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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Industrial properties
721 Flag Stone Way Newport News, VA 23608-5200
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1227674
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2011
Total area
10,344 SF
Lot
6.37 ac (277,477 SF)
Zoning code
M1
APN
54000303
UPID
US87-1227674
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
-
Frito Lay Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$987k
Blend (final)
Blend
$970k
Owner & transaction history
Dkota Investments INC · 3 yrs held
Dkota Investments INC
since 2022
7 recorded transactions
Zoning & alternative use
M1 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+44.9%
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%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$985,000
Current use
COMMERCIAL (GENERAL)
$1,430,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$94 / 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
$23,770
Tax year 2023
Assessed value
$1,557,200
Assessed 2023
Previous assessed
$1,557,200
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$573,600
Assessed improvement
$983,600
Land market value
$573,600
Improvement market value
$983,600
Total market value
$1,557,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2011
Heating
HEAT PUMP
Stories
1
Total area
10,344 SF
Lot
6.37 ac (277,477 SF)
Zoning code
M1
APN
54000303
UPID
US87-1227674
Jurisdiction
NEWPORT NEWS CITY
Zoning & alternative use
M1 · Newport News, VA
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (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
2011
Heating
HEAT PUMP
Stories
1
Lot
6.37 ac
Current owner
From public records · entity-resolved
Dkota Investments INC
Entity
Mailing address
4848 LEMMON AVE STE #622, DALLAS, TX 75219-1400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
—
Dkota Investments INC
—
Deed
related
$2,931,280 · Pilgrim Bank
Oct 3, 2022
—
Dkota Investments INC
—
Deed
related
$3,200,000 · Pilgrim Bank
Aug 11, 2020
—
Dkota Investments INC
—
Deed
related
$1,290,000 · Pilgrim Bk
Jul 28, 2017
—
Dkota Investments INC
—
Deed
related
$915,012 · Pilgrim Bk
—
—
Dkota Investments INC
—
Loan Modification
related
$1,191,070 · Pilgrim Bank
—
—
Dkota Investments INC
—
Loan Modification
related
$915,012 · Pilgrim Bk
—
—
Dkota Investments INC
—
Loan Modification
related
$1,290,000 · Pilgrim Bk
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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