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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Commercial land
12998 Warwick Blvd Newport News, VA 23602-8351
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0527450
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1978
Total area
189 SF
Lot
0.66 ac (28,924 SF)
Zoning code
C1
APN
160000102
UPID
US87-0527450
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
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Fsr Enterprises INC · 3 yrs held
Fsr Enterprises INC
since 2023
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
C1 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
om 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…
Zone name
Retail Commercial
General category
COMMERCIAL
Zone area
2,756.29 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
$1,105,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.00M (Jun 21 2023)
Last sale anchor
$1.00M
Jun 21 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
$5,635 / 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
$10,135
Tax year 2023
Assessed value
$723,100
Assessed 2023
Previous assessed
$723,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$723,100
Land market value
$723,100
Total market value
$723,100
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1978
Heating
SPACE
Stories
1
Total area
189 SF
Lot
0.66 ac (28,924 SF)
Zoning code
C1
APN
160000102
UPID
US87-0527450
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
C1 · Newport News, VAZoning C1 · permitted uses
C1 · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
om 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 n t y N e w p o r tN e w p o r t N e w sN e w s I s l
Zone name
Retail Commercial
General category
COMMERCIAL
Zone area
2,756.29 ac
Building & site characteristics
From public records
Year built
1978
Heating
SPACE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Fsr Enterprises INC
Entity
Mailing address
732 EDEN WAY N STE E, CHESAPEAKE, VA 23320-2798
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
$1,000,000
Fsr Enterprises INC
Cousins Real Estate LLC
Special Warranty Deed
$900,000 · Cousins Real Estate LLC
Oct 31, 2022
$975,000
Cousins Real Estate LLC
Vre Woodfin LLC
Special Warranty Deed
$720,000 · Townebank
Nov 19, 2020
$750,000
Vre Wooden LLC
Doswell Ventures LLC
Grant Deed
$425,000 · American Nat'l Bk/tx
Nov 13, 2020
—
Doswell Ventures LLC
Exxon Mobil Corp
Correction Deed
related
—
Nov 5, 2009
$515,000
Doswell Ventures LLC
Exxon Mobil Corp
Grant Deed
—
—
—
Doswell Ventures LLC
—
Deed Of Trust
related
$29,244,100 · M & T Bank
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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