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Property profile & analytics
FOR SALE
Commercial real estate
6111 Jefferson Ave Newport News, VA 23605
Entity Owned
15-yr Hold
Free & Clear
Property ID
US87-1340298
For Sale
$675,000
6111 Jefferson Ave, Newport News, VA 23605
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2012
Construction
FRAME
Total area
147,785 SF
Lot
22.66 ac (986,982 SF)
Zoning code
C1
APN
273000325
UPID
US87-1340298
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
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Tenesha A. Bazemore, OD PC Physician
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Money Center Check Cashing
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.53M
Comparable Approach
Comparable
$18.99M
Blend (final)
Blend
$19.28M
Owner & transaction history
Benson-phillips Co INC · 15 yrs held
Benson-phillips Co INC
since 2011
2 recorded transactions
Zoning & alternative use
C1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,495,000
6.5%
$23,530,000
7%
$21,850,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,485,000
Current use
INDUSTRIAL (GENERAL)
$14,080,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$19.28M
Range $17.35M – $21.21M · ±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
$130 / 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
$251,234
Tax year 2023
Assessed value
$17,009,300
Assessed 2023
Previous assessed
$17,009,300
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$5,921,800
Assessed improvement
$11,087,500
Land market value
$5,921,800
Improvement market value
$11,087,500
Total market value
$17,009,300
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2012
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
147,785 SF
Lot
22.66 ac (986,982 SF)
Zoning code
C1
APN
273000325
UPID
US87-1340298
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
C1 · Newport News, VA
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$15.5M
INDUSTRIAL (GENERAL)
Est. value
$14.1M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
22.66 ac
Current owner
From public records · entity-resolved
Benson-phillips Co INC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2011
—
Benson-phillips Co INC
Virginia Electric & Power Co
Quit Claim Deed
related
—
Apr 4, 2011
$4,500,000
Wal-mart Real Estate Busntrust Trust
Benson-phillips Co INC
Grant Deed
—
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.
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?”
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