Property profile

2 Ridgewood Pkwy Newport News, VA 23602

OFF-MARKET
Commercial real estate
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Property ID
US87-0982261
44,605 SF 12 ac Built 1990
Last sale Apr 2024·$10,374,900
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$118k
Tax billed · 2023
Assessed value$9.79M
Assessed land$2.04M
Assessed improvement$7.75M
Effective rate1.21%

Value estimate

· Nov 2026
$10.38M
$9.34M – $11.41M
AI approach$10.38M
CAP approach$7.10M
Submarket $/SF estimate$12.67M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$195/SF
ZIP average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$93 – $311
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R8
The intent of this zone is to establish district regulations for high density multiple-family dwellings, while providing adequate and suf...
General categoryRESIDENTIAL
JurisdictionNEWPORT NEWS CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply22.3
Wholesale Shop21.6
Restaurant16.0

Location

2 Ridgewood Pkwy Newport News, VA 23602-4415
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12500 Jefferson, Newport News, VA 23602-4314 $28,000,000 May 2025 62,420 SF
326 Tabbs, Newport News, VA 23602-5324 $1,285,157 Aug 2024 19,010 SF
12625 Jefferson, Newport News, VA 23602-4315 $21,900,000 Jun 2024 96,747 SF
200 Arthur, Newport News, VA 23602-9444 $5,000,000 Mar 2024 70,785 SF
500 Operations, Newport News, VA 23602-6989 $5,625,000 Jan 2024 35,288 SF
12255 Hornsby, Newport News, VA 23602-6987 $2,700,000 Dec 2023 36,751 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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