Entity Owned Property summary
AI-generated overview
A retail strip center located at 12266 Jefferson Avenue in Newport News, Virginia, constructed in 2005. The property is arranged as a four-tenant center with a 100% leased NNN structure and includes tenants historically occupied since construction, including T-Mobile and Vitamin Shoppe. The center is positioned along Jefferson Avenue, providing visibility and drive-by exposure, with Patrick Henry Mall located nearby as a major retail anchor. The buildings were completed in 2005 and include retail improvements associated with tenant remodel activity, such as upgrades being completed through T-Mobile’s retail store remodel program. The site is configured for multiple retail occupants and includes provisions for scheduled renewal options for a portion of the tenants.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
FRAME
Total area
9,728 SF
Lot
0.97 ac (42,253 SF)
Zoning code
C1
APN
141000116
UPID
US87-0543422
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Weight Loss Service Health Spa
-
Mobile Phone Store Electronics & Wireless Store
-
(Bike/Boat/Book/etc) Store Pharmacy
-
Hair Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.63M
Owner & transaction history
since 2025
2 recorded transactions
Zoning & alternative use
C1 · Newport News, VA
Zoning description
om the content or provision of the data. Fort Eustis JLUS Study Area Fort Eustis City of Newport News Boundary County Boundary York County Zoning EO GB IG IL LB NB PD R7 R13 R20 R33 RMF RR RC WCI YVA Newport News Zoning…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.63M
Value range
$1.46M – $1.79M
±10% around blend
Estimated value / SF
$167 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
90
$1.46M
blend $1.63M
$1.79M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,728 SF
Lot area
0.97 ac
Year built
2004
Stories
1
APN
141000116
Zoning
C1
Assessed value
$5,031,900
Annual tax
$61,773
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.55M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.68M
@ 6.5% CAP return
$1.55M
@ 7% CAP return
$1.44M
4
Sales comparison
Partial preview
Sales approach indication
$1.48M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.4 mi away · 8,037 SF
2.4 mi away · 11,472 SF
2.5 mi away · 10,640 SF
2.9 mi away · 11,309 SF
4.4 mi away · 7,191 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.63M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 65 sales
$195
-14%
Submarket 412 sales
$135
+23%
County 412 sales
$135
+23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $167/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.03M
Move the market yield to see immediate price impact.
Value / SF
$517
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$317k
$6.34M
$4.53M
$3.52M
$352k
$7.04M
$5.03M
$3.91M
$387k
$7.75M
$5.54M
$4.31M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.18M
2.4 mi · Feb 2026 · $114/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,773
Tax year 2023
Assessed value
$5,031,900
Assessed 2023
Previous assessed
$5,031,900
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,308,000
Assessed improvement
$3,723,900
Land market value
$1,308,000
Improvement market value
$3,723,900
Total market value
$5,031,900
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
9,728 SF
Lot
0.97 ac (42,253 SF)
Zoning code
C1
APN
141000116
UPID
US87-0543422
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
C1 · Newport News, VAZoning C1 · permitted uses
C1 · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
om the content or provision of the data. Fort Eustis JLUS Study Area Fort Eustis City of Newport News Boundary County Boundary York County Zoning EO GB IG IL LB NB PD R7 R13 R20 R33 RMF RR RC WCI YVA Newport News Zoning…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.97 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C1
COMMERCIAL
Jurisdiction
Newport News, VA
Recorded code
C1
Official district
C1
Official district profile
What the municipal code says about C1
Zoning description
om the content or provision of the data. Fort Eustis JLUS Study Area Fort Eustis City of Newport News Boundary County Boundary York County Zoning EO GB IG IL LB NB PD R7 R13 R20 R33 RMF RR RC WCI YVA Newport News Zoning…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Newport News, VA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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