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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Grocery and convenience stores
720 London St Portsmouth, VA 23704
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3802360
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2021
Construction
HEAVY FRAME
Total area
5,934 SF
Lot
1.6 ac (69,696 SF)
Zoning code
GMU
APN
0018-1400
UPID
US87-3802360
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
-
Wawa Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$788k
Blend (final)
Blend
$825k
Owner & transaction history
6s Wawa Portsmouth Va LLC · 6 yrs held
6s Wawa Portsmouth Va LLC
since 2019
7 recorded transactions
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$825,000
+324.4%
Retail stores
$715,000
+266.2%
Medical building
$710,000
+264.5%
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
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$825,000
Change: +324% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +266% · Conversion: Easy
MEDICAL BUILDING
$710,000
Change: +265% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +221% · Conversion: Moderate
AUTO REPAIR, GARAGE
$500,000
Change: +156% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
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
$139 / 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
$64,677
Tax year 2023
Assessed value
$5,174,120
Assessed 2023
Previous assessed
$4,965,850
+4.2% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,211,510
Assessed improvement
$2,962,610
Land market value
$2,211,510
Improvement market value
$2,962,610
Total market value
$5,174,120
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2021
Construction
HEAVY FRAME
Heating
CENTRAL
Cooling
YES
Stories
1
Bathrooms
1
Total area
5,934 SF
Lot
1.6 ac (69,696 SF)
Zoning code
GMU
APN
0018-1400
UPID
US87-3802360
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
GMU · Portsmouth, VA
Zoning GMU · permitted uses
GMU · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$825,000
RETAIL STORES
Est. value
$715,000
MEDICAL BUILDING
Est. value
$710,000
OFFICE BUILDING
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$500,000
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2021
Construction
HEAVY FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
6s Wawa Portsmouth Va LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1301 N 31ST ST, PHILADELPHIA, PA 19121-4403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2020
—
6s Wawa Portsmouth Va LLC
—
Deed
related
$3,650,000 · Tilden Pk Domestic Hldgs I LLC
Oct 9, 2019
—
6s Wawa Portsmouth Va LLC
720 London INC
Quit Claim Deed
related
—
Oct 9, 2019
$960,000
6s Wawa Portsmouth Va LLC
720 London INC
Grant Deed
—
Jun 8, 2009
$800,000
720 London INC
Bk Of The Commonwealth
Special Warranty Deed
$720,000 · Bk Of The Commonwealth
Dec 18, 2008
$767,500
Bank Of Commonwealth
Pickrell James M JR
Trustees Deed
related
—
Jul 19, 2004
$618,000
Gary Broughton
Exxon Mobil Corp
Warranty Deed
related
$735,000 · Bank Of Commonwealth
—
—
Gary Broughton
—
Deed Of Trust
related
$77,000 · Bank Of America
—
—
6s Wawa Portsmouth Va LLC
—
Loan Modification
related
$3,650,000 · Tilden Pk Domestic Hldgs I LLC
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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