Property profile

130 23rd St Newport News, VA 23607

OFF-MARKET
Industrial properties
Property ID
US87-0482219
17,000 SF 0.32 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 17,000 SF
Lot 0.32 ac (14,070 SF)
Zoning code C3
APN 315010314
UPID US87-0482219

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

130 23rd St Newport News, VA 23607
Newport News metro Census 30100 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$240k

Owner & transaction history

since 2018
5 recorded transactions
2021
Price N/A
2018
$420,000
2017
Price N/A
2009
$375,000
1969
Price N/A

Zoning & alternative use

C3 · Newport News, VA
Zoning description

The purpose of this district is to encourage development activities that provide desirable employment and enlarge the tax base, and to provide for stabilization and redevelopment of the geographic area known generally as…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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