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Property profile & analytics
OFF-MARKET
Estimated value
$11,430,000
Commercial real estate
12896 Jefferson Ave Newport News, VA 23608-3031
Entity Owned
7-yr Hold
Free & Clear
Property ID
US87-0698691
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Construction
FRAME
Total area
64,147 SF
Lot
9.3 ac (404,977 SF)
Zoning code
C2
APN
80000328
UPID
US87-0698691
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
-
Quick Lane Auto Repair Shop
-
Southern Ford Car Dealership
-
Hall Auto Car Dealership
-
Hall Lincoln Parts Car Rental Facility
-
Hall Lincoln Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.22M
Comparable Approach
Comparable
$13.29M
Blend (final)
Blend
$11.43M
Owner & transaction history
Nnn Auto Owner IV LLC · 7 yrs held
Nnn Auto Owner IV LLC
since 2019
7 recorded transactions
Zoning & alternative use
C2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,065,000
6.5%
$10,215,000
7%
$9,485,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,860,000
Current use
Blend value · Realmo final
$11.43M
Range $10.29M – $12.57M · ±10%
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
$178 / 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
$192,232
Tax year 2023
Assessed value
$14,110,800
Assessed 2023
Previous assessed
$14,110,800
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$6,074,400
Assessed improvement
$8,036,400
Land market value
$6,074,400
Improvement market value
$8,036,400
Total market value
$14,110,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
64,147 SF
Lot
9.3 ac (404,977 SF)
Zoning code
C2
APN
80000328
UPID
US87-0698691
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
C2 · Newport News, VA
Zoning C2 · permitted uses
C2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$8.9M
COMMERCIAL (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
FORCED AIR
Cooling
Yes
Stories
1
Lot
9.3 ac
Current owner
From public records · entity-resolved
Nnn Auto Owner IV LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5973 AVENIDA ENCINAS STE #301, CARLSBAD, CA 92008-4479
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2019
$13,700,000
Nnn Auto Owner IV LLC
Auto Properties Hall Ford LLC
Grant Deed
related
—
Apr 17, 2017
—
Auto Properties Hall Ford LLC
—
Loan Modification
related
$690,000,000 · Barclays Bk/plc
Nov 7, 2014
—
Auto Properties Hall Ford LLC
—
Loan Modification
related
$425,000,000 · Barclays Bk/plc
May 24, 2013
—
Auto Properties Hall Ford LLC
—
Deed Of Trust
related
$325,000,000 · Barclays Bank Plc
Mar 9, 2009
—
Auto Properties Hall Ford LLC
Hall,kenneth A
Quit Claim Deed
related
—
Apr 17, 2006
—
Auto Properties Hall Ford LLC
Hall,kenneth A
Quit Claim Deed
related
—
—
—
Auto Properties Hall Ford LLC
—
Deed Of Trust
related
—
—
—
Auto Properties Hall Ford LLC
—
Loan Modification
related
—
—
—
Auto Properties Hall Ford LLC
—
Deed Of Trust
related
—
—
—
Auto Properties Hall Ford LLC
—
Loan Modification
related
—
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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