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Property profile & analytics
OFF-MARKET
Commercial real estate

4028 Cedar Ln Portsmouth, VA 23703

0.62 ac lot
Property ID
US87-0020515
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 0.62 ac (27,007 SF)
UPID US87-0020515
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
  • Med 1 Ambulance Service
  • American Lifeline Medical Transport Inc Corporate Office
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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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