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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Quadplexes
600 74th St Newport News, VA 23605
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-3740180
Property summary
AI-generated overview
This is a 12-unit multifamily property located in Newport News, VA. The property has a history of rental income, including Section 8 tenants. All 12 units are equipped with HVAC systems, with replacements planned. Ten units feature updated kitchens and bathrooms. Five units have replaced water heaters, and six units include new carpet. The stairs and walkways feature fresh paint. Major building systems have been updated, including main pipeline replacement. The parking lot was resurfaced, and fencing was installed. An on-site security system is in place. The property is zoned C2 and has a living area of 11400 square feet.
Property profile
Verified
Property type
Quadplexes
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Total area
700 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C2
APN
279000214
UPID
US87-3740180
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
600-74 LLC · 4 yrs held
600-74 LLC
since 2021
Last sale
$900,000
3 recorded transactions
Zoning & alternative use
C2 · 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
Method
Estimation
Statistic approach
$1,045,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $900k (Dec 2 2021)
Last sale anchor
$900k
Dec 2 2021
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
$1,407 / 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
$10,110
Tax year 2023
Assessed value
$794,000
Assessed 2023
Previous assessed
$794,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$120,000
Assessed improvement
$674,000
Land market value
$120,000
Improvement market value
$674,000
Total market value
$794,000
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
Quadplexes
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1966
Heating
NONE
Units
12
Bathrooms
1
Total area
700 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C2
APN
279000214
UPID
US87-3740180
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
C2 · Newport News, VA
Zoning C2 · permitted uses
C2 · 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
1966
Heating
NONE
Units
12
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
600-74 LLC
Entity
Mailing address
445 LINDSAY LNDG LN, YORKTOWN, VA 23692-3333
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$900,000
600-74 LLC
Newmarket Garden LLC
Warranty Deed
$720,000 · Vcc Bank
Sep 30, 2008
$530,000
Newmarket Court LLC
Ddd Investments LLC
Warranty Deed
$250,000 · Old Point Nat'l Bank
Mar 23, 2007
$539,000
Ddd Investments LLC
Hampton Promotions INC
Grant Deed
$545,000 · David C Rosser JR
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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