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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Apartment buildings
39 Sweetbriar Dr Newport News, VA 23606-3904
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-1104344
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2002
Total area
4,200 SF
Lot
8.09 ac (352,400 SF)
Zoning code
R8
APN
221000293
UPID
US87-1104344
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
-
Jefferson Dorm Hall Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Cnu University Apartments 2 LLC · 3 yrs held
Cnu University Apartments 2 LLC
since 2022
7 recorded transactions
Zoning & alternative use
R8 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$625 / 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
$6,668
Tax year 2023
Assessed value
$40,551,000
Assessed 2023
Previous assessed
$35,933,000
+12.9% YoY
Effective rate
0.02%
On assessed value
Assessed land
$1,620,000
Assessed improvement
$38,931,000
Land market value
$1,620,000
Improvement market value
$38,931,000
Total market value
$40,551,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2002
Heating
NONE
Stories
3
Units
108
Bathrooms
9
Total area
4,200 SF
Lot
8.09 ac (352,400 SF)
Zoning code
R8
APN
221000293
UPID
US87-1104344
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
R8 · Newport News, VA
Zoning R8 · permitted uses
R8 · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport News. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
3
Units
108
Bathrooms
9
Lot
8.09 ac
Current owner
From public records · entity-resolved
Cnu University Apartments 2 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1 AVE OF THE ARTS, NEWPORT NEWS, VA 23606-3072
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
—
Cnu University Apartments 2 LLC
Christopher Newport University Real
Special Warranty Deed
—
Dec 3, 2018
—
Christopher Newport Unvi Educa Cnu University
—
Deed
related
$11,733,879 · Bank Of America
Jul 14, 2016
—
Christopher Newport Univ Educa
—
Deed
related
$2,642,118 · Bank Of America
Dec 28, 2006
—
Cnu University Apartments LLC
The Christopher Newport Univ E
Grant Deed
related
—
—
—
Christopher Newport Unvi Educa Cnu University
—
Loan Modification
related
$11,733,879 · Bank Of America
—
—
Christopher Newport Univ Educa Cnu University
—
Deed Of Trust
related
$7,474,589 · Prlap INC
—
—
Christopher Newport Univ Educa
—
Loan Modification
related
$2,642,118 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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