Two-Story Flex
10413 Warwick Boulevard, Newport News, VA 23601
For Sale
$449,900
Commercial/Industrial, Newport News, VA
Property Size4,350 SF
Lot Size0.18 Acres
Price / SF$103.43
Days on Market457
Property Features for 10413 Warwick Boulevard
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Listing Agency:
MR Rivera Realty Group
Listed By:
Ronald Rivera
(757) 704-4470
Added: Aug 11, 2025
Changed: Oct 1
Last Checked: Nov 10 at 9:06AM
MLS# 10597027
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.
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Investment Insights
Based on property information with market context.
This 4,350-square-foot commercial building, constructed in 1959, has a two-level layout with distinct office and adaptable areas. The upper floor is arranged for office occupancy, while the larger first floor can support additional office space or be adapted for cafe, restaurant, or retail use. Electric heating, central air, and off-street parking are included.
Positioned at 10413 Warwick Boulevard in Newport News, the property has exposure along Warwick Boulevard and sits near local amenities. C1 zoning and the existing configuration support a range of commercial applications, including professional services, administrative operations, coworking, and other flex-oriented uses.
Positioned at 10413 Warwick Boulevard in Newport News, the property has exposure along Warwick Boulevard and sits near local amenities. C1 zoning and the existing configuration support a range of commercial applications, including professional services, administrative operations, coworking, and other flex-oriented uses.
Key Highlights
- 4,350‑square‑foot commercial building on a 0.18‑acre lot
- C1 zoning supports commercial use
- Two‑level layout with offices on the 2nd floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,699
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,980
$574.0K
Cap Rate 7%
$409,986
$410.0K
Cap Rate 9%
$318,878
$318.9K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$44.4K $10.20/SF
− Vacancy
−$3.4K −$0.78/SF
EGI
$41.0K $9.42/SF
− OpEx
−$12.3K −$2.83/SF
NOI
$28.7K $6.60/SF
Area
Newport News, VA
Vacancy
7.60%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,980
Cap Rate 7%
$409,986
Cap Rate 9%
$318,878
Alternative Uses
Best Use
Office B
$689.3K
$603.2K – $804.2K
NOI $48,252 @ 7.0% cap · market cap 10.73%
Second Best
Industrial
$410.0K
$358.7K – $478.3K
NOI $28,699 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$923.9K
$808.4K – $1.08M
NOI $64,670 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Under-served
Demand for This Use
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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
Similar Off Market Nearby
- David — 463 center ave, newport news, va 23607
Frequently Asked Questions
What type of property is this?
Flex space - C1-zoned commercial building with office configuration upstairs and adaptable space on the main level.
Where is this flex space located?
The property is located at 10413 Warwick Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 4,350‑square‑foot commercial building on a 0.18‑acre lot; C1 zoning supports commercial use; Two‑level layout with offices on the 2nd floor
