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Property profile & analytics
FOR LEASE
Shopping centers

4020 Victory Blvd Portsmouth, VA 23701

73,004 SF 7.43 ac lot Built 2002
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0306927
Property summary
AI-generated overview

This exceptional 3,500 square foot retail space is located within the vibrant Victory Crossing shopping center in Portsmouth, Virginia. Situated at 4020 Victory Boulevard, zip code 23701, this property offers immediate occupancy in a thriving retail environment. The space is part of a larger 72,800 square foot shopping center featuring a strong tenant mix, including established national retailers Ross Dress for Less and Five Below. This prime location provides excellent visibility and accessibility, ensuring high foot traffic and exposure for your business. The space is currently vacant and ready for immediate lease, presenting a unique opportunity for a variety of retail concepts. The minimum leasable space is 3,500 square feet, and the maximum contiguous space available is also 3,500 square feet. This makes it ideal for a single tenant seeking a prominent location within a successful shopping center. Victory Crossing is situated within the Portsmouth Retail submarket cluster, benefiting from strong demographics and a robust local economy. The property's address is easily accessible and offers ample parking for customers and employees. Don't miss this chance to establish your business in a high-traffic, well-established shopping center. Contact us today to schedule a viewing and learn more about this exciting opportunity.

Property profile
Verified
Property type Shopping centers
Use group SHOPPING CENTER COMMON AREA
Year built 2002
Total area 73,004 SF
Lot 7.43 ac (323,433 SF)
Zoning code GMU
APN 0526-0010
UPID US87-0306927
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
  • AMERICA’S BEST WINGS Restaurant
  • H&R Block Tax Preparation
  • Nail Affair 2 Nail Salon
  • Beauty Xpress Hair Salon Nail Salon
  • Victory African Hair Braid Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.24M
Owner & transaction history
Virginia Alcoholic Beverage Co · 12 yrs held
Virginia Alcoholic Beverage Co
since 2013
6 recorded transactions
2023
Price N/A
2018
Price N/A
2013
Price N/A
2002
$61,790
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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