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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Investment properties
915 High St Portsmouth, VA 23704-3335
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0303779
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1938
Construction
BRICK
Total area
12,152 SF
Lot
0.31 ac (13,547 SF)
Zoning code
T5
APN
0049-0040
UPID
US87-0303779
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
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.07M
Owner & transaction history
Tatem Holding LLC · 3 yrs held
Tatem Holding LLC
since 2023
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
T5 · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+104.8%
Retail stores
$1.5M
+100.8%
Office building
$1.3M
+76.8%
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
$930,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$725,000
Current use
MEDICAL BUILDING
$1,485,000
Change: +105% · Conversion: Easy
RETAIL STORES
$1,460,000
Change: +101% · Conversion: Easy
OFFICE BUILDING
$1,285,000
Change: +77% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,125,000
Change: +55% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,100,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.20M (Apr 27 2023)
Last sale anchor
$1.20M
Apr 27 2023
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
$88 / 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
$15,315
Tax year 2023
Assessed value
$1,181,390
Assessed 2023
Previous assessed
$1,181,390
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$107,520
Assessed improvement
$1,073,870
Land market value
$107,520
Improvement market value
$1,073,870
Total market value
$1,181,390
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1938
Construction
BRICK
Heating
OTHER
Cooling
YES
Stories
2
Bathrooms
7
Total area
12,152 SF
Lot
0.31 ac (13,547 SF)
Zoning code
T5
APN
0049-0040
UPID
US87-0303779
Jurisdiction
PORTSMOUTH CITY
Zoning & alternative use
T5 · Portsmouth, VA
Zoning T5 · permitted uses
T5 · 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
COMMERCIAL (GENERAL) Current
Est. value
$725,000
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1938
Construction
BRICK
Heating
OTHER
Cooling
Yes
Stories
2
Bathrooms
7
Lot
0.31 ac
Current owner
From public records · entity-resolved
Tatem Holding LLC
Entity
Mailing address
805 RODMAN AVE, PORTSMOUTH, VA 23707-3119
Ownership since
2023
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
Oct 10, 2023
—
Tatem Holding LLC
—
Deed
related
$500,000 · Business Finance Group INC
Apr 27, 2023
$1,200,000
Tatem Holding LLC
Van Hildreth
Special Warranty Deed
$605,000 · Navy Federal Credit Union
Mar 22, 2018
—
Van,hildreath Trust
High Meadows Holdings LLC
Quit Claim Deed
related
—
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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