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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Industrial properties
12670 Patrick Henry Dr Newport News, VA 23602-9529
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0385960
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Construction
FRAME
Total area
5,672 SF
Lot
2.21 ac (96,268 SF)
Zoning code
M1
APN
90000402
UPID
US87-0385960
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
-
Accurate Site Development LLC General Contractor
-
Accurate Clean Energy Solar Energy Company
-
Y & S Ventures Scientific Equipment Supplier Investment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$780k
Blend (final)
Blend
$575k
Owner & transaction history
Evangelos Theodorogiannis · 4 yrs held
Evangelos Theodorogiannis
since 2022
Last sale
$789,000
5 recorded transactions
Zoning & alternative use
M1 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Newport News submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport News 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
$600,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$540,000
Current use
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $789k (May 23 2022)
Last sale anchor
$789k
May 23 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
$101 / 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
$11,484
Tax year 2023
Assessed value
$795,100
Assessed 2023
Previous assessed
$795,100
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$373,400
Assessed improvement
$421,700
Land market value
$373,400
Improvement market value
$421,700
Total market value
$795,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
9
Total area
5,672 SF
Lot
2.21 ac (96,268 SF)
Zoning code
M1
APN
90000402
UPID
US87-0385960
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
M1 · Newport News, VA
Zoning M1 · permitted uses
M1 · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport News. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$540,000
INDUSTRIAL (GENERAL) Current
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
2001
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
9
Lot
2.21 ac
Current owner
From public records · entity-resolved
Evangelos Theodorogiannis
Individual
Mailing address
688 FAIRFAX WAY, WILLIAMSBURG, VA 23185-8251
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2022
$789,000
Evangelos Theodorogiannis
USA Yick Shun High Tech Investment
Warranty Deed
—
Mar 30, 2016
$629,660
USA Yick Shun High Tech Inv In
Towne Bk
Grant Deed
—
May 22, 2014
$477,405
Towne Bk
S B E LLC
Deed In Lieu Of Foreclosure
—
—
—
Sbe LLC
—
Deed Of Trust
related
$850,000 · Towne Bank
—
—
Sbe LLC
—
Deed Of Trust
related
$582,016 · Towne Bank
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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