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Property profile & analytics
OFF-MARKET
Estimated value
$5,300,000
Industrial properties
12661 Mcmanus Blvd Newport News, VA 23602-4434
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0412487
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
FRAME
Total area
48,047 SF
Lot
2.98 ac (129,809 SF)
Zoning code
M1
APN
90000248
UPID
US87-0412487
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
-
Renaissance Patio Products Building Supply Renovation Specialist
-
Lansing Building Products Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
$4.88M
Comparable Approach
Comparable
$4.61M
Blend (final)
Blend
$5.30M
Owner & transaction history
Newport News Mcmanus Blvd LLC · 3 yrs held
Newport News Mcmanus Blvd LLC
since 2023
Last sale
$5.3M
5 recorded transactions
Zoning & alternative use
M1 · 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
$5,810,000
ML approach
$5,995,000
CAP Approach
CAP Return
Estimation
6%
$5,285,000
6.5%
$4,875,000
7%
$4,530,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,580,000
Current use
Blend value · Realmo final
$5.30M
Range $4.77M – $5.83M · ±10% · vs last sale $5.26M (Mar 2 2023)
Last sale anchor
$5.26M
Mar 2 2023
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
$110 / 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
$42,185
Tax year 2023
Assessed value
$2,937,200
Assessed 2023
Previous assessed
$2,937,200
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$630,900
Assessed improvement
$2,306,300
Land market value
$630,900
Improvement market value
$2,306,300
Total market value
$2,937,200
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Rooms
7
Total area
48,047 SF
Lot
2.98 ac (129,809 SF)
Zoning code
M1
APN
90000248
UPID
US87-0412487
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
M1 · Newport News, VA
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
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
1986
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Rooms
7
Lot
2.98 ac
Current owner
From public records · entity-resolved
Newport News Mcmanus Blvd LLC
Entity
Mailing address
67 MTN BLVD STE #201, WARREN, NJ 07059-5678
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
$5,258,974
Newport News Mcmanus Blvd LLC
Lansing Of Newport News LLC
Special Warranty Deed
$3,575,000 · Lakeland Bank
Oct 4, 2016
—
Lansing Of Newport News LLC
—
Deed
related
$11,912,000 · Towne Bk
Apr 3, 2012
—
Lansing Of Newport News LLC
—
Grant Deed
related
$5,000,000 · Wells Fargo Bank
Oct 6, 2009
—
Lansing Of Newport News LLC
—
Deed Of Trust
related
$9,823,976 · Suntrust Bank NA
—
—
Lansing Of Newport News LLC
—
Deed Of Trust
related
$11,912,000 · Towne 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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