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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Industrial properties
5875 Jefferson Ave Newport News, VA 23605-3219
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US87-1052213
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1966
Construction
FRAME
Total area
34,185 SF
Lot
1.34 ac (58,327 SF)
Zoning code
M1
APN
283000215
UPID
US87-1052213
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
-
Global Solutions, Inc Construction Company
-
Skyline Roofing Roofing Company General Contractor
-
Granite Countertop Experts, LLC Construction Company
-
Master Machine & Tool Co (Commercial Customers only) Industrial Manufacturer
-
Acoustic Ceilings Inc Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$1.86M
Owner & transaction history
Master Land Holdings LLC · 15 yrs held
Master Land Holdings LLC
since 2010
7 recorded transactions
Zoning & alternative use
M1 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
content or provision of the data. Fort Eustis JLUS Study Area Fort Eustis City of Newport News Boundary County Boundary York County Zoning EO GB IG IL LB NB PD R7 R13 R20 R33 RMF RR RC WCI YVA Newport News Zoning C1 C2 M1 M2 O1 O2 P1 R1 R2 R3 R4 R5 R6 R7 R8 R9 James City County Zoning B1 LB M1 M2 MU PL R2 R4 R5 R8 L E G E N D ̈§¦64 James River S u r r yS u r…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,990.83 ac
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / 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
$15,055
Tax year 2023
Assessed value
$869,700
Assessed 2023
Previous assessed
$869,700
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$233,300
Assessed improvement
$636,400
Land market value
$233,300
Improvement market value
$636,400
Total market value
$869,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1966
Construction
FRAME
Heating
SPACE
Buildings
2
Stories
1
Rooms
2
Total area
34,185 SF
Lot
1.34 ac (58,327 SF)
Zoning code
M1
APN
283000215
UPID
US87-1052213
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
M1 · Newport News, VAZoning M1 · permitted uses
M1 · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
content or provision of the data. Fort Eustis JLUS Study Area Fort Eustis City of Newport News Boundary County Boundary York County Zoning EO GB IG IL LB NB PD R7 R13 R20 R33 RMF RR RC WCI YVA Newport News Zoning C1 C2 M1 M2 O1 O2 P1 R1 R2 R3 R4 R5 R6 R7 R8 R9 James City County Zoning B1 LB M1 M2 MU PL R2 R4 R5 R8 L E G E N D ̈§¦64 James River S u r r yS u r r y C o u n t yC o u n t y N e w p o r tN e w p o r t N e w sN e w s I s l eI s
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,990.83 ac
Building & site characteristics
From public records
Year built
1966
Construction
FRAME
Heating
SPACE
Stories
1
Buildings
2
Rooms
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
Master Land Holdings LLC
Entity
Mailing address
5857 JEFFERSON AVE, NEWPORT NEWS, VA 23605-3219
Ownership since
2010
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
Oct 8, 2010
$450,000
Master Land Holdings LLC
Aci Properties LLC
Grant Deed
$400,000 · Towne Bank
Sep 19, 2006
—
Aci Properties LLC
Royall,john F III & Lynn T
Grant Deed
related
—
—
—
Master Land Holdings LLC
—
Deed Of Trust
related
$179,000 · Tidewater Busn Financing Corp
—
—
Master Land Holdings LLC
—
Deed Of Trust
related
$300,000 · Newport News Redev & Hsng Auth
—
—
Aci Properties LLC
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co
—
—
Master Land Holdings LLC
—
Deed Of Trust
related
$225,000 · Towne Bank
—
—
Master Land Holdings LLC
—
Deed Of Trust
related
$150,000 · Towne Bank
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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