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10764 Jefferson Ave Newport News, VA 23601-2718

OFF-MARKET Commercial land Google Maps
7,191 SF 1.12 ac lot Built 1974
Entity Owned ~ Est. High Equity
Estimated value (blended)
$215k
Range $194k – $237k (±10%)
Property ID US87-2294663

Property summary

AI-generated overview

This exceptional 1.12-acre commercial parcel, located at 10764 Jefferson Avenue in Newport News, Virginia (zip code 23601), presents a unique investment opportunity. Priced attractively below assessed value at $425,000, this land is ideally suited for retail development. Its prime location offers excellent visibility and accessibility, boasting close proximity to a variety of existing retail outlets, restaurants, and other businesses. The property features an existing pylon sign, providing immediate branding potential for future tenants. The 1.12-acre lot size provides ample space for a variety of development options, catering to diverse business needs. This is a rare opportunity to acquire a highly desirable commercial land parcel in a thriving Newport News location. The property's strategic positioning ensures high foot traffic and strong visibility, making it an ideal investment for both established businesses and new ventures seeking a prominent presence in a bustling commercial area. The existing infrastructure and convenient location minimize development hurdles, promising a streamlined and efficient project timeline. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1974
Total area 7,191 SF
Lot 1.12 ac (48,787 SF)
Zoning code C1
APN 248000137
UPID US87-2294663

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
  • Renovation Specialist General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$165k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2026
Last sale
$248,000
4 recorded transactions
2026
$320,000
2022
$248,000
2017
Price N/A
2009
Price N/A

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 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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