2 Ridgewood Pkwy Newport News, VA 23602-4415
Entity Owned
2-yr Hold
~
Est. High Equity
Estimated value (blended)
$10.38M
Range $9.34M – $11.41M (±10%)
Implied cap rate
4.40%
In-place · NOI ÷ last sale
Property ID
US87-0982261
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Construction
FRAME
Total area
44,605 SF
Lot
12 ac (522,720 SF)
Zoning code
R8
APN
82000104
UPID
US87-0982261
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.38M
CAP Approach
CAP
$7.10M
Comparable Approach
Comparable
$12.67M
Blend (final)
Blend
$10.38M
Owner & transaction history
since 2024
Last sale
$10.4M
3 recorded transactions
Zoning & alternative use
R8 · Newport News, VA
Zoning description
ort 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…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.38M
Value range
$9.34M – $11.41M
±10% around blend
Estimated value / SF
$233 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
30
$9.34M
blend $10.38M
$11.41M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
44,605 SF
Lot area
12 ac
Year built
1990
Stories
1
APN
82000104
Assessed value
$9,785,500
Annual tax
$118,269
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.10M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.70M
@ 6.5% CAP return
$7.10M
@ 7% CAP return
$6.60M
4
Sales comparison
Partial preview
Sales approach indication
$3.98M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.4 mi away · 35,686 SF
12.0 mi away · 45,475 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.38M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 65 sales
$195
+19%
Submarket 412 sales
$135
+72%
County 412 sales
$135
+72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $233/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
4.40%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.40%
9.0%
NOI (est.)
$726k *
Last sale · Apr 2024
$10.37M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$16.51M
Move the market yield to see immediate price impact.
Value / SF
$370
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.90%4.40%4.90%
$654k
$16.76M
$14.85M
$13.34M
$726k
$18.62M
$16.51M
$14.82M
$799k
$20.48M
$18.16M
$16.30M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$4.20M
4.1 mi · Apr 2026 · $84/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$118,269
Tax year 2023
Assessed value
$9,785,500
Assessed 2023
Previous assessed
$9,785,500
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,040,000
Assessed improvement
$7,745,500
Land market value
$2,040,000
Improvement market value
$7,745,500
Total market value
$9,785,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
1
Total area
44,605 SF
Lot
12 ac (522,720 SF)
Zoning code
R8
APN
82000104
UPID
US87-0982261
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
R8 · Newport News, VAZoning R8 · permitted uses
R8 · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
ort 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…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R8
RESIDENTIAL
Jurisdiction
Newport News, VA
Recorded code
R8
Official district
R8
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R8 in Newport News, VA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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