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Financial
Distress signals
Property profile

117 Herman Melville Ave Newport News, VA 23606

FOR LEASE
Other commercial real estate
Property ID
US87-3953688
3,380 SF 0.08 ac lot Built 2005
Last sale Mar 2026 · $505,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 1,441-square-foot office unit located at 117 Herman Melville Avenue within a commercial building completed in 2005. The unit features an open interior arrangement and is served by central air conditioning and electric forced-air heating, and the building has a shingle roof. The property is designated with R9 zoning and is situated in Port Warwick, a mixed-use community in Newport News, in the 23606 postal area, with nearby restaurants, shops, and professional services.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$474k
Assessed land$94k
Assessed improvement$380k
Effective rate1.22%

Value estimate

· Oct 2026
$275k
$248k – $303k
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$4k
Operating expenses−$5k
NOI · 913.37% cap applied$16k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$132/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$95 – $201
Qualifying comparables18

Cap rate analysis

How does the asset earn?
913.37%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R9
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 R...
General categoryMIXED_USE
JurisdictionNEWPORT NEWS CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop10.0
Parking Facility9.4
Bakery9.1

Location

117 Herman Melville Ave Newport News, VA 23606
County assessor Recorded deeds · 6 transfers 18 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12300 Warwick, Newport News, VA 23606-3801 $415,000 Dec 2024 4,080 SF
1085 Loftis, Newport News, VA 23606-2981 $325,795 Apr 2024 2,023 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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