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Property profile & analytics
OFF-MARKET
Apartment buildings
128 Jefferson Pt Ln Newport News, VA 23602-8120
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0069880
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Total area
100 SF
Lot
16.23 ac (706,979 SF)
Zoning code
R7
APN
161000127
UPID
US87-0069880
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
-
The Point at Tech Center Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Newport Tech Center LLC · 4 yrs held
Newport Tech Center LLC
since 2021
Last sale
$36.7M
7 recorded transactions
Zoning & alternative use
R7 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
agents, from any and all claims arising in any way from the content or provision of the data. Fort 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 RMF RR RC WCI YVA Newport News Zoning C1 C2 M1 M2 O1 O2 P1 R1 R2 R3 R4 R5 R6 R7 R8 R9 James City County Zoning B1 LB M1 M2 MU…
Zone name
Medium Density Multifamily
General category
RESIDENTIAL
Zone area
1,692.38 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
Tax billed
$426,633
Tax year 2023
Assessed value
$35,067,000
Assessed 2023
Previous assessed
$35,067,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$4,160,000
Assessed improvement
$30,907,000
Land market value
$4,160,000
Improvement market value
$30,907,000
Total market value
$35,067,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1986
Heating
NONE
Units
208
Bathrooms
4
Total area
100 SF
Lot
16.23 ac (706,979 SF)
Zoning code
R7
APN
161000127
UPID
US87-0069880
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
R7 · Newport News, VAZoning R7 · permitted uses
R7 · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
agents, from any and all claims arising in any way from the content or provision of the data. Fort 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 RMF RR RC WCI YVA Newport News Zoning C1 C2 M1 M2 O1 O2 P1 R1 R2 R3 R4 R5 R6 R7 R8 R9 James City County Zoning B1 LB M1 M2 MU PL R2 R4 R5 R8 L E G E N D ̈§¦64 James River S u r r yS u r r y C o u n t yC o u
Zone name
Medium Density Multifamily
General category
RESIDENTIAL
Zone area
1,692.38 ac
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Units
208
Bathrooms
4
Lot
16.23 ac
Current owner
From public records · entity-resolved
Newport Tech Center LLC
Entity
Mailing address
6501 GOLDLEAF DR, BETHESDA, MD 20817-5835
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$36,700,000
Newport Tech Center LLC
Rre Jefferson Point Holdings LLC
Special Warranty Deed
$26,464,000 · M&t Realty Capital Corporation
May 4, 2016
—
Rre Jefferson Pt Holdings LLC
—
Deed
related
$12,500,000 · Berkadia Com'l Mtg
Sep 13, 2013
$18,250,000
Rre Jefferson Pt Holdings LLC
Aew Lt Jefferson Pt Apartments
Grant Deed
related
—
Aug 23, 2007
$24,100,000
Aew Lt Jefferson Point Apts
Jefferson Point Garden Associa
Warranty Deed
—
Mar 1, 2005
—
Jefferson Point Gardens Associ
Fka,jefferson Point Of Mcguire Partne
Quit Claim Deed
related
—
Mar 1, 2005
$17,859,000
Jefferson Point Gardens Associ
Fka,jefferson Point Of Mcguire Partne
Grant Deed
related
—
—
—
Rre Jefferson Pt Holdings LLC
—
Deed Of Trust
related
$15,015,000 · Pnc Bank
—
—
Rre Jefferson Pt Holdings LLC
—
Loan Modification
related
$15,015,000 · Pnc Bk
—
—
Rre Jefferson Pt Holdings LLC
—
Deed Of Trust
related
$12,500,000 · Berkadia Com'l Mtg
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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