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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Commercial real estate
11124 Jefferson Ave Newport News, VA 23601-2529
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-3973701
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2020
Construction
WOOD FRAME
Total area
5,933 SF
Lot
1.96 ac (85,421 SF)
Zoning code
R4
APN
240000704
UPID
US87-3973701
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
-
Wawa Restaurant Take-out & Catering
-
Amazon Locker - Enos Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$920k
Owner & transaction history
Omilos LLC · 2 yrs held
Omilos LLC
since 2024
7 recorded transactions
Zoning & alternative use
R4 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$875,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$705,000
Current use
INDUSTRIAL (GENERAL)
$565,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10%
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
$155 / 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
$41,771
Tax year 2023
Assessed value
$3,131,500
Assessed 2023
Previous assessed
$3,038,700
+3.1% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,878,900
Assessed improvement
$1,252,600
Land market value
$1,878,900
Improvement market value
$1,252,600
Total market value
$3,131,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2020
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
5,933 SF
Lot
1.96 ac (85,421 SF)
Zoning code
R4
APN
240000704
UPID
US87-3973701
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
R4 · Newport News, VA
Zoning R4 · permitted uses
R4 · 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
COMMERCIAL (GENERAL) Current
Est. value
$705,000
INDUSTRIAL (GENERAL)
Est. value
$565,000
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
2020
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Omilos LLC
Entity
Mailing address
4804 PO BOX 12179TH DR, NEWPORT NEWS, VA 23612-2179
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$4,500,000
Omilos LLC
Athanasios K Polyzos
Special Warranty Deed
$1,500,000 · Apple Federal Credit Union
Nov 16, 2022
—
Athanasios K Polyzos
Fyllon Properties LLC
Special Warranty Deed
—
Nov 14, 2018
—
Fyllon Properties LLC
—
Grant Deed
related
$1,061,250 · Wells Fargo Bk
Sep 12, 2018
—
Smith Family LP
Fyllon Properties LLC
Quit Claim Deed
related
—
Feb 1, 2017
$150,000
Fyllon Properties LLC
Smith,rodney A & Nancy G
Grant Deed
—
Jan 15, 2004
$60,000
Smith Family
Smith,rodney A & Nancy G
Grant Deed
related
—
—
—
Fylllon Properties LLC
—
Deed Of Trust
related
$558,000 · Branch Bk&tr
—
—
Fyllon Properties LLC
—
Deed Of Trust
related
$407,055 · Wachovia Bk
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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