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Property profile & analytics
OFF-MARKET
Estimated value
$3,545,000
Office buildings
3965 Burtons Pt Rd Portsmouth, VA 23704-7106
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-1101125
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
STONE
Total area
5,461 SF
Lot
3.28 ac (142,659 SF)
Zoning code
IN
APN
0387-0130
UPID
US87-1101125
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
-
Accurate Marine Environmental Inc Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
Project Fleet Owner LLC · 4 yrs held
Project Fleet Owner LLC
since 2022
Last sale
$4.9M
4 recorded transactions
Zoning & alternative use
IN · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Opens in a new window Search... Use up/down arrow keys to navigate suggestions, Enter to select, Esc to close. Zoning Ordinance Zoning Permits Zoning Sign Permits Zoning Verification Requests Home Government Departments and Offices Planning Department Zoning Zoning Ordinance Zoning Ordinance The Zoning Ordinance can also be accessed online. Regulations
Zone name
Industrial
General category
INDUSTRIAL
Zone area
1,909.07 ac
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
Blend value · Realmo final
$3.55M
Range $3.19M – $3.90M · ±10% · vs last sale $4.92M (Mar 21 2022)
Last sale anchor
$4.92M
Mar 21 2022
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
$649 / 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
$19,180
Tax year 2023
Assessed value
$966,660
Assessed 2023
Previous assessed
$966,660
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$432,270
Assessed improvement
$534,390
Land market value
$432,270
Improvement market value
$534,390
Total market value
$966,660
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
2002
Construction
STONE
Heating
CENTRAL
Cooling
YES
Stories
2
Bathrooms
2
Total area
5,461 SF
Lot
3.28 ac (142,659 SF)
Zoning code
IN
APN
0387-0130
UPID
US87-1101125
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
IN · Portsmouth, VAZoning IN · permitted uses
IN · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Opens in a new window Search... Use up/down arrow keys to navigate suggestions, Enter to select, Esc to close. Zoning Ordinance Zoning Permits Zoning Sign Permits Zoning Verification Requests Home Government Departments and Offices Planning Department Zoning Zoning Ordinance Zoning Ordinance The Zoning Ordinance can also be accessed online. Regulations
Zone name
Industrial
General category
INDUSTRIAL
Zone area
1,909.07 ac
Building & site characteristics
From public records
Year built
2002
Construction
STONE
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
2
Lot
3.28 ac
Current owner
From public records · entity-resolved
Project Fleet Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
543 E INDIAN RIV RD, NORFOLK, VA 23523-1717
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
$4,923,810
Project Fleet Owner LLC
Accurate Marine Terminals LLC
Special Warranty Deed
—
Mar 29, 2010
—
Accurate Marine Terminals LLC
—
Deed Of Trust
related
$1,200,000 · Branch Banking & Trust Co
—
—
Accurate Marine
—
Deed Of Trust
related
$1,200,000 · Branch Bk&tr
—
—
Accurate Marine Terminals LLC
—
Loan Modification
related
$37,000,000 · Branch Bk&tr
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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