422 Oriana Rd, Newport News, VA
Retail property with a national tenant in Newport News, VA.
- Added:
- Aug 22, 2025
- Days on Market:
- 297
- Last Refresh:
- May 20 at 8:07 pm
Property Features for 422 Oriana Rd
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.36 Acres
- Property subtype
- OFFICE
Listing agent Ryan Burke (847) 361-4181
Listing office Matthews Real Estate Investment Services | Atlanta (847) 361-4181
Listing date Aug 22, 2025
Source Moodyscre
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 Matthews Real Estate Investment Services | Atlanta
HighLights
- Strong Tenant: MyEyeDr, a national operator with over 900 locations and $1 Billion in annual revenue, backed by Goldman Sachs.
- Fresh Lease Renewal: MyEyeDr recently signed a new 5‑year lease, demonstrating commitment to the location.
- Below Market Rent: Current rent is less than $12/SF, offering potential for future rental increases.
- Affluent Market: The surrounding area boasts an average household income of over $86,121, indicating strong demand.
- Visible and Accessible: The property is easily seen from the road and readily accessible, ensuring convenient access for customers.
- Retail Centric Location: Surrounded by national retailers like Wendy's, Bank of America and McDonald's, benefiting from high traffic and familiarity.
Overview
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 | $73.1k | $17.40 |
| − Vacancy | −$11.0k | −$2.61 |
| EGI | $62.1k | $14.79 |
| − OpEx | −$15.5k | −$3.70 |
| NOI | $46.6k | $11.09 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Denbigh Animal Hospital — 475 Denbigh Blvd, Newport News, VA 23608
- No More Chasin' Tails — 1 Court House Dr, Newport News, VA 23608
- Animal Medical Care Center: Keller Steven DVM — 475 Denbigh Blvd, Newport News, VA 23608
- Denbigh Animal Hospital: Clanin Amanda DVM — 475 Denbigh Blvd, Newport News, VA 23608
- Denbigh Animal Hospital: Hamilton John W DVM — 475 Denbigh Blvd, Newport News, VA 23608
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News
- State
- Virginia
- Longitude
- -76.5353
- Latitude
- 37.131
