Flex Space with New
10410 Warwick Boulevard Newport News, VA 23601
New
For Sale
$299,900
COMMERCIAL - Newport News, VA
Property Size3,000 SF
Lot Size0.19 Acres
Price / SF$99.97
Days on Market4
Property Features for 10410 Warwick Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3129
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Wall/Window Unit(s)
Building Details
- Year built
- 1940
Listing Agency:
EXP Realty LLC
(866) 825-7169
Listed By:
Craig Mclellon · License #0225-208129
(866) 825-7169
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 8:06AM
MLS# 10645445
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.
Investment Insights
Based on property information with market context.
For sale, this updated C-1 commercial flex/warehouse property at 10410 Warwick Boulevard offers multiple functional options with a refreshed exterior and substantial building improvements. The updates include new exterior paint, a new roof, new HVAC, new windows, and new garage doors, supporting a range of light commercial uses.
The property is positioned in the heart of Newport News, described as just minutes from Hilton Village, with excellent visibility. The listing notes flexibility for storage, retail, office, showroom, or service business operations.
With approximately 3,000 square feet of building area on a 0.19-acre lot, this property is sized for practical day-to-day operations where a versatile interior and updated exterior systems are important.
The property is positioned in the heart of Newport News, described as just minutes from Hilton Village, with excellent visibility. The listing notes flexibility for storage, retail, office, showroom, or service business operations.
With approximately 3,000 square feet of building area on a 0.19-acre lot, this property is sized for practical day-to-day operations where a versatile interior and updated exterior systems are important.
Key Highlights
- C‑1 commercial property in Newport News, built in 1940
- Recent updates include new roof, new HVAC, new windows, and fresh exterior paint
- Includes wall/window A/C units and electric heating
Financial Insights For Warehouse
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 | $30.6k | $10.20 |
| − Vacancy | −$2.3k | −$0.78 |
| EGI | $28.3k | $9.42 |
| − OpEx | −$4.2k | −$1.41 |
| NOI | $24.0k | $8.01 |
3,000 SF · lease $10.20/SF/yr · vacancy 7.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$343.3K
$300.4K – $400.6K
NOI $24,033 @ 7.0% cap · market cap 8.01%
Second Best
Industrial
$282.7K
$247.4K – $329.9K
NOI $19,792 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$637.1K
$557.5K – $743.3K
NOI $44,600 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- David — 463 center ave, newport news, va 23607
FAQs
What type of property is this?
Flex space - C-1 flex/warehouse features new roof, HVAC, windows, and garage doors, offering versatile storage, retail, office, or service uses.
Where is this flex space located?
The property is located at 10410 Warwick Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: C‑1 commercial property in Newport News, built in 1940; Recent updates include new roof, new HVAC, new windows, and fresh exterior paint; Includes wall/window A/C units and electric heating
