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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Apartment buildings
525 Nn St Portsmouth, VA 23704-2512
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-2395191
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1795
Construction
STONE
Total area
4,053 SF
Lot
0.15 ac (6,534 SF)
Zoning code
HR
APN
0014-0680
UPID
US87-2395191
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
$500k
Comparable Approach
Comparable
$543k
Blend (final)
Blend
$515k
Owner & transaction history
525 North Street LLC · 4 yrs held
525 North Street LLC
since 2021
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
HR · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$495,000
+32.1%
Retail stores
$485,000
+29.5%
Office building
$430,000
+14.1%
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%
$540,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$375,000
Current use
MEDICAL BUILDING
$495,000
Change: +32% · Conversion: Moderate
RETAIL STORES
$485,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$430,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$365,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $510k (Dec 13 2021)
Last sale anchor
$510k
Dec 13 2021
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
$127 / 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
$6,654
Tax year 2023
Assessed value
$511,790
Assessed 2023
Previous assessed
$511,790
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$220,480
Assessed improvement
$291,310
Land market value
$220,480
Improvement market value
$291,310
Total market value
$511,790
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1795
Construction
STONE
Heating
CENTRAL
Cooling
YES
Stories
2
Units
5
Bathrooms
8
Total area
4,053 SF
Lot
0.15 ac (6,534 SF)
Zoning code
HR
APN
0014-0680
UPID
US87-2395191
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
HR · Portsmouth, VA
Zoning HR · permitted uses
HR · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$375,000
MEDICAL BUILDING
Est. value
$495,000
RETAIL STORES
Est. value
$485,000
OFFICE BUILDING
Est. value
$430,000
WAREHOUSE, STORAGE
Est. value
$365,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1795
Construction
STONE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
5
Bathrooms
8
Lot
0.15 ac
Current owner
From public records · entity-resolved
525 North Street LLC
Entity
Free & Clear · 4 yrs held
Mailing address
32836 PACIFIC COAST HWY, DANA POINT, CA 92629-3472
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2021
$510,000
525 North Street LLC
William E Bunn III
Warranty Deed
—
Mar 7, 2016
$317,509
William E Bunn III
Southern Bank And Trust Company A N
Special Warranty Deed
$317,509 · Atlantic Bay Mortgage Group LLC
Mar 5, 2015
$405,000
Southern Bk & Trust
Doland Brian O|pezzella Nickolas L III
Trustees Deed
related
—
Jul 6, 2010
$497,500
Nickolas L Pezzella III
Bank Of Commonwealth
Grant Deed
—
Jul 6, 2010
—
Nickolas L Pezzella
—
Deed Of Trust
related
$1,325,000 · Bank Of Commonwealth
Sep 14, 2009
$879,567
Bank Of The Commonwealth
North Street Properties LLC
Deed In Lieu Of Foreclosure
related
—
Mar 29, 2006
$795,000
Street Properties L L C North
Byrd Management L L C
Grant Deed
related
$825,000 · Bank Of Commonwealth
Sep 1, 2004
—
Byrd Management LLC
Wood,william G & Charlotte D
Grant Deed
related
$175,000 · Northstar Funding
—
—
William E Bunn III
—
Deed Of Trust
related
$320,000 · Old Pt Nat'l Bk/phoebus
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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