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Property profile & analytics

817 High St Portsmouth, VA 23704

  • Retail properties
  • 7,067 SF
  • 0.20 lot acres
For Sale
Last Sale
Jun 01, 2021
$800,000
Value Estimations
Cap Rate Potential
7.9%
Retail properties
Location Intelligence
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.

Current Use by Public Records

  • Retail properties

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
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 valuation — 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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