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Property profile & analytics
OFF-MARKET
Gas stations
501 Wavy St Portsmouth, VA 23704
Individually Owned
Absentee Owner
Free & Clear
Property ID
US87-0610100
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1988
Construction
BRICK
Total area
192 SF
Lot
0.12 ac (5,271 SF)
Zoning code
SD
APN
0043-0050
UPID
US87-0610100
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
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
CITY PORTSMOUTH
CITY PORTSMOUTH
Zoning & alternative use
SD · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The SD sub district is a low intensity, limited industrial mixed use district. This sub district is intended to provide employment with mixed uses, including manufacturing, distribution and warehousing, as well as civic uses and retail uses.
Zone name
Special District
General category
MIXED_USE
Zone area
67.71 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
$171
Tax year 2023
Assessed value
$143,430
Assessed 2023
Previous assessed
$143,430
+0.0% YoY
Effective rate
0.12%
On assessed value
Assessed land
$49,840
Assessed improvement
$93,590
Land market value
$49,840
Improvement market value
$93,590
Total market value
$143,430
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
NONE
Cooling
NONE
Stories
1
Total area
192 SF
Lot
0.12 ac (5,271 SF)
Zoning code
SD
APN
0043-0050
UPID
US87-0610100
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
SD · Portsmouth, VAZoning SD · permitted uses
SD · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The SD sub district is a low intensity, limited industrial mixed use district. This sub district is intended to provide employment with mixed uses, including manufacturing, distribution and warehousing, as well as civic uses and retail uses.
Zone name
Special District
General category
MIXED_USE
Zone area
67.71 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
CITY PORTSMOUTH
Individual
Free & Clear · 0 yrs held
Mailing address
801 CRAWFORD ST, PORTSMOUTH, VA 23704-3822
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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