Flex Industrial
141 Enterprise Drive Newport News, VA 23603
For Sale
Contact for pricing
For sale flex industrial property with warehouse space and office units, suited to mixed-use operations.
Property Size21,000 SF
Price / SF$157.14
Days on Market35
Property Features for 141 Enterprise Drive
General Information
- Standard status
- Active
- Size
- 21,000 SF
- Property subtype
- Office, Industrial
Listing Agency:
Harvey Lindsay Commercial Real Estate Peninsula
(757) 640-9290
Listed By:
Matt Leffler CCIM · License #0225065290
Source:
Crexi
Added: Jun 19
Changed: Jul 10
Last Checked: Jul 23 at 7:43AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- For sale flex industrial property at 141 Enterprise Drive, Newport News, VA 23603
- Includes warehouse space and office units for mixed‑use operations
Financial Insights For Warehouse
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 | $214.2k | $10.20 |
| − Vacancy | −$16.3k | −$0.78 |
| EGI | $197.9k | $9.42 |
| − OpEx | −$29.7k | −$1.41 |
| NOI | $168.2k | $8.01 |
21,000 SF · lease $10.20/SF/yr · vacancy 7.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.40M
$2.10M – $2.80M
NOI $168,233 @ 7.0% cap · market cap 5.10%
Second Best
Industrial
$1.98M
$1.73M – $2.31M
NOI $138,545 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $312,198 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Swisslog Logistics Inc ...
Corporate Office
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
