Automotive Shop with
5858 Jefferson Avenue, Newport News, VA 23605
For Sale
$550,000
Commercial/Industrial, Newport News, VA
Property Size2,000 SF
Lot Size0.68 Acres
Price / SF$275
Days on Market490
Property Features for 5858 Jefferson Avenue
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Tenancy & Operations
Real Estate Included
Business Included
Additional Details
Automotive Uses
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Listing Agency:
Garrett Realty Partners
Listed By:
Chuck Dunlap
(757) 873-1002
Added: Jul 9, 2025
Changed: Nov 5
Last Checked: Nov 10 at 5:06PM
MLS# 10592079
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This automotive property includes a 2,000-square-foot building, the business, and equipment. The existing improvements are configured for automotive shop use and sit on a 0.68-acre parcel. Built in 1971, the property has a tar and gravel roof, steam, oil, and hot water heating, plus wall or window unit cooling.
The site is located at 5858 Jefferson Avenue in Newport News, Virginia. C1 zoning and the existing automotive use define the property’s current commercial profile.
The site is located at 5858 Jefferson Avenue in Newport News, Virginia. C1 zoning and the existing automotive use define the property’s current commercial profile.
Key Highlights
- 2,000‑square‑foot automotive shop building
- Business and equipment included in the sale
- 0.68‑acre parcel in Newport News
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,837
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,740
$336.7K
Cap Rate 7%
$240,529
$240.5K
Cap Rate 9%
$187,078
$187.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$24.7K $12.36/SF
− Vacancy
−$667 −$0.33/SF
EGI
$24.1K $12.03/SF
− OpEx
−$7.2K −$3.61/SF
NOI
$16.8K $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 Rate 5%
$336,740
Cap Rate 7%
$240,529
Cap Rate 9%
$187,078
Alternative Uses
Best Use
Retail
$240.5K
$210.5K – $280.6K
NOI $16,837 @ 7.0% cap · market cap 3.06%
Second Best
Industrial
$188.5K
$164.9K – $219.9K
NOI $13,195 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$424.8K
$371.7K – $495.6K
NOI $29,733 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23605, VA
14,053
Population
6,944
Households
2
Avg Household Size
37
Median Age
18%
College-Educated
91%
High-School Grad
3.7 sq mi
ZIP Area
3,798
Density / Sq Mi
$52,899
Median Household Income
$36,286
Median Earnings
$1,187
Median Rent
$178,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Pop's Towing & Recovery — 4709 Jefferson Ave #2123, Newport News, VA 23607
- Newport News Truck & Trailer Repair — 4813 Jefferson Ave, Newport News, VA 23607
- Alfonso's Auto Repair — 4610 Jefferson Ave, Newport News, VA 23607
- Lifetime Automotive Repair & Service — 5302 Jefferson Ave, Newport News, VA 23605
- M&J Car Solutions — 4915 Jefferson Ave, Newport News, VA 23607
Frequently Asked Questions
What type of property is this?
Auto shop - C1-zoned automotive property with an existing shop building, included equipment, and an operating business.
Where is this auto shop located?
The property is located at 5858 Jefferson Avenue Newport News, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,000‑square‑foot automotive shop building; Business and equipment included in the sale; 0.68‑acre parcel in Newport News
