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Property profile & analytics
OFF-MARKET
Estimated value
$21,165,000
Apartment buildings
800 Crawford St Portsmouth, VA 23704-2334
Entity Owned
11-yr Hold
Property ID
US87-0080363
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2017
Total area
192,500 SF
Lot
2.48 ac (107,811 SF)
Zoning code
T6
APN
0009-0150
UPID
US87-0080363
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
-
MamaTired LLC Business To Business Service
-
Harbor Vista Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.71M
Comparable Approach
Comparable
$23.41M
Blend (final)
Blend
$21.17M
Owner & transaction history
Crawford Street Aprtments LLC · 11 yrs held
Crawford Street Aprtments LLC
since 2015
4 recorded transactions
Zoning & alternative use
T6 · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The T6 sub-district is designed for high-density and waterfront mixed uses. This sub-district is the most intense land use Downtown.
Zone name
Urban Core
General category
MIXED_USE
Zone area
95.68 ac
Source
Realmo
Top alternative use upside
Medical building
$23.6M
+32.1%
Retail stores
$23.1M
+29.5%
Office building
$20.3M
+14.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$25,685,000
6.5%
$23,710,000
7%
$22,015,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,825,000
Current use
MEDICAL BUILDING
$23,550,000
Change: +32% · Conversion: Moderate
RETAIL STORES
$23,090,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$20,335,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$17,450,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$21.17M
Range $19.05M – $23.28M · ±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
$110 / 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
$278,453
Tax year 2023
Assessed value
$22,077,900
Assessed 2023
Previous assessed
$22,077,900
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,412,000
Assessed improvement
$19,665,900
Land market value
$2,412,000
Improvement market value
$19,665,900
Total market value
$22,077,900
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2017
Heating
HEAT PUMP
Cooling
YES
Stories
5
Units
134
Total area
192,500 SF
Lot
2.48 ac (107,811 SF)
Zoning code
T6
APN
0009-0150
UPID
US87-0080363
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
T6 · Portsmouth, VAZoning T6 · permitted uses
T6 · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The T6 sub-district is designed for high-density and waterfront mixed uses. This sub-district is the most intense land use Downtown.
Zone name
Urban Core
General category
MIXED_USE
Zone area
95.68 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$17.8M
MEDICAL BUILDING
Est. value
$23.6M
RETAIL STORES
Est. value
$23.1M
OFFICE BUILDING
Est. value
$20.3M
WAREHOUSE, STORAGE
Est. value
$17.5M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2017
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Units
134
Lot
2.48 ac
Current owner
From public records · entity-resolved
Crawford Street Aprtments LLC
Entity
Mailing address
560 LYNNHAVEN PKWY, VIRGINIA BEACH, VA 23452-7312
Ownership since
2015
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
Jun 11, 2015
$1,005,000
Crawford Street Aprtments LLC
Economic Development Authority
Special Warranty Deed
$17,231,600 · Commercial Mortgage LLC
Jun 2, 2015
—
Enocomic Dev Authority Of Portsmo
City Of Portsmouth Va
Grant Deed
—
Mar 2, 2007
—
City Of Portsmouth
Greater Portsmouth Development
Grant Deed
—
Jan 30, 2004
$389,000
Greater Portsmouth Dev Corp
Nutter,paul M & Leslie
Grant Deed
related
$289,000 · Southtrust Bank NA
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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