Mixed-Use Property with Auto
For Sale
$949,000
11025 Jefferson Avenue, Newport News, VA 23601
Commercial/Industrial, Newport News, VA
Property Size4,850 SF
Lot Size0.35 Acres
Price / SF$195.67
Days on Market50
Property Features for 11025 Jefferson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
IVY FARMS
Standard status
Active
Size
4,850 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Annual Amount
5299
Amenities
furnished sales office
vehicle cleaning and detailing space
service area with one automotive lift
additional office space
upstairs two-bedroom apartment
Building Details
Year built
1981
Roof type
Shingle
Listing Agency:
Sunrise Real Estate Group
Listed By:
Mustafa Cuce
(757) 805-2286
Added: Sep 3
Changed: Oct 4
Last Checked: Oct 22 at 6:06PM
MLS# 10652156
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.
Two buildings on a 0.35-acre parcel bring automotive and residential uses together at 11025 Jefferson Avenue. The property totals 4,850 square feet and includes a dealership sales office with two work areas, vehicle cleaning and detailing space, a service area with one automotive lift, and additional office space. A furnished sales office and a two-bedroom apartment on the upper floor are also part of the property.
The site has frontage on Jefferson Avenue and is zoned C2. The buildings were constructed in 1981. The automotive areas, multiple office spaces, and apartment provide a range of existing spaces within the property.
The site has frontage on Jefferson Avenue and is zoned C2. The buildings were constructed in 1981. The automotive areas, multiple office spaces, and apartment provide a range of existing spaces within the property.
Key Highlights
- Two buildings totaling 4,850 square feet on 0.35 acres
- Automotive service area includes one lift
- Upstairs apartment has two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,198
Cap Rate
5.29%
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 5.29%
Second Best
Retail
$583.3K
$510.4K – $680.5K
NOI $40,829 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.03M
$901.3K – $1.20M
NOI $72,103 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Service bays
1
Residential units
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Automotive sales, detailing, and service areas are combined with office space and an upstairs apartment.
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 $949,000.
What are key features of this property?
This property features: Two buildings totaling 4,850 square feet on 0.35 acres; Automotive service area includes one lift; Upstairs apartment has two bedrooms
