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    1031 44Th St Newport News, VA 23607
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    Property profile & analytics

    1031 44Th St, Newport News, VA 23607

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    • Industrial properties
    • 30,000 SF
    • 2.54 lot acres
    Newport News Warehouse Space Available For Lease
    $2,830,000
    21,000 SF

    Newport News Warehouse Space Available

    Warehouse space available for lease in Newport News, Virginia.

    1031 44th St, Newport News, VA
    View Listing
    Property ID
    US87-0392393
    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.

    Value Estimations
    $2,830,000
    Cap Rate Potential
    6.8%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • NS Depot / Transit Depot

    Property Details for 1031 44Th St

    Year built
    1972
    Lot size
    2.54 lot acres
    Zone code
    M1
    Property type
    Industrial properties
    APN
    294010301
    APU
    294010301

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 23, 2023 $2,650,000 1031 44th Street LLC L & F Holdings LLC Special Warranty Deed $2.1M · L & Holdings LLC
    Dec 14, 2018 $680,000 L & F Holdings LLC Merryman,david L Grant Deed · related $578k · Union Bk&tr
    Nov 20, 2015 $585,000 David L Merryman 44th Street LP Grant Deed $510k · Private Individual

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,930,000
      ML approach
      $2,875,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $3,300,000
      6.5%
      $3,045,000
      7%
      $2,825,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,824,000
      Market price range: $2.21M - $4.13M
      AI Estimate
      $1,822,000
      Market price range: $668k - $3.21M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,860,000
      Current use
      COMMERCIAL (GENERAL)
      $3,465,000
      Change: +21% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News City
    State
    Virginia
    Longitude
    -76.4184
    Latitude
    36.9983
    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
    $20,396
    $241,600
    $1,202,800
    $1,444,400
    -
    $241,600
    $1,202,800
    $1,444,400
    View Listing
    More about this property
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