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Property profile & analytics
OFF-MARKET
Office buildings

500 Washington St Portsmouth, VA 23704-3508

5,912 SF 0.16 ac lot Built 1988
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US87-1244291
Property summary
AI-generated overview

This vibrant Portsmouth, Virginia office space at 500 Washington St, zip code 23704, offers a diverse range of flexible work solutions. The property features eight individual office spaces, perfect for startups, small businesses, or remote workers seeking a professional environment. Space sizes vary, ranging from a compact 145 square feet to a more substantial 2,911 square feet, catering to a variety of needs and budgets. The building offers a shared breakroom, fostering collaboration and community among tenants. The location is in the desirable Downtown Portsmouth submarket, providing easy access to local amenities and transportation. This is an excellent opportunity to secure a well-appointed office space in a thriving urban setting. The property type is classified as a creative office and coworking space, suitable for businesses seeking a modern and inspiring workspace. Multiple tenancies are available, allowing for scalability and flexibility to accommodate growing businesses. The address is conveniently located at 500 Washington Street, Portsmouth, VA 23704, with GPS coordinates 36.8350631 latitude and -76.3041589 longitude. This property presents a unique chance to establish a presence in a dynamic and up-and-coming area. Inquire today to learn more about available spaces and lease terms.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Construction BRICK
Total area 5,912 SF
Lot 0.16 ac (6,795 SF)
Zoning code T5
APN 0025-0150
UPID US87-1244291
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
  • Medcare Weight Loss Therapy Weight Loss Service
  • Seek Your Serenity Counseling Center LLC Medical Clinic
  • CJ Counseling and Consulting Services Foster Care Service Social Service Agency
  • Healing Journey Center for Wellness Counselor
  • Diversified Counseling & Assessment Counselor
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
Wdg LLC · 4 yrs held
Wdg LLC
since 2021
Last sale
$375,000
5 recorded transactions
2025
Price N/A
2021
$375,000
2018
Price N/A
2012
$290,000
1969
Price N/A
Zoning & alternative use
T5 · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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