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Property profile & analytics
OFF-MARKET
Retail residential properties
401 Mt Vernon Ave Portsmouth, VA 23707-2014
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0736625
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Construction
FRAME
Total area
3,480 SF
Lot
0.08 ac (3,485 SF)
Zoning code
HLB
APN
0146-0290
UPID
US87-0736625
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
Kingdom Restoration And Constructio · 1 yrs held
Kingdom Restoration And Constructio
since 2025
2 recorded transactions
Zoning & alternative use
HLB · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HLB sub district is generally intended for commercial uses with, along with limited residential, and institutional uses.
Zone name
Historic Limited Business
General category
CIVIC_INSTITUTIONAL
Zone area
11.32 ac
Source
Realmo
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
$2,273
Tax year 2023
Assessed value
$165,410
Assessed 2023
Previous assessed
$165,410
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$41,050
Assessed improvement
$124,360
Land market value
$41,050
Improvement market value
$124,360
Total market value
$165,410
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
OTHER
Cooling
NONE
Stories
2
Bathrooms
3
Total area
3,480 SF
Lot
0.08 ac (3,485 SF)
Zoning code
HLB
APN
0146-0290
UPID
US87-0736625
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
HLB · Portsmouth, VAZoning HLB · permitted uses
HLB · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HLB sub district is generally intended for commercial uses with, along with limited residential, and institutional uses.
Zone name
Historic Limited Business
General category
CIVIC_INSTITUTIONAL
Zone area
11.32 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Kingdom Restoration And Constructio
Individual
Mailing address
451 FLORIDA AVE, PORTSMOUTH, VA 23707-1946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
$50,000
Kingdom Restoration And Constructio
William Skillman
Bargain & Sale Deed
$260,425 · Bamb LLC
—
—
William R Skillman
—
Deed Of Trust
related
$19,600 · Us Small Business Admn
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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