Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,130,000
Warehouses
426 Elm Ave Portsmouth, VA 23704-3308
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-0757165
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
FRAME
Total area
90,630 SF
Lot
4.92 ac (214,315 SF)
Zoning code
GMU
APN
0040-0090
UPID
US87-0757165
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
-
AAAA Self Storage & Moving Storage Facility
-
Aquaserv Inc General Contractor
-
TheJenkinsGroup757 Freight Service Logistics Company
-
Marshall School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.28M
Comparable Approach
Comparable
$10.37M
Blend (final)
Blend
$10.13M
Owner & transaction history
Tidewater Group LLC
Tidewater Group LLC
1 recorded transaction
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.1M
+34.9%
Retail stores
$10.9M
+32.3%
Office building
$9.6M
+16.5%
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%
$14,390,000
6.5%
$13,280,000
7%
$12,335,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,215,000
Current use
MEDICAL BUILDING
$11,085,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$10,870,000
Change: +32% · Conversion: Moderate
OFFICE BUILDING
$9,575,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,395,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$10.13M
Range $9.12M – $11.14M · ±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
$112 / 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
$82,620
Tax year 2023
Assessed value
$5,214,250
Assessed 2023
Previous assessed
$5,214,250
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$1,143,580
Assessed improvement
$4,070,670
Land market value
$1,143,580
Improvement market value
$4,070,670
Total market value
$5,214,250
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
90,630 SF
Lot
4.92 ac (214,315 SF)
Zoning code
GMU
APN
0040-0090
UPID
US87-0757165
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
$8.2M
MEDICAL BUILDING
Est. value
$11.1M
RETAIL STORES
Est. value
$10.9M
OFFICE BUILDING
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1977
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
4.92 ac
Current owner
From public records · entity-resolved
Tidewater Group LLC
Entity
Mailing address
819 W LITTLE CRK RD, NORFOLK, VA 23505-2003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Tidewater Group LLC
—
Deed Of Trust
related
$430,000 · The Nicholson Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 426 Elm Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
