Commercial Building Near Newport
7826 Warwick Boulevard Newport News, VA 23607
7826 Warwick Boulevard, Newport News, VA, 23607
$445,000
For Sale
$445,000
COMMERCIAL - Newport News, VA
Property Size3,140 SF
Lot Size0.14 Acres
Price / SF$141.72
Days on Market586
Property Features for 7826 Warwick Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Standard status
- Active
- Size
- 3,140 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1262
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: Dec 9, 2024 Checked: Jul 18 at 3:06 pm
MLS# 10562795
Listing URL
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Investment Insights
Based on property information with market context.
Located on Warwick Boulevard in Newport News, Virginia, this commercial building offers a strategic location. The property, with a size of 3140 square feet and a lot size of 0.14 acres, is zoned C2. Formerly used by a custom fiberglass business, the property is suited for similar uses. The building provides ample space for operations, storage, or customization. The property presents an opportunity for businesses to establish or expand in a high-demand area with visibility and accessibility.
Key Highlights
- Prime commercial location on Warwick Boulevard near Newport News Shipyard.
- High‑demand area with excellent visibility and accessibility.
- Versatile building suitable for various business operations.
Local Financial Insights For Retail
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 | $38.8k | $12.36 |
| − Vacancy | −$1.0k | −$0.33 |
| EGI | $37.8k | $12.03 |
| − OpEx | −$11.3k | −$3.61 |
| NOI | $26.4k | $8.42 |
3,140 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$377.6K
$330.4K – $440.6K
NOI $26,434 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$666.9K
$583.5K – $778.0K
NOI $46,681 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fiberglass Customs
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Versatile commercial building on Warwick Boulevard, Newport News.
Where is this storefront property located?
The property is located at 7826 Warwick Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Prime commercial location on Warwick Boulevard near Newport News Shipyard.; High‑demand area with excellent visibility and accessibility.; Versatile building suitable for various business operations.
