Freestanding Restaurant
For Sale
Contact for pricing
13659 Warwick Blvd, Newport News, VA 23602
Standalone restaurant facility subject to an absolute net lease.
Property Size2,039 SF
Price / SF$269.74
Days on Market53
Property Features for 13659 Warwick Blvd
General Information
Standard status
Active
Size
2,039 SF
Property subtype
RETAIL
Listing Agency:
S.L. Nusbaum Realty Co - Corporate
(757) 627-8611
Listed By:
Martin Murden
(757) 640-2265
Source:
Moodyscre
Added: Aug 24
Changed: Oct 11
Last Checked: Oct 14 at 10:09PM
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 S.L. Nusbaum Realty Co - Corporate
Investment Insights
Based on property information with market context.
This freestanding restaurant property contains 2,039 square feet and is structured under an absolute net lease. The operating company has 10 locations across Hampton Roads, providing established regional restaurant operations at the property.
The asset is located at 13659 Warwick Blvd in Newport News, Virginia 23602.
The asset is located at 13659 Warwick Blvd in Newport News, Virginia 23602.
Key Highlights
- Freestanding restaurant facility totaling 2,039 square feet
- Absolute net lease structure
- Regional restaurant operator with 10 Hampton Roads locations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,391
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,820
$367.8K
Cap Rate 7%
$262,729
$262.7K
Cap Rate 9%
$204,344
$204.3K
Market Conditions
NOI Build-Up for 2,039 SF
Gross rent
$25.2K $12.36/SF
− Vacancy
−$680 −$0.33/SF
EGI
$24.5K $12.03/SF
− OpEx
−$6.1K −$3.01/SF
NOI
$18.4K $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%
$367,820
Cap Rate 7%
$262,729
Cap Rate 9%
$204,344
Alternative Uses
Best Use
Specialty Retail
$262.7K
$229.9K – $306.5K
NOI $18,391 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.0K
$378.9K – $505.2K
NOI $30,313 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Standalone restaurant facility subject to an absolute net lease.
Where is this conventional restaurant located?
The property is located at 13659 Warwick Blvd Newport News, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Freestanding restaurant facility totaling 2,039 square feet; Absolute net lease structure; Regional restaurant operator with 10 Hampton Roads locations
