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Property profile & analytics
OFF-MARKET Estimated value $870,000
Retail properties & Spaces

817 High St Portsmouth, VA 23704

7,067 SF 0.2 ac lot Built 1941
Entity Owned Free & Clear
Property ID
US87-0451086
Property summary
AI-generated overview

This exceptional 1.06-acre commercial land parcel, located at 817-833 High Street in Portsmouth, Virginia (zip code 23704), presents a remarkable redevelopment opportunity. The property is ideally situated for a variety of uses, including multi-family residential, multiple retail stores, a restaurant, or flexible commercial space. The lot's size and location offer significant potential for a substantial development project. Specifically, the lot at 833 High Street offers ample space for a new building or a dedicated parking area. Adding to its appeal, an adjacent property is also available for purchase, presenting the possibility of a larger, more comprehensive development. This corner lot provides excellent visibility and accessibility, making it an attractive location for businesses and residents alike. The property is further enhanced by its location on a bus line and the presence of a fence around the perimeter. The asking price for this prime redevelopment opportunity is $1,195,000. This is a rare chance to acquire a significant piece of commercial real estate in a thriving Virginia city. Don't miss this chance to shape the future of this vibrant area.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1941
Total area 7,067 SF
Lot 0.2 ac (8,843 SF)
Zoning code T5
APN 0049-0140
UPID US87-0451086
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$870k
Owner & transaction history
Economic Developement Authority Of
Economic Developement Authority Of
since 2025
Last sale
$800,000
5 recorded transactions
2025
$900,000
2023
Price N/A
2023
Price N/A
2021
$800,000
1969
Price N/A
Zoning & alternative use
T5 · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $865,000 +2.0%
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