12122 Jefferson Ave Newport News, VA 23602-6908
Property profile & analytics
12122 Jefferson Ave Newport News, VA 23602-6908
- Commercial real estate
- 7,503 SF
- 0.71 lot acres
Property ID
US87-0472113
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.
Location Intelligence
Current Use by Public Records
- TGI Fridays / Restaurant
- Yoder Farms Shopping Center / Food Processing Plant
Property Details for 12122 Jefferson Ave
- Year built
- 1999
- Construction
- FRAME
- Lot size
- 0.71 lot acres
- Property size
- 7,503 SF
- Zone code
- C1
- Property type
- Commercial real estate
- APN
- 151000511
- APU
- 151000511
Description
This exceptional 7,140 square foot free-standing restaurant building presents a unique investment opportunity in Newport News, Virginia. Located at 12122 Jefferson Avenue, this single-tenant property boasts 250 feet of frontage on a high-traffic thoroughfare with an average annual daily traffic count exceeding 51,000 vehicles. Situated on a 1.42-acre outparcel within Yoder Plaza, a premier power center, the property benefits from exceptional visibility and proximity to major retailers. The location's strategic placement directly across from a Costco, which attracts over 2 million annual visitors, and adjacent to Virginia's top-performing Target store (drawing 2.2 million annual visitors), ensures consistent high foot traffic and significant brand exposure. The building's substantial size and prime location make it ideal for a variety of restaurant concepts or potential redevelopment. This is a rare opportunity to acquire a well-positioned property in a thriving retail environment with significant growth potential. The property's address is 12122 Jefferson Ave, Newport News, VA 23602. The property is zoned for commercial use.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,295,000
- 6.5%
- $1,195,000
- 7%
- $1,110,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $965,000
Market price range: $198k - $1.10M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,460,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News City
- State
- Virginia
- Longitude
- -76.4945
- Latitude
- 37.1068
- 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
$24,452
$968,000
$770,300
$1,738,300
-
$968,000
$770,300
$1,738,300
