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Property profile & analytics
OFF-MARKET Estimated value $2,400,000
Office buildings

757 Broad St Portsmouth, VA 23707-2008

2,352 SF 0.13 ac lot Built 1850
Entity Owned Free & Clear
Property ID
US87-0850073
Property summary
AI-generated overview

This charming 2-story, 2,352 square foot traditional office building at 757 Broad Street in Portsmouth, Virginia, presents a unique investment opportunity. Built in 1850, the property boasts a rich history and is situated on a 0.129-acre lot. Currently zoned IL, this versatile space offers significant potential for a variety of commercial uses, making it an ideal owner-user investment. The building's central Portsmouth location provides easy access to local amenities and transportation. The property includes off-street parking, a valuable asset in this area. Its classic architecture and spacious layout offer a blank canvas for creative renovation or adaptive reuse, making it a perfect conversion opportunity. This Class C building is priced at $250,000 and represents a compelling opportunity for an owner-occupier seeking a unique and well-located office space, particularly attractive to businesses operating nearby warehouses. The property's flexible zoning and central location make it a strong contender for a variety of commercial ventures.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1850
Construction BRICK
Total area 2,352 SF
Lot 0.13 ac (5,619 SF)
Zoning code IL
APN 0128-0160
UPID US87-0850073
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
  • RKS Trucking LLC/ Lexington Intermodal Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.40M
Owner & transaction history
757 Broad St LLC
757 Broad St LLC
since 2026
Last sale
$2.4M
4 recorded transactions
2026
$125,000
2024
$2.4M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IL · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Light Industrial IL district is established and intended to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, research and development, and other industrial uses that are small scale or otherwise have minimal exterior movement of vehicles,

Zone name Light Industrial
General category INDUSTRIAL
Zone area 738.31 ac
Source Realmo
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