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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office buildings
600 Dinwiddie St Portsmouth, VA 23704-3661
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-0944908
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Construction
BRICK
Total area
7,726 SF
Lot
0.58 ac (25,091 SF)
Zoning code
T4
APN
0013-0350
UPID
US87-0944908
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
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$660k
Owner & transaction history
Wpa Properties LLC · 5 yrs held
Wpa Properties LLC
since 2021
Last sale
$450,000
2 recorded transactions
Zoning & alternative use
T4 · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The T4 sub district contains a mix of uses, but maintains a predominantly residential urban fabric. Theseareas, nearest to the Olde Towne Historic District, represent moderately intense urbanism in the downtown.
Zone name
General Urban
General category
COMMERCIAL
Zone area
51.06 ac
Source
Realmo
Top alternative use upside
Retail stores
$925,000
+13.6%
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
$660,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$815,000
Current use
RETAIL STORES
$925,000
Change: +14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$715,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$700,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $450k (Jun 23 2021)
Last sale anchor
$450k
Jun 23 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
$85 / 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
$9,366
Tax year 2023
Assessed value
$484,740
Assessed 2023
Previous assessed
$484,740
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$170,460
Assessed improvement
$314,280
Land market value
$170,460
Improvement market value
$314,280
Total market value
$484,740
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
3
Bathrooms
5
Total area
7,726 SF
Lot
0.58 ac (25,091 SF)
Zoning code
T4
APN
0013-0350
UPID
US87-0944908
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
T4 · Portsmouth, VAZoning T4 · permitted uses
T4 · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The T4 sub district contains a mix of uses, but maintains a predominantly residential urban fabric. Theseareas, nearest to the Olde Towne Historic District, represent moderately intense urbanism in the downtown.
Zone name
General Urban
General category
COMMERCIAL
Zone area
51.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$815,000
RETAIL STORES
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$715,000
WAREHOUSE, STORAGE
Est. value
$700,000
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1945
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
5
Lot
0.58 ac
Current owner
From public records · entity-resolved
Wpa Properties LLC
Entity
Mailing address
1750 BOHNHOFF CT, VIRGINIA BEACH, VA 23454-2520
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
Wpa Properties LLC
—
Deed
related
$2,003,838 · Salyersville National Bank
Jun 23, 2021
$450,000
Wpa Properties LLC
Leathel Holding Corporation
Special Warranty Deed
$360,000 · Townebank
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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