Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    5606 Portsmouth Blvd Portsmouth, VA 23701-1835

    • Shopping centers
    • 4,835 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $5,685,000
    Last Sale
    Aug 01, 2022
    $6,542,000
    Location Intelligence
    Property ID
    US87-0894847
    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

    • Shopping centers

    Property Details for 5606 Portsmouth Blvd

    Year built
    1983
    Lot size
    0.20 lot acres
    Property size
    4,835 SF
    Zone code
    NMU
    Property type
    Shopping centers
    Property subtype
    Specialty properties
    APN
    0426-0011
    APU
    4260011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,710,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,500,000
      6.5%
      $6,115,000
      7%
      $7,045,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,880,000
      Geo Method
      $6,560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,990,000
      Retail
      $5,385,000
      Mixed-Use
      $5,330,000
      Hospitality
      $7,050,000
      Educational
      $7,055,000
      Residential Income
      $7,160,000
      Energy
      $7,310,000
      Income-Based Land
      $5,435,000
      Food Service
      $6,480,000

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3784
    Latitude
    36.8203
    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
    $7,817
    $125,600
    $435,472
    $561,072
    -
    $125,600
    $435,472
    $561,072

    Comparable in this City

    • Value Estimation by Request
      14,400 SF

      4259 Greenwood Dr

      SHOPPING CENTER COMMON AREA • 14,400 SF
      4259 Greenwood Dr, Portsmouth, VA 23701-3250
      View Details
    • Value Estimation
      $4,780,000
      15,587 SF

      5559 Portsmouth Blvd

      SHOPPING CENTER COMMON AREA • 15,587 SF
      5559 Portsmouth Blvd, Portsmouth, VA 23701-1832
      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
    • Value Estimation by Request
      73,004 SF

      4020 Victory Blvd

      SHOPPING CENTER COMMON AREA • 73,004 SF
      4020 Victory Blvd, Portsmouth, VA 23701-2813
      View Details
    • Value Estimation by Request
      13,282 SF

      6211 Portsmouth Blvd

      SHOPPING CENTER COMMON AREA • 13,282 SF
      6211 Portsmouth Blvd, Portsmouth, VA 23701-1344
      View Details

    Similar Nearby for Sale

    • $1,250,000
      1.09 Acres

      Portsmouth Strip Mall - Investment Opportunity

      High-Occupancy Retail Center, Excellent Location
      114 Chowan Dr, Portsmouth, VA 23701
      View Details
    • New
      $599,000
      1,222 SF

      Established Restaurant Business For Sale

      Turn-key restaurant with building on a well-traveled corner.
      3332 Victory Blvd, Portsmouth, VA 23701
      View Details
    • $4,129,000
      33,025 SF

      Airline Business Park Building #2

      Manufacturing properties • 33,025 SF
      3303 Airline Blvd, Portsmouth, VA 23701
      View Details
    • $1,495,000
      17,000 SF

      Portsmouth Warehouse Space For Sale

      17,000 SF warehouse available in Portsmouth, Virginia.
      3303 Airline Blvd, Portsmouth, VA 23701
      View Details
    • $1,250,000
      2.73 Acres

      Portsmouth Retail Redevelopment Land

      Prime 2.73-acre commercial lot.
      3910 Victory Blvd, Portsmouth, VA 23701
      View Details
    • Contact for pricing

      Portsmouth Commercial Land Development

      Prime Corner Lot, High Visibility
      3336 Victory Blvd, Portsmouth, VA 23701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      600 SF

      Retail Space in Elmhurst Square

      Newly renovated retail space in a bustling Portsmouth shopping center.
      5630 Portsmouth Blvd, Portsmouth, VA 23701
      View Details
    • $20 SF/Yr
      72,800 SF

      Victory Crossing Retail Space

      Portsmouth, VA Shopping Center Space Available
      4020 Victory Blvd, Portsmouth, VA 23701
      View Details
    • $7,900,000
      4,018 SF

      Retail Space Near Rivers Casino

      Retail property near new casino and entertainment district for rent.
      2830-2886 Airline Blvd, Portsmouth, VA 23701
      View Details
    • Contact for pricing
      11,600 SF

      Retail Space in Portsmouth Corridor

      Retail space in Portsmouth's dominant retail corridor, easy access.
      2570 Airline Blvd, Portsmouth, VA 23701
      View Details
    • $22 SF/Yr
      1,626 SF

      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5606 Portsmouth Blvd
    Portsmouth, VA 23701-1835
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.