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    9616 Hosier Street Newport News, VA 23601

    View on Map
    For Lease
    $5 SF/Yr

    Lease,Commercial/Industrial-lease - Newport News, VA

    Property size:
    18,561 SF
    Lot size:
    0.83 Acres
    Added:
    May 23, 2025
    Days on Market:
    314
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 9616 Hosier Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    M1
    Interior features
    Inside Storage, Public Restrms
    Standard status
    Active
    Size
    18,561 SF
    Lot size
    0.83 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Baylee Wang
    Baylee Wang

    Listing agent Baylee Wang

    Listing office Real Property Management Pen 528 Scotland St., Williamsburg, VA

    Listing date May 23, 2025

    MLS# 10584887 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.

    Overview

    Versatile Warehouse Space For Lease

    Available for lease is a versatile warehouse space located just behind the Hilton Shopping Center in a convenient, centrally located area. The property features office space equipped with an HVAC system. The property can be divided to suit specific needs. It is ideal for business owners seeking a secure location to store inventory, supplies, valuable vehicles, or construction materials. This warehouse is suitable for retail, contracting, or overflow space needs. Located just 5 minutes from the James River Bridge and 10 minutes from the I-664 bridge-tunnel, it offers easy access to major thoroughfares for smooth transportation and logistics. The property is zoned for light industrial use. One unit at 9616 Hosier offers 13,136 square feet total with 11,136 square feet of warehouse space and 2,000 square feet of office space. Another unit at 9800 Hosier provides 5,425 square feet total with 5,000 square feet of warehouse space and 425 square feet of office space. The lot size is 0.83 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hampton Roads Giclée ... Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Extra Space Storage — 25 Tyler Ave, Newport News, VA 23601
    • Go Store It Self Storage — 5400 W Mercury Blvd, Hampton, VA 23605
    • Go Store It Self Storage — 5200 W Mercury Blvd, Newport News, VA 23605
    • Extra Space Storage — 9707 Jefferson Ave, Newport News, VA 23605

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News
    State
    Virginia
    Longitude
    -76.4542293
    Latitude
    37.0261461

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    FAQs

    What type of property is this?
    Warehouse - Warehouse space with office, convenient location, and easy access.
    Where is this warehouse located?
    The property is located at 9616 Hosier Street Newport News, VA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Centrally located with easy access to major thoroughfares, just 5 minutes from James River Bridge and 10 minutes from I‑664 bridge‑tunnel.; Flexible warehouse space suitable for various business needs including retail, contracting, and storage.; Includes office space with HVAC system for year‑round comfort.
    (757) 303-6881
    We can help!
    Listing Contact
    Baylee Wang
    Baylee Wang
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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