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Property profile & analytics
OFF-MARKET
Commercial land
2809 Huntington Ave Newport News, VA 23607-3915
Entity Owned
10-yr Hold
Free & Clear
Property ID
US87-3889775
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.17 ac (7,492 SF)
Zoning code
C3
APN
311010264
UPID
US87-3889775
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gigo LLC · 10 yrs held
Gigo LLC
since 2016
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,606
Tax year 2023
Assessed value
$82,500
Assessed 2023
Previous assessed
$82,500
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$82,500
Land market value
$82,500
Total market value
$82,500
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
Lot
0.17 ac (7,492 SF)
Zoning code
C3
APN
311010264
UPID
US87-3889775
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
0.17 ac
Current owner
From public records · entity-resolved
Gigo LLC
Entity
Free & Clear · 10 yrs held
Mailing address
101 RIVERSIDE DR, SUFFOLK, VA 23435-1730
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
—
Gigo LLC
—
Deed
related
$650,000 · Dollar Bank Federal Savings Bank
Mar 24, 2016
$201,780
Gigo LLC
Law Rentals INC
Grant Deed
—
Feb 18, 2005
$250,000
Law Rentals INC
Edward,gary S Nachman William M Nachm
Grant Deed
$249,500 · Sarfan-nachman Unified Credit
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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