Office Unit with Private
New
For Sale
Contact for pricing
10357 Warwick Blvd #A, Newport News, VA 23601
A reception area and three private offices support a range of professional work arrangements.
Property Size1,400 SF
Price / SF$1.64
Days on Market5
Property Features for 10357 Warwick Blvd #A
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial/Industrial
Zoning
C1
Site & Location
Neighborhood
North Hilton
Utilities to Site
Yes
Building Details
Building Size
1,400 SF
Year Built
1920
Stories
1
Units
3
Listing Agency:
Hogge Real Estate Inc
Listed By:
Wendy Hogge · License #0225104842
(804) 815-2355
Source:
Hoggerealestate
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:07AM
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 Hogge Real Estate Inc
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Investment Insights
Based on property information with market context.
This 1,400-square-foot office unit at 10357 Warwick Boulevard, Unit A, combines a reception area with three private offices. Built in 1920, the property is zoned C1 and sits within the Hilton Village Historic District. Signage approval is required, and commercial tenants must obtain city business approval and any other approvals applicable to their intended use and signage.
The property is in Newport News, near Warwick Boulevard shops and Danny’s Delicatessen. Main Street, Christopher Newport University, Riverside Regional Medical Center, and City Center at Oyster Point are also identified as nearby destinations.
The property is in Newport News, near Warwick Boulevard shops and Danny’s Delicatessen. Main Street, Christopher Newport University, Riverside Regional Medical Center, and City Center at Oyster Point are also identified as nearby destinations.
Key Highlights
- 1,400‑square‑foot office unit with a reception area and three private offices
- Located within the Hilton Village Historic District
- C1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,529
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,580
$310.6K
Cap Rate 7%
$221,843
$221.8K
Cap Rate 9%
$172,544
$172.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$24.4K $17.40/SF
− Vacancy
−$3.7K −$2.61/SF
EGI
$20.7K $14.79/SF
− OpEx
−$5.2K −$3.70/SF
NOI
$15.5K $11.09/SF
Area
Newport News, VA
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,580
Cap Rate 7%
$221,843
Cap Rate 9%
$172,544
Alternative Uses
Best Use
Office B
$221.8K
$194.1K – $258.8K
NOI $15,529 @ 7.0% cap · market cap 675.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.3K
$260.2K – $346.9K
NOI $20,813 @ 7.0% cap · market cap 904.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 23601, VA
25,729
Population
12,593
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,477
Density / Sq Mi
$71,345
Median Household Income
$48,310
Median Earnings
$1,231
Median Rent
$235,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area and three private offices support a range of professional work arrangements.
Where is this office unit located?
The property is located at 10357 Warwick Blvd #A Newport News, VA.
What are key features of this property?
This property features: 1,400‑square‑foot office unit with a reception area and three private offices; Located within the Hilton Village Historic District; C1 zoning
