Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Commercial land
222 35th St Newport News, VA 23607-2918
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-1027456
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
1,300 SF
Lot
0.11 ac (5,009 SF)
Zoning code
C3
APN
305030158
UPID
US87-1027456
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
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Griffin Tanner Oasis LLC · 3 yrs held
Griffin Tanner Oasis LLC
since 2023
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
C3 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 the Downtown of Newport News
Zone name
Regional Business
General category
COMMERCIAL
Zone area
239.36 ac
Source
Realmo
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
$1,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.00M (Apr 26 2023)
Last sale anchor
$1.00M
Apr 26 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
$827 / 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
$1,282
Tax year 2023
Assessed value
$70,000
Assessed 2023
Previous assessed
$70,000
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$70,000
Land market value
$70,000
Total market value
$70,000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Total area
1,300 SF
Lot
0.11 ac (5,009 SF)
Zoning code
C3
APN
305030158
UPID
US87-1027456
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
C3 · Newport News, VAZoning C3 · permitted uses
C3 · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 the Downtown of Newport News
Zone name
Regional Business
General category
COMMERCIAL
Zone area
239.36 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Griffin Tanner Oasis LLC
Entity
Free & Clear · 3 yrs held
Mailing address
11835 FISHING PT DR STE #103, NEWPORT NEWS, VA 23606-2584
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Griffin Tanner Oasis
—
Deed
related
$115,000 · Rcp Properties LLC
Apr 26, 2023
$1,000,000
Griffin Tanner Oasis LLC
Jane Claytor Webster
Special Warranty Deed
—
Feb 23, 2022
—
Jane Claytor Webster
Jane Claytor Webster
Intrafamily Transfer
related
—
Dec 30, 2019
—
Episcopal Diocese Of Sthrn Virgin
Episcopal Church St. Pauls
Correction Deed
related
—
Oct 28, 2019
—
Episcopal Diocese Of Sthrn Vir Trust
Episcopal Ch St. Pauls
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 222 35th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
