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Property profile & analytics
FOR SALE
Warehouses
4025 Seaboard Ct Portsmouth, VA 23701
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US87-3836859
For Sale
1 / 30
$4,945,000
4025 Seaboard Ct, Portsmouth, VA 23701
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
57,028 SF
Lot
3.99 ac (173,587 SF)
Zoning code
IL
APN
0567-0070
UPID
US87-3836859
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
-
MARVA / UMI Stone Building Supply Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.47M
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$4.95M
Owner & transaction history
Christo Holdings LLC · 18 yrs held
Christo Holdings LLC
since 2008
6 recorded transactions
Zoning & alternative use
IL · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.9M
+52.0%
Medical building
$7.0M
+34.9%
Retail stores
$6.8M
+32.3%
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%
$7,010,000
6.5%
$6,470,000
7%
$6,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,170,000
Current use
OFFICE BUILDING
$7,860,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$6,975,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$6,840,000
Change: +32% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,390,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$4.95M
Range $4.45M – $5.44M · ±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
$87 / 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
$56,879
Tax year 2023
Assessed value
$4,449,060
Assessed 2023
Previous assessed
$4,449,060
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$856,590
Assessed improvement
$3,592,470
Land market value
$856,590
Improvement market value
$3,592,470
Total market value
$4,449,060
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2007
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
57,028 SF
Lot
3.99 ac (173,587 SF)
Zoning code
IL
APN
0567-0070
UPID
US87-3836859
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
IL · Portsmouth, VA
Zoning IL · permitted uses
IL · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.0M
RETAIL STORES
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2007
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
3.99 ac
Current owner
From public records · entity-resolved
Christo Holdings LLC
Entity
Mailing address
3872 WEATHERBURY PL, MOSELEY, VA 23120-1046
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2018
—
Christo Holdings LLC A Virginia Lim
—
Deed
related
$3,000,000 · Fulton Bank NA
May 14, 2008
$5,326,037
Christo Holdings LLC
Wp Two LLC
Deed Of Trust
$5,040,000 · B B & T Mortgage
Dec 8, 2005
—
Wp One LLC & Wp Two LLC
—
Deed Of Trust
related
$3,420,000 · Private Lender
Jan 11, 2005
$730,000
Wp Two LLC
Csx Transportation INC
Warranty Deed
$730,000 · Northstar Funding
—
—
Wp Two LLC
—
Deed Of Trust
related
$350,000 · Towne Bank
—
—
Wp Two LLC
—
Deed Of Trust
related
$250,000 · B B & T Mortgage
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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