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    817 High St Portsmouth, VA 23704
    Property profile & analytics

    817 High St Portsmouth, VA 23704


    • Retail properties & Spaces
    • 7,067 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Jun 1, 2021
    $800,000
    Property ID
    US87-0451086
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    7.9%
    Retail properties & Spaces
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 817 High St

    Year built
    1941
    Lot size
    0.20 lot acres
    Property size
    7,067 SF
    Zone code
    T5
    Property type
    Retail properties & Spaces
    APN
    0049-0140
    APU
    490140

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,175,000
      ML approach
      $1,170,000
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $850,000
      Current use
      MEDICAL BUILDING
      $865,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $745,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3077
    Latitude
    36.8347
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,540
    $86,770
    $54,900
    $141,670
    -
    $86,770
    $54,900
    $141,670
    More about this property
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