Brick Car Wash
For Sale
$485,000
14358 Deloice Crescent, Newport News, VA 23602
C-1 commercial zoning and extensive concrete paving support evaluation for reuse or redevelopment.
Property Size3,411 SF
Lot Size0.79 Acres
Price / SF$142.19
Days on Market24
Property Features for 14358 Deloice Crescent
General Information
Standard status
Active
Size
3,411 SF
Lot size
0.79 Acres
Zoning
C-1
Additional Details
Land Use
commercial
Building Details
Year Built
1990
Buildings
1
Stories
1
Construction
brick
Listing Agency:
KW Allegiance Shoreline
Listed By:
Suzan Hama Bor · License #73685
(757) 530-9502
Source:
Horakrealtygroup
Added: Sep 13
Changed: Sep 29
Last Checked: Oct 6 at 12:40AM
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 KW Allegiance Shoreline
Investment Insights
Based on property information with market context.
This former car wash property includes a 3,411 SF one-story brick building constructed in 1990. The approximately 0.79-acre site features extensive concrete paving, with circulation and parking areas serving the improvements. C-1 commercial zoning applies to the property.
The site is located at 14358 Deloice Cres in Newport News, within the Denbigh Village area and an established commercial corridor. Its position provides visibility and access within the surrounding commercial setting. Prospective purchasers are responsible for confirming zoning, building condition, and permitted uses through their own due diligence. Leasing inquiries may also be connected with the property owner.
The site is located at 14358 Deloice Cres in Newport News, within the Denbigh Village area and an established commercial corridor. Its position provides visibility and access within the surrounding commercial setting. Prospective purchasers are responsible for confirming zoning, building condition, and permitted uses through their own due diligence. Leasing inquiries may also be connected with the property owner.
Key Highlights
- 3,411 SF one‑story brick building constructed in 1990
- Approximately 0.79 acres with extensive concrete paving
- Formerly operated as a car wash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,766
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,320
$615.3K
Cap Rate 7%
$439,514
$439.5K
Cap Rate 9%
$341,844
$341.8K
Market Conditions
NOI Build-Up for 3,411 SF
Gross rent
$42.2K $12.36/SF
− Vacancy
−$1.1K −$0.33/SF
EGI
$41.0K $12.03/SF
− OpEx
−$10.3K −$3.01/SF
NOI
$30.8K $9.02/SF
Area
Newport News, VA
Vacancy
2.70%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,320
Cap Rate 7%
$439,514
Cap Rate 9%
$341,844
Alternative Uses
Best Use
Specialty Retail
$439.5K
$384.6K – $512.8K
NOI $30,766 @ 7.0% cap · market cap 6.34%
Second Best
Retail
$410.2K
$358.9K – $478.6K
NOI $28,715 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$724.4K
$633.9K – $845.2K
NOI $50,710 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Explore this area
Business Placement
Demographics for 23602, VA
42,004
Population
18,876
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
94%
High-School Grad
13.2 sq mi
ZIP Area
3,182
Density / Sq Mi
$72,487
Median Household Income
$46,125
Median Earnings
$1,446
Median Rent
$270,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Car wash - C-1 commercial zoning and extensive concrete paving support evaluation for reuse or redevelopment.
Where is this car wash located?
The property is located at 14358 Deloice Crescent Newport News, VA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 3,411 SF one‑story brick building constructed in 1990; Approximately 0.79 acres with extensive concrete paving; Formerly operated as a car wash
