Newport News Commercial Property For
13801 Warwick Boulevard Newport News, VA 23602
13801 Warwick Boulevard, Newport News, VA, 23602
Contact for pricing
For Sale
Contact for pricing
3,075 SF commercial property in Newport News for sale.
Property Size3,075 SF
Lot Size0.69 Acres
Price / SF$276.42
Days on Market137
Property Features for 13801 Warwick Boulevard
General Information
- Standard status
- Active
- Size
- 3,075 SF
- Lot size
- 0.69 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1991
Listing agency
Harvey Lindsay Commercial Real Estate
(757) 640-9290
Listed by
Michael Allen, CCIM · License #VA 0225228674
Source
Crexi
Added: Mar 6 Updated: Jul 10 at 3:53PM Checked: Jul 20 at 5:41AM
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 Harvey Lindsay Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 13801 Warwick Boulevard in Newport News, VA, this commercial property offers a prime investment opportunity. Formerly a bank branch, the property features a signalized intersection at Warwick Boulevard and Tabb Lane, along with two drive-through lanes. The building provides Class A office amenities within its 3,075 square foot layout, situated on a 0.69-acre lot. The property benefits from high visibility, with 178 linear feet of frontage on Warwick Boulevard and 155 linear feet on Tabbs Lane. Located in the Sherwood Neighborhood, the property has an assessed value of $1,075,600. The surrounding area experiences high traffic counts of 39,093 vehicles per day on Warwick Boulevard. A population of 91,371 resides within a 10-minute drive time. Ample parking is available.
Key Highlights
- Prime location at a signalized intersection of Warwick Blvd and Tabb Ln, boasting high traffic counts.
- Former bank branch featuring two drive‑through lanes.
- Class A office building amenities.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.0k | $12.36 |
| − Vacancy | −$1.0k | −$0.33 |
| EGI | $37.0k | $12.03 |
| − OpEx | −$9.2k | −$3.01 |
| NOI | $27.7k | $9.02 |
3,075 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$396.2K
$346.7K – $462.3K
NOI $27,736 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$369.8K
$323.6K – $431.5K
NOI $25,887 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$653.1K
$571.4K – $761.9K
NOI $45,715 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - 3,075 SF commercial property in Newport News for sale.
Where is this bank located?
The property is located at 13801 Warwick Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location at a signalized intersection of Warwick Blvd and Tabb Ln, boasting high traffic counts.; Former bank branch featuring two drive‑through lanes.; Class A office building amenities.
