,550
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$402,520
Assessed improvement
$55,030
Land market value
$402,520
Improvement market value
$55,030
Total market value
$457,550
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
Individual retail properties
Use group
APPLIANCE STORE
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
2
Total area
1,682 SF
Lot
1.29 ac (56,410 SF)
Zoning code
GMU
APN
0529-0011
UPID
US87-0850072
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
GMU · Portsmouth, VA
Zoning GMU · permitted uses
GMU · 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
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Shahin Hamraz Revocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
5208 REGATTA POINTE RD, SUFFOLK, VA 23435-3520
Ownership since
2026
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
Mar 3, 2026
—
Shahin Hamraz Revocable Trust
Shahin Hamraz
Deed
related
—
Jan 26, 2018
$700,000
Shahin Hamraz
Financial Busn Aid INC
Grant Deed
$600,000 · Financial Busn Aid
Jan 9, 2015
$64,000
Palm National Partners Lc
Reid Trevor B|patel,kiran & Manjula
Trustees Deed
related
—
Dec 5, 2014
$445,000
Financial Busn Aid INC
Rawls Frank M|patel,kiran & Manjula
Trustees Deed
related
—
Feb 14, 2014
—
Kiran Patel
—
Trustees Deed
related
$115,522 · Palm Nat'l Partners LLC
Sep 2, 2010
—
Kiran Patel
Virginia Electric & Power Co
Quit Claim Deed
related
—
—
—
Kiran Patel
—
Deed Of Trust
related
$450,000 · Financial Busn Aid
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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