Mixed-Use Property with Auto
11025 Jefferson Avenue, Newport News, VA 23601
For Sale
New
$899,000
Commercial/Industrial, Newport News, VA
Property Size4,850 SF
Lot Size0.35 Acres
Price / SF$185.36
Days on Market4
Property Features for 11025 Jefferson Avenue
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Automotive Uses
Taxes and HOA fees
Tax Annual Amount
Amenities
furnished sales office
two-bedroom apartment
Building Details
Year built
Roof type
Buildings
Listing Agency:
Sunrise Real Estate Group
Listed By:
Mustafa Cuce · License VA #76040
(757) 805-2286
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 3:06AM
MLS# 10661524
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This C2-zoned mixed-use property comprises two buildings totaling 4,850 square feet on a 0.35-acre parcel. The configuration includes a dealership sales office with furnishings, a vehicle detailing area, a service space equipped with one automotive lift, additional office space, and a two-bedroom apartment on the upper level. The buildings date to 1981 and have shingle roofing.
The property fronts Jefferson Avenue in Newport News, Virginia. On-site areas provide space for vehicle display and customer parking. The residential unit is described as ready to lease, alongside the commercial spaces and vehicle-service areas.
The property fronts Jefferson Avenue in Newport News, Virginia. On-site areas provide space for vehicle display and customer parking. The residential unit is described as ready to lease, alongside the commercial spaces and vehicle-service areas.
Key Highlights
- Two buildings with a combined 4,850 square feet
- 0.35‑acre parcel with frontage on Jefferson Avenue
- Vehicle service area includes one automotive lift
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,198
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,960
$1.0M
Cap Rate 7%
$717,114
$717.1K
Cap Rate 9%
$557,756
$557.8K
Market Conditions
NOI Build-Up for 4,850 SF
Gross rent
$87.3K $18.00/SF
− Vacancy
−$7.0K −$1.44/SF
EGI
$80.3K $16.56/SF
− OpEx
−$30.1K −$6.21/SF
NOI
$50.2K $10.35/SF
Area
Newport News, VA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,960
Cap Rate 7%
$717,114
Cap Rate 9%
$557,756
Alternative Uses
Best Use
Mixed Use
$717.1K
$627.5K – $836.6K
NOI $50,198 @ 7.0% cap · market cap 5.58%
Second Best
Retail
$583.3K
$510.4K – $680.5K
NOI $40,829 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.03M
$901.3K – $1.20M
NOI $72,103 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
126k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Groceries 31%
Dining 11%
Walmart Neighborhood Market
Groceries
39,134 visits/mo
0.4 miles
Wawa
Shops & Services
37,031 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,288 visits/mo
0.4 miles
Taco Bell
Dining
7,944 visits/mo
0.4 miles
Exxon
Shops & Services
6,687 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine vehicle-related work areas, offices, customer parking, and an upstairs residence.
Where is this mixed-use property located?
The property is located at 11025 Jefferson Avenue Newport News, VA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two buildings with a combined 4,850 square feet; 0.35‑acre parcel with frontage on Jefferson Avenue; Vehicle service area includes one automotive lift
