Newport News Medical Office
401 Oyster Point Road Newport News, VA 23602
401 Oyster Point Road, Newport News, VA, 23602
$3,975,000
For Sale
$3,975,000
COMMERCIAL - Newport News, VA
Property Size17,840 SF
Lot Size1.27 Acres
Price / SF$222.81
Days on Market299
Property Features for 401 Oyster Point Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Standard status
- Active
- Size
- 17,840 SF
- Lot size
- 1.27 Acres
Taxes and HOA fees
- Tax Annual Amount
- 32393
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1990
- Roof type
- Shingle
Listing Agency
RE/MAX Connect
(757) 525-3639
100 Newsome Dr. Suite E, Yorktown, VA
Listed by
Carlyn Menser · License #0225104023
(757) 525-3639
Added: Sep 23, 2025 Checked: Jul 18 at 12:06 am
MLS# 10603099
Listing URL
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Investment Insights
Based on property information with market context.
This 17,840 sq. ft. medical office building is located in Newport News, VA. The property features three fully leased units, providing immediate and stable income. It is strategically located in a highly visible and easily accessible area, surrounded by established businesses, medical providers, and retail amenities. The property is situated on a 1.27-acre lot and is zoned C1. This property offers investors a turnkey, income-producing asset in a thriving corridor and is ideal for those seeking a reliable commercial investment in a prime location.
Key Highlights
- 17,840 sq. ft. medical office building in Newport News.
- Three fully leased units providing immediate and stable income.
- Highly visible and easily accessible prime location.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $310.4k | $17.40 |
| − Vacancy | −$46.6k | −$2.61 |
| EGI | $263.9k | $14.79 |
| − OpEx | −$66.0k | −$3.70 |
| NOI | $197.9k | $11.09 |
17,840 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.83M
$2.47M – $3.30M
NOI $197,890 @ 7.0% cap · market cap 4.98%
Second Best
Healthcare Medical
$2.69M
$2.35M – $3.13M
NOI $188,048 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$3.79M
$3.32M – $4.42M
NOI $265,219 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Sheila Fuller
Physician
Elise French
Physician
Peninsula Orthodontics: Steven ...
Dental Office
Tidewater Dental Arts
Dental Office
Lindsey Sachs
Midwife
Similar For Sale Nearby
Similar Off Market Nearby
- Colony Animal Hospital — 13187 Warwick Blvd, Newport News, VA 23602
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FAQs
What type of property is this?
Medical Office Space - 17,840 SF medical office building in Newport News, VA
Where is this medical office space located?
The property is located at 401 Oyster Point Road Newport News, VA.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: 17,840 sq. ft. medical office building in Newport News.; Three fully leased units providing immediate and stable income.; Highly visible and easily accessible prime location.
