Property profile

711 Gum Rock Ct Newport News, VA 23606

OFF-MARKET
Industrial properties
Property ID
US87-0715712
11,214 SF 2.03 ac lot Built 1982
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1982
Total area 11,214 SF
Lot 2.03 ac (88,427 SF)
Zoning code C5
APN 184000201
UPID US87-0715712

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

711 Gum Rock Ct Newport News, VA 23606-4522
Newport News metro Census 32128 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
$1.14M
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$840k

Owner & transaction history

since 2022
Last sale
$1.1M
6 recorded transactions
2022
Price N/A
2021
$1.1M
2018
$735,000
2012
$571,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C5 · Newport News, VA
Zoning description

The purpose of this zone is to establish district regulations creating the Oyster Point Business/Manufacturing district which is proposed for a concentration of manufacturing, industrial, institutional, transportation an…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $1.5M +27.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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