Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in High-Traffic Center Title is generated by Realmo AI

    12917 Jefferson Ave, Newport News, VA 23608

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in busy shopping center with anchor tenants.

    Type:Retail
    Added:
    Oct 7, 2025
    Days on Market:
    224
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 12917 Jefferson Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 12917 Jefferson Ave Contact us

    Available Space 1 $22/Mo

    Size
    1,020 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Jude Crayton
    Jude Crayton

    Listing agent Jude Crayton License #SC #45777

    Listing office Coastal Equities

    Listing date Oct 7, 2025

    Source Crexi

    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 Coastal Equities

    HighLights

    • Anchored by Food Lion and Family Dollar.
    • High traffic location: Over 31,000 vehicles per day.
    • High population density: More than 67,000 people within a three‑mile radius.
    • Located on Jefferson Ave.
    • Close proximity to I‑64.
    • Located in Richneck center.

    Overview

    This commercial property is located in Richneck center on Jefferson Avenue, Newport News, Virginia. The center benefits from high traffic, with over 31,000 vehicles passing by daily. Anchored by Food Lion and Family Dollar, the location is near I-64. The surrounding area has a substantial population, with more than 67,000 residents within a three-mile radius. The property is suitable for retail and other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Richneck Shopping Center Shopping Center & Mall Quik Cash Loan Service ATM Atm ATM Newport News ... Bank Iris Massage Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • KARATE @ THE DOJO — KARATE @ THE DOJO, 12971 Jefferson Ave Ste 102, Newport News, VA 23608
    • Richneck Shopping Center — 12917 Jefferson Ave, Newport News, VA 23608
    • Coinstar Kiosk | Bitcoin ATM — Food Lion, 12917 Jefferson Ave, Newport News, VA 23608
    • New Dunn Shops — 12971 Jefferson Ave, Newport News, VA 23608

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News
    State
    Virginia
    Longitude
    -76.5297238
    Latitude
    37.1492085

    Nearby Similar for Lease

    • $1,750/Mo
      1,441 SF

      Port Warwick Office/Retail Space

      Prime commercial space in vibrant Newport News mixed-use community.
      117 Herman Melville Avenue, Newport News, VA 23606
      View Details
    • $12 SF/Yr
      1,700 SF

      Harpersville Road Commercial Space

      Versatile 1,700 sqft commercial space in high-visibility location.
      133 Harpersville Road, Newport News, VA 23601
      View Details
    • $19 SF/Yr
      1,360 SF

      Newport News Commercial Space

      Well-appointed commercial space suitable for medical or retail use.
      11745 Jefferson Avenue, Newport News, VA 23606
      View Details
    • $11 SF/Yr
      2,000 SF

      Flex Space Near Town Center

      Flex space with office and warehouse near Newport News.
      311 Ed Wright Lane, Newport News, VA 23606
      View Details
    • $19 SF/Yr
      750 SF

      Office Space Near Town Center

      Office space for rent near Town Center in Newport News.
      11747 Jefferson Avenue, Newport News, VA 23606
      View Details
    • $19 SF/Yr
      750 SF

      Office Space Near Town Center

      Office space for rent near Town Center in Newport News.
      11747 Jefferson Avenue, Newport News, VA 23606
      View Details
    • $13 SF/Yr
      6,000 SF

      Newport News Flex Space Available

      6,000 SF flex space in Jefferson Business Park.
      300 Ed Wright Lane, Newport News, VA 23606
      View Details
    • $10 SF/Yr
      5,771 SF

      Newport News Multipurpose Facility

      Flexible commercial space suitable for various community-based and residential uses.
      3310 Roanoke (3314) Avenue, Newport News, VA 23607
      View Details
    • Sponsored
      $129-$4,036/Mo
      11-1,292 SF

      Oyster Point

      11815 Fountain Way, Unit 300, Newport News, VA 23606
      View Details
    • $19 SF/Yr

      Restaurant Space Near Newport News Shipyard

      Restaurant space for rent near Newport News Shipyard.
      3506 Washington Avenue, Newport News, VA 23607
      View Details
    • $19 SF/Yr
      1,895 SF

      Retail Space Near I Hop

      Retail space with high visibility, suitable for salon or venture.
      11745 Jefferson Avenue, Newport News, VA 23606
      View Details
    • $28 SF/Yr
      4,000 SF

      Retail Space in Jefferson Commons

      Retail space available in prominent Newport News shopping center.
      12551 Jefferson Avenue, Newport News, VA, 23602
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in busy shopping center with anchor tenants.
    Where is this shopping center located?
    The property is located at 12917 Jefferson Ave Newport News, VA.
    What are key features of this property?
    This property features: Anchored by Food Lion and Family Dollar.; High traffic location: Over 31,000 vehicles per day.; High population density: More than 67,000 people within a three‑mile radius.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jude Crayton
    Jude Crayton
    Real Estate License ID: SC #45777
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12917 Jefferson Ave, Newport News, VA 23608
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!