Financial
Distress signals
Property profile

5862 Jefferson Ave Newport News, VA 23605

FOR SALE
Other commercial real estate
Property ID
US87-0492407
714 SF 0.34 ac lot Built 1960
Last sale May 2025 · $260,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a 746-square-foot take-out/drive-up style commercial building located in Newport News, Virginia, on a 0.34-acre lot. It is zoned C1 and includes walk-in fridge/freezer storage as well as a private owner’s bathroom. The building is configured for food-service and related uses, and any existing equipment was included with the property on an as-is basis.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$132k
Assessed land$90k
Assessed improvement$42k
Effective rate2.06%

Value estimate

· Sep 2026
$190k
$171k – $209k
NOI build-up
Gross scheduled income$9k
Vacancy & credit loss−$248
Operating expenses−$2k
NOI · 2.59% cap applied$7k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$105/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$54 – $147
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2.59%
$7k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
The intent of this zone is to establish district regulations for business uses including offices, retail sales, retail services, business...
General categoryCOMMERCIAL
JurisdictionNEWPORT NEWS CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency32.5
Dental Office26.2
Restaurant25.4

Location

5862 Jefferson Ave Newport News, VA 23605
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9 Lee, Newport News, VA 23605-1007 $80,000 May 2024 681 SF
11 Lee, Newport News, VA 23605-1007 $140,000 May 2024 1,438 SF
811 79th, Newport News, VA 23605-2205 $183,000 Sep 2023 1,800 SF
5964 Jefferson, Newport News, VA 23605-3232 $260,000 Jun 2022 1,635 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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