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    716 Denbigh Blvd Newport News, VA 23608

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    For Sale
    $1,583,000

    Leased medical office building near hospital with strong demographics.

    Property size:
    6,344 SF
    Lot size:
    0.56 Acres

    Property Features for 716 Denbigh Blvd

    General Information

    Size
    6,344 SF
    Lot size
    0.56 Acres

    Source: Marcus & Millichap | Phoenix Agent Sean Lenchner

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

    Overview

    Medical Office Near Hospital

    This 6,344 square foot medical office is located within the Denbigh Medical Center Office Complex, adjacent to Bon Secours Mary Immaculate Hospital, which has over 120 beds. The property benefits from its proximity to Charter Senior Living of Newport News and Warwick Forest Retirement Community. It is easily accessible via Denbigh Boulevard, which sees 24,000 cars per day. The surrounding Newport News trade area has a growing population, with 147,121 residents within a 5-mile radius. The average household income in the surrounding area exceeds $87,000. The property has over 4 years remaining on the lease, with 3% annual rent increases and multiple renewal options.
    Insight Report Location Intelligence

    Current Use by Public Records

    Margaret V. Blanchard, ... Pediatrician Dr. Thomas M. ... Internist Siu Joanne C ... Nephrologist Draper Amanda Pediatrician Dr. Elizabeth K. ... Pediatrician

    Suggested Use

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

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

    Similar Places Nearby

    Denbigh Animal Hospital, No More Chasin' Tails, Animal Medical Care Center: Keller Steven DVM, Denbigh Animal Hospital: Clanin Amanda DVM, Denbigh Animal Hospital: Hamilton John W DVM

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News
    State
    Virginia
    Longitude
    -76.5138066
    Latitude
    37.1441385

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    FAQs

    What type of property is this?
    Medical office - Leased medical office building near hospital with strong demographics.
    Where is this medical office located?
    The property is located at 716 Denbigh Blvd Newport News, VA.
    What is the asking price?
    The asking price for this property is $1,583,000.
    What are key features of this property?
    This property features: - Strong Lease Term: Benefit from over 4 years remaining on the lease, featuring 3% annual rent increases and multiple renewal options.; - High Traffic Location: Easily accessible via Denbigh Boulevard, with 24,000 cars per day.; - Dense Residential Population: Located within a growing trade area with 147,121 residents within a 5-mile radius.
    (630) 641-9220
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    Newport News, VA 23608
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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
    716 Denbigh Blvd Newport News, VA 23608
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