Ground-Floor Retail
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For Sale
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200 Nat Turner Blvd S, Newport News, VA 23606
Flexible open-plan commercial space with private restroom, shower, kitchenette, signage areas, and dedicated front-door parking.
Property Size1,188 SF
Price / SF$124.58
Days on Market5
Property Features for 200 Nat Turner Blvd S
General Information
Standard status
Active
Size
1,188 SF
Property subtype
RETAIL
Additional Details
Floor
Ground
Road Access
Yes
Amenities
private bathroom
shower
mini kitchen area
dedicated parking
signage opportunities
Listing Agency:
Long & Foster Real Estate | James River Newport News
(757) 727-0069
Listed By:
Kyle Hause · License #0225143450
(888) 536-0216
Source:
Moodyscre
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 18 at 8:29AM
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 Long & Foster Real Estate | James River Newport News
Investment Insights
Based on property information with market context.
This 1,188-square-foot ground-floor business condominium provides an open commercial layout with a front reception and work area, plus a larger rear workspace facing Loftis Boulevard. The configuration can accommodate retail, business services, or office use, with flexibility for additional private offices.
Interior features include a private bathroom with shower and a compact kitchen area equipped with a sink and dishwasher. Signage opportunities are available above the entrance and at the rear, including visibility toward Loftis Boulevard. Dedicated parking is positioned near the front entrance, with access from Jefferson Avenue via Loftis Boulevard or from City Center Boulevard via Nat Turner Boulevard.
Interior features include a private bathroom with shower and a compact kitchen area equipped with a sink and dishwasher. Signage opportunities are available above the entrance and at the rear, including visibility toward Loftis Boulevard. Dedicated parking is positioned near the front entrance, with access from Jefferson Avenue via Loftis Boulevard or from City Center Boulevard via Nat Turner Boulevard.
Key Highlights
- 1,188 SF ground‑floor business condominium
- Open front reception and work area with flexible office configuration
- Rear workspace overlooking Loftis Boulevard
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
$10,001
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
6.76%
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%
$200,020
$200.0K
Cap Rate 7%
$142,871
$142.9K
Cap Rate 9%
$111,122
$111.1K
Market Conditions
NOI Build-Up for 1,188 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
$14.7K $12.36/SF
− Vacancy
−$396 −$0.33/SF
EGI
$14.3K $12.03/SF
− OpEx
−$4.3K −$3.61/SF
NOI
$10.0K $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%
$200,020
Cap Rate 7%
$142,871
Cap Rate 9%
$111,122
Alternative Uses
Best Use
Retail
$142.9K
$125.0K – $166.7K
NOI $10,001 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.3K
$220.8K – $294.4K
NOI $17,661 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 23606, VA
31,684
Population
13,186
Households
2.4
Avg Household Size
33
Median Age
38%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
3,266
Density / Sq Mi
$69,921
Median Household Income
$38,647
Median Earnings
$1,327
Median Rent
$296,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Flexible open-plan commercial space with private restroom, shower, kitchenette, signage areas, and dedicated front-door parking.
Where is this retail space located?
The property is located at 200 Nat Turner Blvd S Newport News, VA.
What is the asking price?
The asking price for this property is $148,000.
What are key features of this property?
This property features: 1,188 SF ground‑floor business condominium; Open front reception and work area with flexible office configuration; Rear workspace overlooking Loftis Boulevard
