Multi-Story Office Building with
For Sale
Contact for pricing
600 Thimble Shoals Blvd, Newport News, VA 23606
Masonry and glass office building with two elevators and 167 parking spaces, built in 1986.
Property Size45,344 SF
Lot Size4.14 Acres
Price / SF$186.90
Days on Market128
Property Features for 600 Thimble Shoals Blvd
General Information
Standard status
Active
Size
45,344 SF
Total Parking Spaces
167
Lot size
4.14 Acres
Property subtype
OFFICE
Zoning
C-4
Lease Type
FS
Additional Details
Furnished
Yes
Building Details
Year Built
1986
Construction
masonry and glass
Listing Agency:
Commonwealth Commercial
(804) 400-6163
Listed By:
Ryan Fanelli
Source:
Moodyscre
Added: Mar 25
Changed: Jul 27
Last Checked: Jul 30 at 2:32PM
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 Commonwealth Commercial
Investment Insights
Based on property information with market context.
Built in 1986, this masonry and glass office building totals approximately 45,344 square feet and is positioned on a prominent corner. The property includes two elevators and provides extensive parking with 167 spaces, along with a large drive-through lot. A furnished office suite is available within the building, with Suite 130 offering 1,724 rentable square feet, two private offices, a conference room, a kitchenette, a bathroom, and eight cubicles.
The site is described as being in Oyster Point and includes a C-4 zoning designation. The property also lists a long-term anchor tenant, Wells Fargo.
This offering includes financial information provided in the remarks, including 2026 Budget NOI of $331,270 and a WALT as of 1/26 of 4.17.
The site is described as being in Oyster Point and includes a C-4 zoning designation. The property also lists a long-term anchor tenant, Wells Fargo.
This offering includes financial information provided in the remarks, including 2026 Budget NOI of $331,270 and a WALT as of 1/26 of 4.17.
Key Highlights
- 45,344± SF office building in Oyster Point with 41,499± rentable SF
- Suite 130 for lease: 1,724± SF with two private offices, conference room, kitchenette, bathroom, and 8 cubicles
- Long‑term anchor tenant Wells Fargo
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 | $789.0k | $17.40 |
| − Vacancy | −$118.3k | −$2.61 |
| EGI | $670.6k | $14.79 |
| − OpEx | −$167.7k | −$3.70 |
| NOI | $503.0k | $11.09 |
45,344 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.19M
$6.29M – $8.38M
NOI $502,978 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.63M
$8.43M – $11.24M
NOI $674,109 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,951
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Masonry and glass office building with two elevators and 167 parking spaces, built in 1986.
Where is this office building located?
The property is located at 600 Thimble Shoals Blvd Newport News, VA.
What is the asking price?
The asking price for this property is $8,475,000.
What are key features of this property?
This property features: 45,344± SF office building in Oyster Point with 41,499± rentable SF; Suite 130 for lease: 1,724± SF with two private offices, conference room, kitchenette, bathroom, and 8 cubicles; Long‑term anchor tenant Wells Fargo
