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    Property profile & analytics

    275 Picketts Line Newport News, VA 23603-1367

    • Industrial properties
    • 90,000 SF
    • 6.40 lot acres
    OFF-MARKET
    Value Estimation
    $8,695,000
    Last Sale
    Apr 04, 2024
    $8,600,000
    Location Intelligence
    Property ID
    US87-2316883
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 275 Picketts Line

    Year built
    1998
    Construction
    FRAME
    Lot size
    6.40 lot acres
    Property size
    90,000 SF
    Zone code
    M2
    Property type
    Industrial properties
    APN
    41000121
    APU
    41000121

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,950,000
      6.5%
      $9,240,000
      7%
      $9,460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $9,645,000
      Geo Method
      $7,900,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,600,000
      Retail
      $9,195,000
      Mixed-Use
      $8,105,000
      Hospitality
      $7,905,000
      Educational
      $9,510,000
      Residential Income
      $8,665,000
      Energy
      $9,940,000
      Income-Based Land
      $9,110,000
      Food Service
      $9,895,000

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News City
    State
    Virginia
    Longitude
    -76.5735
    Latitude
    37.1763
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $73,643
    $576,200
    $4,937,200
    $5,513,400
    -
    $576,200
    $4,937,200
    $5,513,400

    Comparable in this City

    • Value Estimation by Request
      7,056 SF

      212 Picketts Line

      INDUSTRIAL (GENERAL) • 7,056 SF
      212 Picketts Line, Newport News, VA 23603
      View Details
    • Value Estimation by Request
      151,883 SF

      190 Enterprise Dr

      INDUSTRIAL (GENERAL) • 151,883 SF
      190 Enterprise Dr, Newport News, VA 23603-1368
      View Details
    • Value Estimation by Request
      7,200 SF

      110 Harwood Dr

      INDUSTRIAL (GENERAL) • 7,200 SF
      110 Harwood Dr, Newport News, VA 23603-1370
      View Details
    • Value Estimation by Request
      6,325 SF

      17405 Warwick Blvd

      INDUSTRIAL (GENERAL) • 6,325 SF
      17405 Warwick Blvd, Newport News, VA 23603-1324
      View Details
    • Value Estimation
      $325,000
      1,102 SF

      18 Yorktown Rd

      INDUSTRIAL (GENERAL) • 1,102 SF
      18 Yorktown Rd, Newport News, VA 23603-1126
      View Details
    • Value Estimation by Request
      275,512 SF

      17200 Warwick Blvd

      INDUSTRIAL (GENERAL) • 275,512 SF
      17200 Warwick Blvd, Newport News, VA 23603-1312
      View Details

    Similar Nearby for Sale

    • $749,900
      2.15 Acres

      Newport News Industrial Land For Sale

      2.15 acres of M2 zoned land with income potential.
      17247 Warwick Blvd, Newport News, VA 23603
      View Details
    • $250,000
      Pending

      Land with Development Potential

      Land in Newport News, VA, ideal for development.
      171 Crafford Rd, Newport News, VA 23603
      View Details
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    275 Picketts Line
    Newport News, VA 23603-1367
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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