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Property profile & analytics
OFF-MARKET Estimated value $1,420,000
Industrial properties

3606 Acorn Ave Newport News, VA 23607-3230

22,997 SF 1.92 ac lot Built 1953
Entity Owned ~ Est. High Equity
Property ID
US87-0303585
Property summary
AI-generated overview

This exceptional 22,800-square-foot industrial warehouse in Newport News, VA, presents a rare investment opportunity. Located at 3606 Acorn Ave, this single-tenant property boasts a prime location within a well-established industrial hub, zoned M-1. The building, completely renovated in 2024, features 8 loading docks with 8 dock-high doors, providing efficient and convenient access for loading and unloading. Ceiling heights range from 11 to 16 feet, offering ample vertical space. The property includes approximately 1.2 acres of fenced yard space on a 2-acre site, providing extensive outdoor storage capabilities. The warehouse itself comprises approximately 17,500 square feet, complemented by approximately 5,300 square feet of office space. The building's former use as a food distribution center means it's equipped with refrigeration units throughout, readily adaptable for use as fully or partially conditioned space, or as a cold storage facility. A new fire detection and security system has been installed. The property benefits from 800 amp, 3-phase power. Lease terms are available, with a potential for lease-to-own arrangements. NNN rates are standard for office/warehouse space, with rates for conditioned or refrigerated space to be determined based on specific tenant requirements.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1953
Total area 22,997 SF
Lot 1.92 ac (83,635 SF)
Zoning code M1
APN 295010212
UPID US87-0303585
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
Current use
Occupant on record · Public records
  • Produce Source Partners Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$1.42M
Owner & transaction history
Twins Properties LLC
Twins Properties LLC
since 2025
Last sale
$1.4M
3 recorded transactions
2025
$1.4M
2024
$650,000
2024
Price N/A
Zoning & alternative use
M1 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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