Newport News Commercial Property For
For Sale
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13801 Warwick Boulevard, Newport News, VA 23602
3,075 SF commercial property in Newport News for sale.
Property Size3,075 SF
Lot Size0.69 Acres
Price / SF$243.90
Days on Market233
Property Features for 13801 Warwick Boulevard
General Information
Standard status
Active
Size
3,075 SF
Class
A
Total Parking Spaces
21
Lot size
0.69 Acres
Property subtype
Office, Retail
Zoning
C1
Investment Type
Owner/User
Site & Location
Neighborhood
Pear Tree Hall
Building Details
Year Built
1991
Year Renovated
2005
Buildings
1
Stories
1
Listing Agency:
Harvey Lindsay Commercial Real Estate
Listed By:
Michael Allen, CCIM · License #VA 0225228674
(757) 640-9475
Source:
Crexi
Added: Mar 6
Changed: Oct 12
Last Checked: Oct 24 at 5:14PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,736
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,720
$554.7K
Cap Rate 7%
$396,229
$396.2K
Cap Rate 9%
$308,178
$308.2K
Market Conditions
NOI Build-Up for 3,075 SF
Gross rent
$38.0K $12.36/SF
− Vacancy
−$1.0K −$0.33/SF
EGI
$37.0K $12.03/SF
− OpEx
−$9.2K −$3.01/SF
NOI
$27.7K $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%
$554,720
Cap Rate 7%
$396,229
Cap Rate 9%
$308,178
Alternative Uses
Best Use
Specialty Retail
$396.2K
$346.7K – $462.3K
NOI $27,736 @ 7.0% cap · market cap 3.70%
Second Best
Retail
$369.8K
$323.6K – $431.5K
NOI $25,887 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$653.1K
$571.4K – $761.9K
NOI $45,715 @ 7.0% cap · market cap 6.10%
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
578
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
Frequently Asked Questions
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 $750,000.
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.
