Corner Retail Storefront
For Sale
Contact for pricing
14350 Warwick Blvd, Newport News, VA 23602
Retail building on a signalized corner lot with access to Warwick and Denbigh Boulevards.
Property Size6,356 SF
Price / SF$196.66
Days on Market788
Property Features for 14350 Warwick Blvd
General Information
Standard status
Active
Size
6,356 SF
Property subtype
RETAIL
Listing Agency:
Campana Waltz Commercial Real Estate, LLC - West
(757) 209-2990
Listed By:
Vince A Campana III
(757) 327-0333
Source:
Moodyscre
Added: Jul 20, 2024
Changed: Sep 3
Last Checked: Sep 14 at 10:34AM
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 Campana Waltz Commercial Real Estate, LLC - West
Investment Insights
Based on property information with market context.
Available for sale and lease, this retail storefront sits on a corner lot at the signalized intersection of Warwick Boulevard and Denbigh Boulevard, with access to both streets. The offering includes a building that is scheduled to be available to prospective buyers or tenants effective December 15, 2023.
Located at 14350 Warwick Blvd in Newport News, Virginia, the property’s corner configuration supports straightforward approach from either boulevard for day-to-day customer access. The asset is presented as a single retail building option within a highly traveled intersection setting.
The property’s total size is 6,356 square feet, providing a dedicated retail footprint for an operator looking to establish or relocate to this intersection-adjacent site.
Located at 14350 Warwick Blvd in Newport News, Virginia, the property’s corner configuration supports straightforward approach from either boulevard for day-to-day customer access. The asset is presented as a single retail building option within a highly traveled intersection setting.
The property’s total size is 6,356 square feet, providing a dedicated retail footprint for an operator looking to establish or relocate to this intersection-adjacent site.
Key Highlights
- Retail building on a signalized corner lot with access to both Warwick Boulevard and Denbigh Boulevard
- Located at the signalized intersection of Warwick Blvd and Denbigh Blvd with entry access from both streets
- Building availability for prospective buyers or tenants effective December 15, 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,070,140
$1.1M
Cap Rate 7%
$764,386
$764.4K
Cap Rate 9%
$594,522
$594.5K
Market Conditions
NOI Build-Up for 6,356 SF
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.
Gross rent
$78.6K $12.36/SF
− Vacancy
−$2.1K −$0.33/SF
EGI
$76.4K $12.03/SF
− OpEx
−$22.9K −$3.61/SF
NOI
$53.5K $8.42/SF
Area
Newport News, VA
Vacancy
2.70%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,070,140
Cap Rate 7%
$764,386
Cap Rate 9%
$594,522
Alternative Uses
Best Use
Retail
$764.4K
$668.8K – $891.8K
NOI $53,507 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,492 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
648
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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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building on a signalized corner lot with access to Warwick and Denbigh Boulevards.
Where is this retail space located?
The property is located at 14350 Warwick Blvd Newport News, VA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Retail building on a signalized corner lot with access to both Warwick Boulevard and Denbigh Boulevard; Located at the signalized intersection of Warwick Blvd and Denbigh Blvd with entry access from both streets; Building availability for prospective buyers or tenants effective December 15, 2023
