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    Flex Industrial Building Title is generated by Realmo AI

    141 Enterprise Drive, Newport News, VA 23603

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    For sale flex industrial property with warehouse space and office units, suited to mixed-use operations.

    Type:Office, Industrial
    Property size:
    21,000 SF
    Price / SF:
    $157/SF
    Added:
    Jun 19, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 24 at 5:26 am

    Property Features for 141 Enterprise Drive

    General Information

    Standard status
    Active
    Size
    21,000 SF
    Property subtype
    Office, Industrial

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    Matt Leffler CCIM
    Matt Leffler CCIM

    Listing office Harvey Lindsay Commercial Real Estate Peninsula

    Listing date Jun 19, 2026

    Source Crexi

    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 Peninsula

    HighLights

    • For sale flex industrial property at 141 Enterprise Drive, Newport News, VA 23603
    • Includes warehouse space and office units for mixed‑use operations

    Overview

    This for-sale flex industrial building at 141 Enterprise Drive offers a combination of warehouse/industrial space and office units, aligning with tenants and owners who need both production and administrative space in one asset. The property is categorized for flex space, industrial properties, warehouses, and office spaces, indicating an adaptable layout for a range of operational requirements. Overall size is approximately 21,000 square feet.

    The property is located at 141 Enterprise Drive in Newport News, Virginia (23603). The listing information does not provide additional details on specific site features, building configuration beyond the stated property types, or surrounding tenants, so those items are not addressed here.

    Given the mixed warehouse and office designation, this building may fit service providers, light industrial users, or businesses that prefer to combine workspace with on-site administrative space. Interested parties should review the current floor plan and use-specific setup during their due diligence, as the listing does not specify clear heights, loading details, or other operational attributes. For buyers evaluating a flex-style industrial asset, this property presents a straightforward option based on the provided classification and total size.

    Local Financial Insights For Office B

    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 $365.4k $17.40
    − Vacancy −$54.8k −$2.61
    EGI $310.6k $14.79
    − OpEx −$77.6k −$3.70
    NOI $232.9k $11.09
    21,000 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.33M
    $2.91M – $3.88M (±1% cap)
    NOI $232,942 @ 7.0% cap · market cap 7.06%
    Second Best
    Warehouse
    $2.40M
    $2.10M – $2.80M (±1% cap)
    NOI $168,233 @ 7.0% cap · market cap 5.10%
    Theoretical Best
    Office A
    $4.46M
    $3.90M – $5.20M (±1% cap)
    NOI $312,198 @ 7.0% cap · market cap 9.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Swisslog Logistics Inc ... Corporate Office

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom Department Store Garden Center Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News
    State
    Virginia
    Longitude
    -76.5891149
    Latitude
    37.1761695

    FAQs

    What type of property is this?
    Flex space - For sale flex industrial property with warehouse space and office units, suited to mixed-use operations.
    Where is this flex space located?
    The property is located at 141 Enterprise Drive Newport News, VA.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: For sale flex industrial property at 141 Enterprise Drive, Newport News, VA 23603; Includes warehouse space and office units for mixed‑use operations
    (757) 640-9290 Call to check price and availability
    More about this property
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