Updated Flex
For Sale
$285,000
10410 Warwick Boulevard, Newport News, VA 23601
C-1 commercial property with a replacement roof, HVAC system, windows, and garage doors.
Property Size3,000 SF
Price / SF$95
Days on Market67
Property Features for 10410 Warwick Boulevard
General Information
Standard status
Active
Size
3,000 SF
Zoning
C-1
Building Details
Year Built
1940
Listing Agency:
EXP Realty LLC
Listed By:
Craig McLellon · License #0225-208129
(866) 825-7169
Source:
Distinctlyrealestate
Added: Aug 4
Changed: Sep 4
Last Checked: Oct 7 at 5:34PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 3,000-square-foot flex property in Newport News combines a recently updated exterior with substantial building improvements. The work includes fresh exterior paint, a new roof, new HVAC, replacement windows, and new garage doors. Originally built in 1940, the property is identified for potential storage, retail, office, showroom, and service-business applications.
Located at 10410 Warwick Boulevard, the building sits near Hilton Village and offers visibility along the corridor. Its flexible commercial format and updated core components provide a practical base for a range of business uses.
Located at 10410 Warwick Boulevard, the building sits near Hilton Village and offers visibility along the corridor. Its flexible commercial format and updated core components provide a practical base for a range of business uses.
Key Highlights
- 3,000 SF flex property in Newport News
- C‑1 commercial zoning
- New roof, HVAC, windows, and garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,255
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,100
$505.1K
Cap Rate 7%
$360,786
$360.8K
Cap Rate 9%
$280,611
$280.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$37.1K $12.36/SF
− Vacancy
−$1.0K −$0.33/SF
EGI
$36.1K $12.03/SF
− OpEx
−$10.8K −$3.61/SF
NOI
$25.3K $8.42/SF
Area
Newport News, VA
Vacancy
2.70%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,100
Cap Rate 7%
$360,786
Cap Rate 9%
$280,611
Alternative Uses
Best Use
Office B
$475.4K
$416.0K – $554.6K
NOI $33,277 @ 7.0% cap · market cap 11.68%
Second Best
Retail
$360.8K
$315.7K – $420.9K
NOI $25,255 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$637.1K
$557.5K – $743.3K
NOI $44,600 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23601, VA
25,729
Population
12,593
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,477
Density / Sq Mi
$71,345
Median Household Income
$48,310
Median Earnings
$1,231
Median Rent
$235,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- David — 463 center ave, newport news, va 23607
Frequently Asked Questions
What type of property is this?
Flex space - C-1 commercial property with a replacement roof, HVAC system, windows, and garage doors.
Where is this flex space located?
The property is located at 10410 Warwick Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 3,000 SF flex property in Newport News; C‑1 commercial zoning; New roof, HVAC, windows, and garage doors
