Property profile

720 Thimble Shls Blvd Newport News, VA 23606

OFF-MARKET
Industrial properties
Property ID
US87-0284539
82,397 SF 6.94 ac lot Built 1991
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1991
Total area 82,397 SF
Lot 6.94 ac (302,089 SF)
Zoning code C4
APN 196000119
UPID US87-0284539

Cap rate & NOI

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

Location

720 Thimble Shls Blvd Newport News, VA 23606-4537
Newport News metro Census 32128 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.58M
Blend (final) Blend
$4.33M

Owner & transaction history

since 2020
Last sale
$5.0M
3 recorded transactions
2020
$5.0M
2018
$4.5M
2004
$43,613

Zoning & alternative use

C4 · Newport News, VA
Zoning description

The purpose of this zone is to establish district regulations creating a well organized, landscaped environment for Oyster Point business district which is proposed for a concentration of professional and business office…

General category INDUSTRIAL

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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