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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Office buildings
757 Broad St, Portsmouth, VA 23707-2008
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
Zoning & alternative use
IL · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Jan 12 2024)
Last sale anchor
$2.40M
Jan 12 2024
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
$1,020 / 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
$1,847
Tax year 2023
Assessed value
$134,040
Assessed 2023
Previous assessed
$134,040
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$26,600
Assessed improvement
$107,440
Land market value
$26,600
Improvement market value
$107,440
Total market value
$134,040
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
1850
Construction
BRICK
Heating
CENTRAL
Cooling
YES
Stories
2
Bathrooms
2
Total area
2,352 SF
Lot
0.13 ac (5,619 SF)
Zoning code
IL
APN
0128-0160
UPID
US87-0850073
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
IL · Portsmouth, VA
Zoning IL · permitted uses
IL · 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.
Building & site characteristics
From public records
Year built
1850
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
757 Broad St LLC
Entity
Free & Clear · 0 yrs held
Mailing address
449 S BEVERLY DR STE #211, BEVERLY HILLS, CA 90212-4428
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
$125,000
757 Broad St LLC
Ecg 900 Broad LLC
Deed
—
Jan 12, 2024
$2,400,000
Ecg 900 Broad LLC
Hum Properties
Special Warranty Deed
$1,775,000 · Party III
—
—
Properties Hum
—
Deed Of Trust
related
$870,000 · Branch Banking & Trust Co
—
—
Properties Hum
—
Deed Of Trust
related
$100,000 · Private Lender
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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