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Property profile & analytics
OFF-MARKET
Estimated value
$5,710,000
Shopping centers
5606 Portsmouth Blvd Portsmouth, VA 23701-1835
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0894847
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1983
Total area
4,835 SF
Lot
0.2 ac (8,756 SF)
Zoning code
NMU
APN
0426-0011
UPID
US87-0894847
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
$5.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.71M
Owner & transaction history
Dk Elmhurst LLC · 3 yrs held
Dk Elmhurst LLC
since 2022
Last sale
$6.5M
5 recorded transactions
Zoning & alternative use
NMU · 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
$4,710,000
ML approach
$5,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.71M
Range $5.14M – $6.28M · ±10% · vs last sale $6.54M (Aug 1 2022)
Last sale anchor
$6.54M
Aug 1 2022
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
$1,181 / 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
$7,817
Tax year 2023
Assessed value
$561,072
Assessed 2023
Previous assessed
$561,072
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$125,600
Assessed improvement
$435,472
Land market value
$125,600
Improvement market value
$435,472
Total market value
$561,072
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
1983
Heating
CENTRAL
Cooling
YES
Stories
1
Units
2
Bathrooms
6
Total area
4,835 SF
Lot
0.2 ac (8,756 SF)
Zoning code
NMU
APN
0426-0011
UPID
US87-0894847
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
NMU · Portsmouth, VA
Zoning NMU · permitted uses
NMU · 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
1983
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Bathrooms
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Dk Elmhurst LLC
Entity
Mailing address
1777 REISTERSTOWN RD, BALTIMORE, MD 21208-1313
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$6,542,000
Dk Elmhurst LLC
Cedar-elmhurst LLC
Special Warranty Deed
$88,000,000 · United Bank
Nov 15, 2004
$4,017,000
Elmhurst Square Associates
Tidewater Jewish Foundation
Grant Deed
related
$4,360,000 · Lehman Brothers Bank Fsb
May 26, 2004
—
Tidewater Jewish Foun INC
Elmhurst Square Properties
Grant Deed
related
—
—
—
Claude T Shields
—
Deed Of Trust
related
$65,814 · Citifinancial INC Maryland
—
—
Libby S Bowman
—
Deed Of Trust
related
$171,748 · Citifinancial INC
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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