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    4028 Cedar Ln Portsmouth, VA 23703
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    Property profile & analytics

    4028 Cedar Ln, Portsmouth, VA 23703

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    • Commercial real estate
    • 0.62 lot acres
    Off-Market
    Property ID
    US87-0020515
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Med 1 / Ambulance Service
    • American Lifeline Medical Transport Inc / Corporate Office

    Property Details for 4028 Cedar Ln

    Lot size
    0.62 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.62-acre parcel of land presents a unique investment opportunity in the desirable city of Portsmouth, Virginia. Located at 4028 Cedar Lane, this property offers significant potential for a variety of development projects. The expansive lot provides ample space for creative design and construction, catering to diverse needs and visions. Its location within Portsmouth offers convenient access to local amenities, transportation routes, and a vibrant community. The property's zoning classification (not specified in provided data) will need to be verified by the prospective buyer to determine allowable uses. This is a blank canvas for a developer or investor seeking to capitalize on the growing real estate market in this area. The asking price of $250,000 represents a compelling entry point into the Portsmouth market, offering a strong return on investment potential. Serious inquiries are encouraged to explore the possibilities this property offers. Due diligence is recommended to confirm all aspects of the property's suitability for intended use. The absence of square footage information in the provided data highlights the flexibility this land offers for custom development. This is an exceptional opportunity to acquire a substantial piece of land in a thriving Virginia city. Act quickly, as properties of this size and potential are rarely available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    PORTSMOUTH
    State
    Virginia
    Longitude
    -76.37842
    Latitude
    36.87826

    Comparable in this City

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      Office space available for purchase in Portsmouth, Virginia.
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      Retail Space on Corner Lot

      Retail space for rent on a signalized corner lot.
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    • $49,999
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      Vacant Land in Siesta Gardens

      Wooded 0.418-acre lot backing to creek and school.
      5302 High St, Portsmouth, VA 23703
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      Brewery and Retail Facility

      Mixed-use facility combining brewery operations and retail tenants with prominent monument signage and active property management.
      3200 Academy Ave, Portsmouth, VA 23703
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    Similar Nearby for Sale

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      Land Ideal for Office/Retail

      Commercial land with immediate access to major routes.
      3509 Towne Point Rd, Portsmouth, VA 23703
      View Details
    • Contact for pricing
      1,657 SF

      Portsmouth Office Space For Sale

      Office space available for purchase in Portsmouth, Virginia.
      5680 Churchland Blvd, Portsmouth, VA 23703
      View Details
    • Contact for pricing
      1,225 SF

      Retail Space on Corner Lot

      Retail space for rent on a signalized corner lot.
      3546-3590 Towne Point Rd, Portsmouth, VA 23703
      View Details
    • $49,999
      0.42 Acres

      Vacant Land in Siesta Gardens

      Wooded 0.418-acre lot backing to creek and school.
      5302 High St, Portsmouth, VA 23703
      View Details
    • Contact for pricing

      Brewery and Retail Facility

      Mixed-use facility combining brewery operations and retail tenants with prominent monument signage and active property management.
      3200 Academy Ave, Portsmouth, VA 23703
      View Details

    Similar Nearby for Lease

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      Food Lion Anchored Retail Center

      Active shopping center with grocery, fashion, medical, and restaurant tenants.
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      Industrial Space Available For Rent

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      Flex Development Near Interstate I-664

      Proposed flex development with dock and grade loading near I-664.
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      Class A Office Building

      60,000 SF Class A office building for rent.
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      High-Visibility Retail Opportunity

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      Land for Lease Portsmouth

      Land available for lease in Portsmouth, Virginia.
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    4028 Cedar Ln
    Portsmouth, VA 23703
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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