Property profile

724 City Ctr Blvd Newport News, VA 23606

OFF-MARKET
Industrial properties
Property ID
US87-1064635
19,664 SF 1.24 ac lot Built 1986
Individually Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1986
Construction FRAME
Total area 19,664 SF
Lot 1.24 ac (54,145 SF)
Zoning code C5
APN 184000116
UPID US87-1064635

Cap rate & NOI

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

Location

724 City Ctr Blvd Newport News, VA 23606-3081
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.72M
Blend (final) Blend
$1.33M

Owner & transaction history

since 2016
3 recorded transactions
2017
Price N/A
2016
$850,000
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

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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