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Property profile & analytics
OFF-MARKET
Estimated value
$7,230,000
Industrial land
1251 Terminal Ave Newport News, VA 23607
Individually Owned
3-yr Hold
Free & Clear
Property ID
US87-1119207
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
4.9 ac (213,444 SF)
Zoning code
M2
APN
321000304
UPID
US87-1119207
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.23M
Owner & transaction history
Hampton Roads Sanitation District · 3 yrs held
Hampton Roads Sanitation District
since 2022
Last sale
$8.0M
1 recorded transaction
Zoning & alternative use
M2 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ever, it should be noted that the land is under federa l jurisdiction and is not required to adhere to local zoning regulations. The area directly to the north of the installation is designated industrial and consist of M -2 Heavy Industrial District. The remaining areas, adjacent to or within close proximity (separated by the Warwick River) of Fort Eustis,…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,198.61 ac
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
$6,095,000
ML approach
$6,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.23M
Range $6.51M – $7.95M · ±10% · vs last sale $8.00M (Dec 22 2022)
Last sale anchor
$8.00M
Dec 22 2022
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
—
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
Assessed value
$480,200
Assessed 2023
Previous assessed
$480,200
+0.0% YoY
Assessed land
$480,200
Land market value
$480,200
Total market value
$480,200
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Lot
4.9 ac (213,444 SF)
Zoning code
M2
APN
321000304
UPID
US87-1119207
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
M2 · Newport News, VAZoning M2 · permitted uses
M2 · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ever, it should be noted that the land is under federa l jurisdiction and is not required to adhere to local zoning regulations. The area directly to the north of the installation is designated industrial and consist of M -2 Heavy Industrial District. The remaining areas, adjacent to or within close proximity (separated by the Warwick River) of Fort Eustis, have primarily low density and intensity residential zoning designations consisting
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,198.61 ac
Building & site characteristics
From public records
Lot
4.9 ac
Current owner
From public records · entity-resolved
Hampton Roads Sanitation District
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 5911, VIRGINIA BEACH, VA 23471-0911
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
$8,000,000
Hampton Roads Sanitation District
River Port LLC
Special Warranty Deed
—
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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