704 Thimble Shoals Blvd, Newport News, VA
Centrally located office space in Newport News City Center.
- Added:
- Mar 14, 2025
- Days on Market:
- 464
- Last Refresh:
- May 20 at 8:44 pm
Property Features for 704 Thimble Shoals Blvd
General Information
- Standard status
- Active
- Size
- 2,264 SF
- Lot size
- 1.17 Acres
- Property subtype
- OFFICE
Listing agent Ron A Campana Jr
Listing office Campana Waltz Commercial Real Estate, LLC - West (757) 209-2990
Listing date Mar 14, 2025
Source Moodyscre
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 Campana Waltz Commercial Real Estate, LLC - West
HighLights
- Rare purchase opportunity.
- Centrally located in the heart of City Center in Newport News.
- Approximately 2,264 square feet of office space (two condominiums).
- Close proximity to Interstate 64.
- Close proximity to Oyster Point.
- Ideal for almost any professional office need.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $17.40 |
| − Vacancy | −$5.9k | −$2.61 |
| EGI | $33.5k | $14.79 |
| − OpEx | −$8.4k | −$3.70 |
| NOI | $25.1k | $11.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News
- State
- Virginia
- Longitude
- -76.4754
- Latitude
- 37.0846
