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    605-639 Pilot House Dr Newport News, VA 23606

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    For Lease
    Contact for pricing

    Retail space for lease in a premier business district.

    Property size:
    1,360 SF
    Lot size:
    2.66 Acres

    Property Features for 605-639 Pilot House Dr

    General Information

    Size
    1,360 SF
    Lot size
    2.66 Acres

    Source: Colliers | Norfolk Agent Chris Read

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Oyster Point

    Located at the intersection of Jefferson Avenue and Pilot House Drive, the property is adjacent to Oyster Point Park, within the Oyster Point business district on the Virginia Peninsula. This area accommodates over 850 businesses and 17,000 workers and is one of the larger office submarkets in Hampton Roads, featuring nearly 2 million square feet of space. Recent commercial development in Oyster Point includes the City Center at Oyster Point, a $350 million, 52-acre mixed-use development planned to include 230,000 square feet of retail space, 1 million square feet of office space, hotels, residential apartments, and condominiums. The available retail space measures 1360 square feet. Signage is available on a monument sign on Pilot House Drive. The property provides two points of access on Pilot House Drive. CAM, Taxes, and Insurance are estimated at $3.60 per square foot, broken down as follows: CAM at $1.74, Insurance at $0.13, and Taxes at $1.73.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News
    State
    Virginia
    Longitude
    -76.4780868
    Latitude
    37.0816024

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    FAQs

    What type of property is this?
    Retail space - Retail space for lease in a premier business district.
    Where is this retail space located?
    The property is located at 605-639 Pilot House Dr Newport News, VA.
    What are key features of this property?
    This property features: - Premier business district location in Oyster Point, home to 850+ businesses and 17,000+ workers.; - Adjacent to Oyster Point Park.; - Proximity to City Center at Oyster Point, a $350 million mixed-use development.
    (757) 450-5198
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    Newport News, VA 23606
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    605-639 Pilot House Dr Newport News, VA 23606
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