Freestanding Retail Store with
10185 Warwick Blvd Newport News, VA 23601
10185 Warwick Blvd, Newport News, VA, 23601
Contact for pricing
For Sale
Contact for pricing
Former 7-Eleven on a signalized corner offers on-site parking and a retail-adaptable layout with remaining lease income.
Property Size2,436 SF
Lot Size0.30 Acres
Price / SF$246.31
Days on Market167
Property Features for 10185 Warwick Blvd
General Information
- Standard status
- Active
- Size
- 2,436 SF
- Lot size
- 0.30 Acres
- Property subtype
- RETAIL
Listing agency
Matthews Real Estate Investment Services | Dallas
(903) 316-9434
Listed by
Lee Cordova · License #PB00084217(AR)
(903) 316-9434
Source
Moodyscre
Added: Feb 5 Updated: Jul 21 at 11:21PM Checked: Jul 21 at 11:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Dallas
Investment Insights
Based on property information with market context.
This freestanding retail property consists of a former 7-Eleven building totaling 2,436 SF on a 0.30-acre lot with on-site parking. The site is described as a flexible, retail-adaptable layout that can support multiple alternative uses. The property also benefits from a remaining lease term of two years, with the tenant responsible for rent during the remainder of the lease.
The location is a hard signalized corner positioned at the intersection of two major roads, designed to provide strong exposure and convenient access. The surrounding trade area is supported by population of 155,306 residents within a 5-mile radius with stable population growth and favorable consumer demographics, as noted in the property remarks.
Overall, it presents an owner-user or investor fit seeking current income while planning repositioning, redevelopment, or other options aligned with the freestanding corner site.
The location is a hard signalized corner positioned at the intersection of two major roads, designed to provide strong exposure and convenient access. The surrounding trade area is supported by population of 155,306 residents within a 5-mile radius with stable population growth and favorable consumer demographics, as noted in the property remarks.
Overall, it presents an owner-user or investor fit seeking current income while planning repositioning, redevelopment, or other options aligned with the freestanding corner site.
Key Highlights
- 2,436 SF former 7‑Eleven on a 0.30‑acre lot
- Signalized corner at the intersection of two major roads for prominent exposure and convenient access
- Two years of lease term remaining, with the tenant responsible for rent through the remainder of the lease
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 | $30.1k | $12.36 |
| − Vacancy | −$813 | −$0.33 |
| EGI | $29.3k | $12.03 |
| − OpEx | −$7.3k | −$3.01 |
| NOI | $22.0k | $9.02 |
2,436 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$313.9K
$274.7K – $366.2K
NOI $21,972 @ 7.0% cap · market cap 3.66%
Second Best
Retail
$293.0K
$256.3K – $341.8K
NOI $20,507 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$517.4K
$452.7K – $603.6K
NOI $36,215 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
7-Eleven
Grocery & Convenience Store
Citibank ATM
Atm
Western Union
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Former 7-Eleven on a signalized corner offers on-site parking and a retail-adaptable layout with remaining lease income.
Where is this grocery and convenience store located?
The property is located at 10185 Warwick Blvd Newport News, VA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,436 SF former 7‑Eleven on a 0.30‑acre lot; Signalized corner at the intersection of two major roads for prominent exposure and convenient access; Two years of lease term remaining, with the tenant responsible for rent through the remainder of the lease
