Renovated Assisted Living
New
For Sale
$1,275,000
6008 Jefferson Avenue, Newport News, VA 23605
Commercial/Industrial, Newport News, VA
Property Size6,220 SF
Lot Size0.90 Acres
Price / SF$204.98
Days on Market4
Property Features for 6008 Jefferson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
PARK VIEW - 046
Standard status
Active
Size
6,220 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Annual Amount
5807
Amenities
commercial kitchen
Building Details
Year built
1951
Roof type
Shingle
Listing Agency:
EXIT Realty Central
Listed By:
Timothy Churchwell
(757) 466-1009
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 10:06AM
MLS# 10659330
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 assisted living property contains 6,220 square feet and 16 bedrooms, with a commercial kitchen. The building dates to 1951 and was renovated in 2024. The site encompasses 0.9 acres and carries C2 zoning.
Located at 6008 Jefferson Avenue in Newport News, Virginia, the property has a shingle roof.
Located at 6008 Jefferson Avenue in Newport News, Virginia, the property has a shingle roof.
Key Highlights
- 16 bedrooms and a commercial kitchen
- 6,220 square feet of building area
- 0.9‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,010
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,200
$1.3M
Cap Rate 7%
$914,429
$914.4K
Cap Rate 9%
$711,222
$711.2K
Market Conditions
NOI Build-Up for 6,220 SF
Gross rent
$123.2K $19.80/SF
− Vacancy
−$6.8K −$1.09/SF
EGI
$116.4K $18.71/SF
− OpEx
−$52.4K −$8.42/SF
NOI
$64.0K $10.29/SF
Area
Newport News, VA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,200
Cap Rate 7%
$914,429
Cap Rate 9%
$711,222
Alternative Uses
Best Use
Apartment 5plus
$914.4K
$800.1K – $1.07M
NOI $64,010 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,470 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Under-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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Similar Off Market Nearby
- Elam House — 610 Brooke St, Newport News, VA 23605
Frequently Asked Questions
What type of property is this?
Assisted living facility - A 16-bedroom layout is paired with a commercial kitchen.
Where is this assisted living facility located?
The property is located at 6008 Jefferson Avenue Newport News, VA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 16 bedrooms and a commercial kitchen; 6,220 square feet of building area; 0.9‑acre site
