Newport News Office
760 Mcguire Place Newport News, VA 23601
760 Mcguire Place, Newport News, VA, 23601
$785,000
For Sale
$785,000
COMMERCIAL - Newport News, VA
Property Size5,230 SF
Lot Size0.40 Acres
Price / SF$150.10
Days on Market317
Property Features for 760 Mcguire Place
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- O1
- Standard status
- Active
- Size
- 5,230 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5575
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1985
- 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 5, 2025 Checked: Jul 18 at 12:06 am
MLS# 10600649
Listing URL
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building is centrally located in Newport News. The property offers two professional office suites. One unit is currently occupied by the owner, and another professional office unit is leased. There is a third income-producing unit being leased. The property is an income-producing asset. It has visibility and accessibility in a location close to business corridors, shopping, dining, and transportation routes. The property provides flexible space for professional uses while offering rental income. The property size is 5230 square feet and the lot size is 0.4 acres. The zoning is O1. It is located in Newport News, VA 23601.
Key Highlights
- Income‑producing property with two existing leases
- Prime central location in Newport News with excellent visibility and accessibility
- Versatile office building suitable for investors or owner‑occupants
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 | $91.0k | $17.40 |
| − Vacancy | −$13.7k | −$2.61 |
| EGI | $77.4k | $14.79 |
| − OpEx | −$19.3k | −$3.70 |
| NOI | $58.0k | $11.09 |
5,230 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$828.8K
$725.2K – $966.9K
NOI $58,014 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$971.9K – $1.30M
NOI $77,752 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hanger Law - Peninsula ...
Law Firm
Virginia Anesthesia and Perioperative ...
Medical Clinic
Apartment Council of Peninsula
Apartment Building
Studwell Business Solutions
Consultant
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FAQs
What type of property is this?
Office building - Versatile office building in central Newport News with income potential.
Where is this office building located?
The property is located at 760 Mcguire Place Newport News, VA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Income‑producing property with two existing leases; Prime central location in Newport News with excellent visibility and accessibility; Versatile office building suitable for investors or owner‑occupants
