Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,280,000
Warehouses
901 Prt Ctr Pkwy Portsmouth, VA 23704-6761
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0304842
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
29,928 SF
Lot
1.99 ac (86,510 SF)
Zoning code
IL
APN
0023-0850
UPID
US87-0304842
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
-
Hoggard-Eure Land Surveyor
-
Smart Screens Production Facility
-
Vitro General Contractor Renovation Specialist
-
Destiny's Way, LLC Home Health Care Service
-
Closet & Glass Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
$3.40M
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$3.28M
Owner & transaction history
Renfrow Properties LLC · 4 yrs held
Renfrow Properties LLC
since 2022
Last sale
$3.9M
3 recorded transactions
Zoning & alternative use
IL · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.7M
+34.9%
Retail stores
$3.6M
+32.3%
Office building
$3.2M
+16.5%
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
$2,810,000
ML approach
$2,675,000
CAP Approach
CAP Return
Estimation
6%
$3,680,000
6.5%
$3,395,000
7%
$3,155,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,715,000
Current use
MEDICAL BUILDING
$3,660,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$3,590,000
Change: +32% · Conversion: Moderate
OFFICE BUILDING
$3,160,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,770,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±10% · vs last sale $3.90M (Jan 4 2022)
Last sale anchor
$3.90M
Jan 4 2022
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
$41,150
Tax year 2023
Assessed value
$2,829,650
Assessed 2023
Previous assessed
$2,829,650
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$343,820
Assessed improvement
$2,485,830
Land market value
$343,820
Improvement market value
$2,485,830
Total market value
$2,829,650
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
CENTRAL
Cooling
YES
Stories
1
Units
5
Bathrooms
8
Total area
29,928 SF
Lot
1.99 ac (86,510 SF)
Zoning code
IL
APN
0023-0850
UPID
US87-0304842
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
IL · Portsmouth, VA
Zoning IL · permitted uses
IL · Portsmouth, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portsmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
5
Bathrooms
8
Lot
1.99 ac
Current owner
From public records · entity-resolved
Renfrow Properties LLC
Entity
Mailing address
205 GLENN MILLER ST, VIRGINIA BEACH, VA 23451-2673
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$3,900,000
Renfrow Properties LLC
Port Centre Parnters LLC
Warranty Deed
$2,925,000 · Townebank
—
—
Port Centre Partners LLC
—
Loan Modification
related
$210,300 · Northstar Funding
—
—
Port Centre Partners LLC
—
Deed Of Trust
related
$2,700,000 · Usb Real Estate Invs INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 901 Prt Ctr Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
