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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Investment properties
467 Ct St Portsmouth, VA 23704-3603
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-1072744
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1935
Construction
BRICK
Total area
18,160 SF
Lot
0.1 ac (4,356 SF)
Zoning code
T5
APN
0006-0900
UPID
US87-1072744
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
-
Olde Towne Public House Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$930k
Blend (final)
Blend
$945k
Owner & transaction history
Court Street Entertainment LLC · 5 yrs held
Court Street Entertainment LLC
since 2020
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
T5 · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The T5 sub-district contains a higher density mix of uses with primarily retail space permitted on the ground floor.
Zone name
Urban Center
General category
COMMERCIAL
Zone area
45.97 ac
Source
Realmo
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
$990,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,085,000
Current use
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $625k (Oct 9 2020)
Last sale anchor
$625k
Oct 9 2020
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
$52 / 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
$11,292
Tax year 2023
Assessed value
$870,530
Assessed 2023
Previous assessed
$870,530
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$123,400
Assessed improvement
$747,130
Land market value
$123,400
Improvement market value
$747,130
Total market value
$870,530
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1935
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
4
Bathrooms
9
Total area
18,160 SF
Lot
0.1 ac (4,356 SF)
Zoning code
T5
APN
0006-0900
UPID
US87-1072744
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
T5 · Portsmouth, VAZoning T5 · permitted uses
T5 · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The T5 sub-district contains a higher density mix of uses with primarily retail space permitted on the ground floor.
Zone name
Urban Center
General category
COMMERCIAL
Zone area
45.97 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
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
1935
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
9
Lot
0.1 ac
Current owner
From public records · entity-resolved
Court Street Entertainment LLC
Entity
Mailing address
3113 RIVEREDGE DR, PORTSMOUTH, VA 23703-4307
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
—
Court Street Entertainment LLC
—
Deed
related
$807,000 · Truist Bank
Oct 9, 2020
$885,000
Court Street Entertainment LLC
467 Court Street LLC
Grant Deed
related
$575,250 · Select Bk
May 15, 2017
$625,000
467 Court Street LLC
Cjn Real Estate Holdings LLC
Grant Deed
—
Oct 27, 2016
$568,000
Cjn Real Estate Holdings LLC
Southeastern Va Properties LLC
Grant Deed
related
—
Aug 26, 2015
$610,000
Southeastern Va Properties LLC
Barclay,robert C IV|chaskat LLC
Trustees Deed
—
Apr 23, 2014
—
Chaskat LLC
—
Trustees Deed
related
$44,183 · Sysco Hampton Roads INC
Apr 7, 2014
—
Chaskat LLC
—
Trustees Deed
related
$8,396 · Harold E Bell
Mar 12, 2013
—
Chaskat LLC
—
Trustees Deed
related
$15,000 · Bell & Vaiden PC
Jan 12, 2005
$550,000
Chaskat LLC
Portsmouth Naval Lodge
Grant Deed
related
$400,000 · Towne Bank
—
—
Chaskat LLC
—
Deed Of Trust
related
$525,000 · Towne Bank
—
—
Chaskat LLC
—
Loan Modification
related
$15,000 · Harold E Bell
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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