Renovated Office
For Sale
Contact for pricing
12484 Warwick Blvd #C, Newport News, VA 23606
Configured with private offices, collaborative space, support areas, parking, and enclosed outdoor storage.
Property Size1,950 SF
Price / SF$0.01
Days on Market49
Property Features for 12484 Warwick Blvd #C
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Commercial
Amenities
reception area
conference area
kitchenette
bathroom
fenced storage grounds
shared digital sign space
Building Details
Year Built
1993
Listing Agency:
BHHS RW Towne Realty
Listed By:
Patriot Property Management
(757) 478-4881
Source:
757patriotproperty
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 19 at 6:59AM
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 BHHS RW Towne Realty
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Investment Insights
Based on property information with market context.
This office unit offers approximately 1,950 square feet of recently refreshed workspace. The layout includes a reception area, six private offices, an open conference area, kitchenette, and bathroom, with new paint and flooring throughout. The building dates to 1993.
The property includes parking and fenced storage grounds. Shared access to digital sign space is available. Its position along Warwick Blvd places it across from Todd's Stadium and near CNU and Riverside Hospital.
The property includes parking and fenced storage grounds. Shared access to digital sign space is available. Its position along Warwick Blvd places it across from Todd's Stadium and near CNU and Riverside Hospital.
Key Highlights
- Approximately 1,950 square feet of office space
- Six private offices plus an open conference area
- Reception area, kitchenette, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,630
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,600
$432.6K
Cap Rate 7%
$309,000
$309.0K
Cap Rate 9%
$240,333
$240.3K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$33.9K $17.40/SF
− Vacancy
−$5.1K −$2.61/SF
EGI
$28.8K $14.79/SF
− OpEx
−$7.2K −$3.70/SF
NOI
$21.6K $11.09/SF
Area
Newport News, VA
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,600
Cap Rate 7%
$309,000
Cap Rate 9%
$240,333
Alternative Uses
Best Use
Office B
$309.0K
$270.4K – $360.5K
NOI $21,630 @ 7.0% cap · market cap 135,187.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.1K
$362.4K – $483.2K
NOI $28,990 @ 7.0% cap · market cap 181,187.50%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 23606, VA
31,684
Population
13,186
Households
2.4
Avg Household Size
33
Median Age
38%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
3,266
Density / Sq Mi
$69,921
Median Household Income
$38,647
Median Earnings
$1,327
Median Rent
$296,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with private offices, collaborative space, support areas, parking, and enclosed outdoor storage.
Where is this office unit located?
The property is located at 12484 Warwick Blvd #C Newport News, VA.
What are key features of this property?
This property features: Approximately 1,950 square feet of office space; Six private offices plus an open conference area; Reception area, kitchenette, and bathroom
