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    Commercial Building Near Newport News Title is generated by Realmo AI

    7826 Warwick Boulevard, Newport News, VA 23607

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    Claim this Listing
    For Sale
    $445,000

    Versatile commercial building on Warwick Boulevard, excellent visibility and accessibility.

    Type:Commercial/Industrial
    Property size:
    3,140 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $141/SF
    Added:
    Dec 9, 2024
    Days on Market:
    558
    Last Refresh:
    May 19 at 9:05 pm

    Property Features for 7826 Warwick Boulevard

    General Information

    Standard status
    Active
    Size
    3,140 SF
    Lot size
    0.14 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Carlyn Menser
    Carlyn Menser

    Listing agent Carlyn Menser License #0225104023

    Listing office RE/MAX Connect

    Listing date Dec 9, 2024

    Source Exitrealty

    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 RE/MAX Connect

    HighLights

    • Prime location on Warwick Boulevard near Newport News Shipyard.
    • Versatile commercial building suitable for various business types.
    • Ample space for operations, storage, or customization.
    • Excellent visibility and accessibility.
    • Formerly a custom fiberglass business, well‑suited for similar uses.
    • High‑demand area for businesses.

    Overview

    Located on Warwick Boulevard, this commercial building offers an opportunity for businesses due to its location. Formerly a custom fiberglass business, the property is suited for similar uses. The property has space for operations, storage, or customization. The property size is 3140 square feet.

    Local Financial Insights For Retail

    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 $38.8k $12.36
    − Vacancy −$1.0k −$0.33
    EGI $37.8k $12.03
    − OpEx −$11.3k −$3.61
    NOI $26.4k $8.42
    3,140 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $377.6K
    $330.4K – $440.6K (±1% cap)
    NOI $26,434 @ 7.0% cap · market cap 5.94%
    Second Best
    Industrial
    $295.9K
    $259.0K – $345.3K (±1% cap)
    NOI $20,716 @ 7.0% cap · market cap 4.66%
    Theoretical Best
    Office A
    $666.9K
    $583.5K – $778.0K (±1% cap)
    NOI $46,681 @ 7.0% cap · market cap 10.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fiberglass Customs (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -76.4508
    Latitude
    37.019

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    FAQs

    What type of property is this?
    Manufacturing property - Versatile commercial building on Warwick Boulevard, excellent visibility and accessibility.
    Where is this manufacturing property located?
    The property is located at 7826 Warwick Boulevard Newport News, VA.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: Prime location on Warwick Boulevard near Newport News Shipyard.; Versatile commercial building suitable for various business types.; Ample space for operations, storage, or customization.
    (757) 525-3639
    We can help!
    Listing Contact
    Carlyn Menser
    Carlyn Menser
    Real Estate License ID: 0225104023
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