Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    473 Wolf Dr Newport News, VA 23601-1900

    • Industrial properties
    • 8,012 SF
    • 3.33 lot acres
    OFF-MARKET
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0956394
    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

    • Wolf Inc. / Construction Company / General Contractor
    • Sea Wolf Sport Fishing / Fishing Club

    Property Details for 473 Wolf Dr

    Year built
    1988
    Construction
    FRAME
    Lot size
    3.33 lot acres
    Property size
    8,012 SF
    Zone code
    M1
    Property type
    Industrial properties
    APN
    213000703
    APU
    213000703

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $880,000
      6.5%
      $815,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,102,000
      Market price range: $589k - $1.10M
      AI Estimate
      $859,000
      Market price range: $230k - $860k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $765,000
      Current use
      COMMERCIAL (GENERAL)
      $950,000
      Change: +25% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News City
    State
    Virginia
    Longitude
    -76.481
    Latitude
    37.0735
    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
    $13,612
    $326,400
    $649,000
    $975,400
    -
    $326,400
    $649,000
    $975,400

    Comparable in this City

    • Value Estimation by Request
      2,376 SF

      836th J Clyde Morris Blvd

      INDUSTRIAL (GENERAL) • 2,376 SF
      836th J Clyde Morris Blvd, Newport News, VA 23601-1303
      View Details
    • Value Estimation by Request
      3,875 SF

      450 Bellwood Rd

      INDUSTRIAL (GENERAL) • 3,875 SF
      450 Bellwood Rd, Newport News, VA 23601-4112
      View Details
    • Value Estimation
      $635,000
      10,881 SF

      9910 Hosier St

      INDUSTRIAL (GENERAL) • 10,881 SF
      9910 Hosier St, Newport News, VA 23601
      View Details
    • Value Estimation by Request
      2,880 SF

      509 Woods Rd

      INDUSTRIAL (GENERAL) • 2,880 SF
      509 Woods Rd, Newport News, VA 23601
      View Details
    • Value Estimation by Request
      5,562 SF

      413 Tyler Ave

      INDUSTRIAL (GENERAL) • 5,562 SF
      413 Tyler Ave, Newport News, VA 23601
      View Details
    • Value Estimation
      $550,000
      9,408 SF

      620 Harpersville Rd

      INDUSTRIAL (GENERAL) • 9,408 SF
      620 Harpersville Rd, Newport News, VA 23601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.59 Acres

      Jefferson Ave Corner Redevelopment Opportunity

      High-traffic 2.59-acre commercial site in Newport News, VA.
      10614 Jefferson Ave, Newport News, VA 23601
      View Details
    • $815,000
      5,230 SF

      Newport News Versatile Office Building

      Centrally located office building with income-producing units in Newport News.
      760 Mcguire Pl, Newport News, VA 23601
      View Details
    • $185,900
      2.05 Acres

      Newport News Land Opportunity

      2.05 acre lot in established Ivy Farms community.
      691 Dresden Dr, Newport News, VA 23601
      View Details
    • New
      $345,000
      3,000 SF

      Newport News Commercial Space

      Commercial space for sale in a prime Newport News location.
      10410 Warwick Blvd, Newport News, VA 23601
      View Details
    • $425,000
      1.12 Acres

      Jefferson Ave Retail Land

      Prime Newport News Commercial Lot
      10764 Jefferson Ave, Newport News, VA 23601
      View Details
    • $520,000
      3,288 SF

      Commercial Property in Hilton Village

      Multi-tenant building in Historic Hilton Village with high visibility.
      10190 Warwick Blvd, Newport News, VA 23601
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      18,561 SF

      Versatile Warehouse Space For Lease

      Warehouse space with office, convenient location, and easy access.
      9616 Hosier St, Newport News, VA 23601
      View Details
    • $14 SF/Yr
      67,000 SF

      Bayberry Village Retail Center

      Prime Retail Space Available Now
      980 J Clyde Morris Blvd, Newport News, VA 23601
      View Details
    • Contact for pricing
      1,131 SF

      Retail Space in Newport News

      Retail spaces available in shopping center anchored by Food Lion.
      10700-10880 Warwick Blvd, Newport News, VA 23601
      View Details
    • $18 SF/Yr
      12,000 SF

      Executive Office Suite, Newport News

      Prime Newport News Office Space - 5,932 SF Available
      11234 Jefferson Ave, Newport News, VA 23601
      View Details
    • $15 SF/Yr
      12,123 SF

      Main Street Medical Office Building

      Prime Newport News Medical Space Available
      321 Main St, Newport News, VA 23601
      View Details
    • $3,500 /Mo
      2,730 SF

      An open floor plan with individual offices for lease

      An open floor plan with individual offices for lease
      306 Tyler, Newport News, VA 23601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    473 Wolf Dr
    Newport News, VA 23601-1900
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.