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    711 Gum Rock Ct Newport News, VA 23606-4522
    Property profile & analytics

    711 Gum Rock Ct, Newport News, VA 23606-4522

    View on Map

    • Industrial properties
    • 11,214 SF
    • 2.03 lot acres
    Off-Market
    Last Sale Aug 4, 2022
    $1,100,000
    Property ID
    US87-0715712
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    8.8%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Advanced Restoration Services, Inc. / Construction Company / General Contractor

    Property Details for 711 Gum Rock Ct

    Year built
    1982
    Lot size
    2.03 lot acres
    Zone code
    C5
    Property type
    Industrial properties
    APN
    184000201
    APU
    184000201

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 4, 2022 — Gum Rock Property Group LLC North River Investments LLC Gift Deed · related $1.1M · Newport News Shipbuilding Employees
    Dec 21, 2021 $1,100,000 North River Investments LLC 711 Gum Rock Court LLC Warranty Deed $800k · Newport News Shipbuilding Employees
    Mar 26, 2018 $735,000 711 Gum Rock Court LLC Better Homes & Restoration LLC Grant Deed $500k · Union Bk&tr Co/omaha
    Dec 20, 2012 $571,000 Better Homes And Restorations Betty S Parks Warranty Deed $534k · Branch Banking And Trust Co
    — — Better Homes & Restoration LLC — Deed Of Trust · related $200k · Branch Bk&tr
    — — Betty S Parks — Deed Of Trust · related $300k · Towne Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $840,000
      ML approach
      $745,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,235,000
      6.5%
      $1,140,000
      7%
      $1,055,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,392,000
      Market price range: $848k - $1.45M
      AI Estimate
      $876,000
      Market price range: $306k - $1.42M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,165,000
      Current use
      COMMERCIAL (GENERAL)
      $1,485,000
      Change: +27% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News City
    State
    Virginia
    Longitude
    -76.4787
    Latitude
    37.0891
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,075
    $342,000
    $897,100
    $1,239,100
    -
    $342,000
    $897,100
    $1,239,100
    More about this property
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