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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Warehouses
4244 Portsmouth Blvd Portsmouth, VA 23701-2531
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1296771
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
6,173 SF
Lot
0.55 ac (24,045 SF)
Zoning code
GMU
APN
0344-0060
UPID
US87-1296771
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
-
Bargain Tire Outlet (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$769k
Blend (final)
Blend
$695k
Owner & transaction history
D H E One LLC · 1 yrs held
D H E One LLC
since 2024
6 recorded transactions
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$850,000
+52.0%
Medical building
$755,000
+34.9%
Retail stores
$740,000
+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%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$560,000
Current use
OFFICE BUILDING
$850,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +32% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$585,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$113 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,702
Tax year 2024
Assessed value
$870,050
Assessed 2024
Previous assessed
$870,050
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$311,700
Assessed improvement
$558,350
Land market value
$311,700
Improvement market value
$558,350
Total market value
$870,050
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
Off-Market
Year built
2006
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
6,173 SF
Lot
0.55 ac (24,045 SF)
Zoning code
GMU
APN
0344-0060
UPID
US87-1296771
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
GMU · Portsmouth, VA
Zoning GMU · permitted uses
GMU · 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
$560,000
OFFICE BUILDING
Est. value
$850,000
MEDICAL BUILDING
Est. value
$755,000
RETAIL STORES
Est. value
$740,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$585,000
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
2006
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
D H E One LLC
Entity
Mailing address
1422 HAWICK TER, CHESAPEAKE, VA 23322-7445
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 15, 2024
—
D H E One LLC
Dennis H Elks
Deed
related
—
Oct 28, 2024
—
Dennis H Elks
D H E One LLC
Deed
—
Aug 6, 2021
—
Dhe One LLC
—
Deed
related
$139,000 · 3rd Party Individual
—
—
D H E One LLC
—
Deed Of Trust
related
$433,000 · Suntrust Bank NA
—
—
Dhe One LLC
—
Deed Of Trust
related
$450,000 · Private Lender
—
—
Dhe One LLC
—
Deed Of Trust
related
$450,000 · Private Lender
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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