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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Warehouses
4711 George Washington Hwy Portsmouth, VA 23702-2407
Individually Owned
9-yr Hold
Free & Clear
Property ID
US87-0692377
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1946
Total area
6,552 SF
Lot
0.42 ac (18,382 SF)
Zoning code
NMU
APN
0407-0770
UPID
US87-0692377
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
-
Brenda's Good Buy Shop Home Decor Store (Bike/Boat/Book/etc) Store
-
Mecca Supreme Council Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$540k
Owner & transaction history
Maurice J Wiggins · 9 yrs held
Maurice J Wiggins
since 2017
1 recorded transaction
Zoning & alternative use
NMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$800,000
+34.9%
Retail stores
$785,000
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$595,000
Current use
MEDICAL BUILDING
$800,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$785,000
Change: +32% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$560,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$82 / 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
$6,175
Tax year 2023
Assessed value
$399,610
Assessed 2023
Previous assessed
$399,610
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$234,820
Assessed improvement
$164,790
Land market value
$234,820
Improvement market value
$164,790
Total market value
$399,610
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1946
Heating
OTHER
Cooling
YES
Stories
1
Bathrooms
2
Total area
6,552 SF
Lot
0.42 ac (18,382 SF)
Zoning code
NMU
APN
0407-0770
UPID
US87-0692377
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
NMU · Portsmouth, VA
Zoning NMU · permitted uses
NMU · 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
$595,000
MEDICAL BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$560,000
WAREHOUSE, STORAGE Current
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
1946
Heating
OTHER
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Maurice J Wiggins
Individual
Free & Clear · 9 yrs held
Mailing address
200 W INDIAN RIV RD, NORFOLK, VA 23523-1128
Ownership since
2017
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
Mar 3, 2017
$195,000
Maurice J Wiggins
Roeske,karen L
Grant Deed
—
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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