Newport News Retail
For Sale
$2,200,000
11847 Jefferson Avenue, Newport News, VA 23606
Retail property for sale in Newport News, Virginia.
Property Size7,351 SF
Days on Market239
Property Features for 11847 Jefferson Avenue
General Information
Standard status
Active
Size
7,351 SF
Property subtype
Retail
Building Details
Building Size
7,351 SF
Listing Agency:
S.L. Nusbaum Realty Co
Listed By:
Doug Aronson · License #BK3274104
(757) 287-1490
Source:
Slnusbaum
Added: Feb 25
Changed: Oct 1
Last Checked: Oct 20 at 6:05PM
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 S.L. Nusbaum Realty Co
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Investment Insights
Based on property information with market context.
The property located at 11847 Jefferson Avenue, Newport News, Virginia 23606 is available for sale.
Key Highlights
- Exclusively presented for sale by SLN Capital Markets.
- Property located at 11847 Jefferson Avenue, Newport News, Virginia 23606.
- Division of S.L. Nusbaum Realty Co.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,884
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,237,680
$1.2M
Cap Rate 7%
$884,057
$884.1K
Cap Rate 9%
$687,600
$687.6K
Market Conditions
NOI Build-Up for 7,351 SF
Gross rent
$90.9K $12.36/SF
− Vacancy
−$2.5K −$0.33/SF
EGI
$88.4K $12.03/SF
− OpEx
−$26.5K −$3.61/SF
NOI
$61.9K $8.42/SF
Area
Newport News, VA
Vacancy
2.70%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,237,680
Cap Rate 7%
$884,057
Cap Rate 9%
$687,600
Alternative Uses
Best Use
Retail
$884.1K
$773.6K – $1.03M
NOI $61,884 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,284 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 23606, VA
31,684
Population
13,186
Households
2.4
Avg Household Size
33
Median Age
38%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
3,266
Density / Sq Mi
$69,921
Median Household Income
$38,647
Median Earnings
$1,327
Median Rent
$296,900
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?
Retail space - Retail property for sale in Newport News, Virginia.
Where is this retail space located?
The property is located at 11847 Jefferson Avenue Newport News, VA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Exclusively presented for sale by SLN Capital Markets.; Property located at 11847 Jefferson Avenue, Newport News, Virginia 23606.; Division of S.L. Nusbaum Realty Co.
