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Property profile & analytics
FOR LEASE
Investment properties

706 Airline Blvd Portsmouth, VA 23707

4,200 SF 0.19 ac lot Built 1965
Entity Owned Free & Clear
Property ID
US87-0846286
Property summary
AI-generated overview

This exceptional freestanding retail property, located at 706 Airline Blvd in Portsmouth, Virginia, 23707, offers a fantastic opportunity for businesses seeking high-visibility space. The building totals 4,095 square feet and features multiple suites available for lease, providing flexibility for various tenant needs. Individual suites range from a minimum of 1,680 square feet to a maximum contiguous space of 2,415 square feet. Currently, 4,015 square feet is vacant, presenting a significant opportunity for immediate occupancy. The property boasts ample parking with 16 spaces available for tenants and their customers. Its prime location on Airline Boulevard ensures high traffic volume and excellent visibility, making it an ideal location for a variety of retail businesses. The property is classified as a freestanding retail building, offering independent access and enhanced curb appeal. This is a rare opportunity to secure a well-located, spacious retail space in a thriving Portsmouth community. Interested parties are encouraged to inquire for lease terms and conditions. The property is ready for immediate occupancy.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1965
Total area 4,200 SF
Lot 0.19 ac (8,276 SF)
Zoning code GMU
APN 0300-0410
UPID US87-0846286
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
Current use
Occupant on record · Public records
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
JAMES FAMILY HOLDINGS LLC
JAMES FAMILY HOLDINGS LLC
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Window signs located in the NMU, GMU, IN, and WF districts; and if consistent with applicable adopted design standards, window signs located in the MU-H district Signs oriented toward the interior of and intended to be viewed from within an outdoor recreation or entertainment establishment or facility Outdoor Advertising Signs (Billboards) These signs requir…

Zone name General Mixed Use
General category MIXED_USE
Zone area 717.41 ac
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