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Property profile & analytics
OFF-MARKET
Retail residential properties
500 High St Portsmouth, VA 23704-3516
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-0310681
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Construction
BRICK
Total area
4,148 SF
Lot
0.05 ac (2,265 SF)
Zoning code
T5
APN
0012-0970
UPID
US87-0310681
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
-
Baron's Pub & Restaurant Bar & Pub
-
Ison Distribution Services LLC Warehouse & Storage
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
159 East Washington Street LLC · 7 yrs held
159 East Washington Street LLC
since 2019
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,329
Tax year 2023
Assessed value
$554,190
Assessed 2023
Previous assessed
$554,190
+0.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$68,710
Assessed improvement
$485,480
Land market value
$68,710
Improvement market value
$485,480
Total market value
$554,190
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1910
Construction
BRICK
Heating
CENTRAL
Cooling
YES
Stories
2
Bathrooms
4
Total area
4,148 SF
Lot
0.05 ac (2,265 SF)
Zoning code
T5
APN
0012-0970
UPID
US87-0310681
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
Building & site characteristics
From public records
Year built
1910
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
159 East Washington Street LLC
Entity
Mailing address
500 HIGH ST, PORTSMOUTH, VA 23704-3516
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2019
—
159 East Washington Street LLC
—
Deed
related
$840,000 · Union Bk&tr
—
—
159 East Washington Street LLC
—
Deed Of Trust
related
$840,000 · Union Bk&tr
—
—
159 East Washington Street LLC
—
Deed Of Trust
related
$1,004,000 · Bank Of Commonwealth
—
—
Mcghillen Enterprises
—
Deed Of Trust
related
$675,000 · Bank Of Hampton Roads
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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