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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Grocery and convenience stores
5000 George Washington Hwy Portsmouth, VA 23702-2602
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-1333718
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1981
Construction
BRICK
Total area
2,520 SF
Lot
0.48 ac (20,909 SF)
Zoning code
GMU
APN
0452-0011
UPID
US87-1333718
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
-
Citibank ATM Atm
-
Freedom Food Mart #2 Grocery & Convenience Store
-
Bitcoin Depot | Bitcoin ATM Atm Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Freedom Gw LLC · 2 yrs held
Freedom Gw LLC
since 2024
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,090,000
ML approach
$2,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10% · vs last sale $2.09M (May 13 2024)
Last sale anchor
$2.09M
May 13 2024
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
$829 / 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
$5,715
Tax year 2023
Assessed value
$457,190
Assessed 2023
Previous assessed
$457,190
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$334,940
Assessed improvement
$122,250
Land market value
$334,940
Improvement market value
$122,250
Total market value
$457,190
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1981
Construction
BRICK
Heating
CENTRAL
Cooling
YES
Stories
1
Bathrooms
2
Total area
2,520 SF
Lot
0.48 ac (20,909 SF)
Zoning code
GMU
APN
0452-0011
UPID
US87-1333718
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.
Building & site characteristics
From public records
Year built
1981
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Freedom Gw LLC
Entity
Mailing address
3337 ARBORETUM TRL, CHESAPEAKE, VA 23321-4588
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
$2,090,000
Freedom Gw LLC
Cnc Norport LLC
Special Warranty Deed
$1,200,000 · Atlantic Union Bank
Aug 11, 2021
—
Cnc Norport LLC
—
Deed
related
$870,000 · Wells Fargo Bank NA
Jan 7, 2009
—
New Norport Industrials LLC
—
Deed Of Trust
related
$2,200,000 · Branch Banking & Trust 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.
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