Newport News Restaurant
9900 Jefferson Avenue Newport News, VA 23605
9900 Jefferson Avenue, Newport News, VA, 23605
$520,000
For Sale
$520,000
COMMERCIAL - Newport News, VA
Property Size2,254 SF
Lot Size0.79 Acres
Price / SF$230.70
Days on Market377
Property Features for 9900 Jefferson Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Standard status
- Active
- Size
- 2,254 SF
- Lot size
- 0.79 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4813
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- 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: Jul 7, 2025 Checked: Jul 18 at 12:06 am
MLS# 10591713
Listing URL
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Investment Insights
Based on property information with market context.
This commercial property, suitable for restaurants, is located in Newport News, Virginia. The property is situated in a high-visibility location with high daily traffic and a strong community presence. The lot size is 0.79 acres and the property size is 2254 square feet. The zoning is C1. This property presents an opportunity to acquire a commercial restaurant property.
Key Highlights
- Prime commercial restaurant property in Newport News, Virginia.
- High‑visibility location with high daily traffic count.
- Turn‑key opportunity for a culinary venture.
Local Financial Insights For Specialty 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 | $27.9k | $12.36 |
| − Vacancy | −$752 | −$0.33 |
| EGI | $27.1k | $12.03 |
| − OpEx | −$6.8k | −$3.01 |
| NOI | $20.3k | $9.02 |
2,254 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$290.4K
$254.1K – $338.8K
NOI $20,330 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.7K
$418.9K – $558.5K
NOI $33,509 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rick's Cheese Steak ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- David — 463 center ave, newport news, va 23607
- Jibble Jabble Eatz — 6139 Jefferson Ave, Newport News, VA 23601
FAQs
What type of property is this?
Restaurant - Commercial restaurant property in a high-traffic Newport News location.
Where is this restaurant located?
The property is located at 9900 Jefferson Avenue Newport News, VA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Prime commercial restaurant property in Newport News, Virginia.; High‑visibility location with high daily traffic count.; Turn‑key opportunity for a culinary venture.
