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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Commercial real estate
1401 Kiln Crk Pkwy Newport News, VA 23602-9667
Entity Owned
13-yr Hold
Free & Clear
Property ID
US87-3855133
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1992
Construction
FRAME
Total area
3,250 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C1
APN
123000601
UPID
US87-3855133
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
-
7-Eleven Grocery & Convenience Store
-
ATM 7ELEVEN, INC. Bank Loan Service
-
ATM (Kiln Creek Grocery) Atm
-
Citgo Gas Station
-
Amazon Locker - Leapfrog Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$371k
Blend (final)
Blend
$520k
Owner & transaction history
Lap Retail Holdings LLC · 13 yrs held
Lap Retail Holdings LLC
since 2013
7 recorded transactions
Zoning & alternative use
C1 · 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
$320,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$520,000
7%
$480,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$160 / 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
$9,364
Tax year 2023
Assessed value
$669,000
Assessed 2023
Previous assessed
$669,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$164,700
Assessed improvement
$504,300
Land market value
$164,700
Improvement market value
$504,300
Total market value
$669,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1992
Construction
FRAME
Heating
HOT WATER
Stories
1
Rooms
3
Total area
3,250 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C1
APN
123000601
UPID
US87-3855133
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
C1 · Newport News, VA
Zoning 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
Newport News. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Construction
FRAME
Heating
HOT WATER
Stories
1
Rooms
3
Lot
0.54 ac
Current owner
From public records · entity-resolved
Lap Retail Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2434 GUM RD, CHESAPEAKE, VA 23321-1510
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2016
—
Lap Retail Holdings LLC
—
Deed
related
$500,000 · Towne Bk
Jul 17, 2013
—
Lap Retail Holdings LLC
Patel,atulkumar & Sanjay
Grant Deed
related
—
Jul 10, 2013
—
Atulkumar Patel
Gasngo LLC
Quit Claim Deed
related
—
Jun 5, 2007
$290,000
Gasngo LLC
Fairway Plaza Limited Partners
Grant Deed
—
—
—
Lap Retail Holdings LLC
—
Loan Modification
related
$612,000 · Stellarone Bk
—
—
Lap Retail Holdings LLC
—
Deed Of Trust
related
$8,328,000 · Stellarone Bk
—
—
Lap Retail Holdings LLC
—
Deed Of Trust
related
$4,500,000 · Towne Bk
—
—
Lap Retail Holdings LLC
—
Deed Of Trust
related
$500,000 · 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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