12610 Patrick Henry Dr, Newport News, VA
Office condominium near I-64 and Newport News Airport.
- Added:
- Feb 7, 2023
- Days on Market:
- 1229
- Last Refresh:
- May 20 at 8:41 pm
Property Features for 12610 Patrick Henry Dr
General Information
- Standard status
- Active
- Size
- 1,433 SF
- Lot size
- 2.71 Acres
- Property subtype
- OFFICE
Listing agent Teresa Nettles (757) 873-0323
Listing office Cushman & Wakefield | Thalhimer - Virginia Beach (757) 873-0323
Listing date Feb 7, 2023
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 Cushman & Wakefield | Thalhimer - Virginia Beach
HighLights
- Strategically located near I‑64 and Newport News/Williamsburg International Airport
- Currently 100% occupied by an attorney firm
- Sales Price: $251,000
- Single story office condominium
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 | $24.9k | $17.40 |
| − Vacancy | −$3.7k | −$2.61 |
| EGI | $21.2k | $14.79 |
| − OpEx | −$5.3k | −$3.70 |
| NOI | $15.9k | $11.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News
- State
- Virginia
- Longitude
- -76.512
- Latitude
- 37.138
