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Property profile & analytics
OFF-MARKET
Estimated value
$325,000
Office buildings
78 Afton Pkwy Portsmouth, VA 23702-2848
Entity Owned
Free & Clear
Property ID
US87-0939363
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1941
Total area
4,934 SF
Lot
0.13 ac (5,663 SF)
Zoning code
HLB
APN
0405-0210
UPID
US87-0939363
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
-
Anchor Baptist Church Church
-
Metal Trades Council Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$275k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$325k
Owner & transaction history
Anchor Baptist Church
Anchor Baptist Church
since 2026
2 recorded transactions
Zoning & alternative use
HLB · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HLB sub district is generally intended for commercial uses with, along with limited residential, and institutional uses.
Zone name
Historic Limited Business
General category
CIVIC_INSTITUTIONAL
Zone area
11.32 ac
Source
Realmo
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
$275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$325k
Range $293k – $358k · ±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
$66 / 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
$445
Tax year 2023
Assessed value
$117,800
Assessed 2023
Previous assessed
$117,800
+0.0% YoY
Effective rate
0.38%
On assessed value
Assessed land
$38,730
Assessed improvement
$79,070
Land market value
$38,730
Improvement market value
$79,070
Total market value
$117,800
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
1941
Heating
OTHER
Cooling
YES
Stories
1
Bathrooms
2
Total area
4,934 SF
Lot
0.13 ac (5,663 SF)
Zoning code
HLB
APN
0405-0210
UPID
US87-0939363
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
HLB · Portsmouth, VAZoning HLB · permitted uses
HLB · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HLB sub district is generally intended for commercial uses with, along with limited residential, and institutional uses.
Zone name
Historic Limited Business
General category
CIVIC_INSTITUTIONAL
Zone area
11.32 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1941
Heating
OTHER
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Anchor Baptist Church
Entity
Free & Clear · 0 yrs held
Mailing address
1101 BURNS ST, CHESAPEAKE, VA 23320-6143
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2026
$105,000
Anchor Baptist Church
Chesapeake Baptist Church
Deed
—
Oct 10, 2019
$100,000
Grace Baptist Temple
Home Of Ctrl Labor Union & Ladies
Grant Deed
—
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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