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    5559 Portsmouth Blvd Portsmouth, VA 23701-1832

    • Shopping centers
    • 15,587 SF
    • 3.29 lot acres
    OFF-MARKET
    Value Estimation
    $4,780,000
    Last Sale
    Aug 07, 2023
    $5,200,000
    Location Intelligence
    Property ID
    US87-0939541
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Loan Till Payday Online / Loan Agency

    Property Details for 5559 Portsmouth Blvd

    Year built
    1990
    Construction
    LIGHT FRAME
    Lot size
    3.29 lot acres
    Property size
    15,587 SF
    Zone code
    GMU
    Property type
    Shopping centers
    Property subtype
    Specialty properties
    APN
    0446-0152
    APU
    4460152

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,030,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,055,000
      6.5%
      $5,810,000
      7%
      $4,800,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,025,000
      Geo Method
      $5,650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,630,000
      Retail
      $6,080,000
      Mixed-Use
      $6,060,000
      Hospitality
      $6,135,000
      Educational
      $4,745,000
      Residential Income
      $5,175,000
      Energy
      $6,200,000
      Income-Based Land
      $5,710,000
      Food Service
      $6,525,000

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3782
    Latitude
    36.8175
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,754
    $382,010
    $878,349
    $1,260,359
    -
    $382,010
    $878,349
    $1,260,359

    Comparable in this City

    • Value Estimation by Request
      100,432 SF

      3108 Airline Blvd

      SHOPPING CENTER COMMON AREA • 100,432 SF
      3108 Airline Blvd, Portsmouth, VA 23701-2710
      View Details
    • Value Estimation by Request
      17,710 SF

      4216 Portsmouth Blvd

      SHOPPING CENTER COMMON AREA • 17,710 SF
      4216 Portsmouth Blvd, Portsmouth, VA 23701-2531
      View Details
    • Value Estimation
      $410,000
      3,000 SF

      3245 Portsmouth Blvd

      SHOPPING CENTER COMMON AREA • 3,000 SF
      3245 Portsmouth Blvd, Portsmouth, VA 23701-3014
      View Details
    • Value Estimation
      $5,685,000
      4,835 SF

      5606 Portsmouth Blvd

      SHOPPING CENTER COMMON AREA • 4,835 SF
      5606 Portsmouth Blvd, Portsmouth, VA 23701-1835
      View Details
    • Value Estimation by Request
      48,909 SF

      3539 Airline Blvd

      SHOPPING CENTER COMMON AREA • 48,909 SF
      3539 Airline Blvd, Portsmouth, VA 23701-2642
      View Details
    • Value Estimation by Request
      52,156 SF

      2550 Airline Blvd

      SHOPPING CENTER COMMON AREA • 52,156 SF
      2550 Airline Blvd, Portsmouth, VA 23701-2802
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      600 SF

      Retail Space in Elmhurst Square

      Newly renovated retail space in a bustling Portsmouth shopping center.
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      Victory Crossing Retail Space

      Portsmouth, VA Shopping Center Space Available
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    • Contact for pricing
      11,600 SF

      Retail Space in Portsmouth Corridor

      Retail space in Portsmouth's dominant retail corridor, easy access.
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    • $7,900,000
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      Retail Space Near Rivers Casino

      Retail property near new casino and entertainment district for rent.
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    • $22 SF/Yr
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      Retail Space Available For Lease

      Retail space available for lease in Portsmouth, Virginia.
      2850 Airline Blvd, Portsmouth, VA 23701
      View Details
    • $750,000
      1,200 SF

      Retail Space Near Rivers Casino

      Retail property near new casino and entertainment district for rent.
      2830 Airline Blvd, Portsmouth, VA 23701
      View Details
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    5559 Portsmouth Blvd
    Portsmouth, VA 23701-1832
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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