Office Building with Monument
For Sale
Contact for pricing
610 Thimble Shoals Blvd, Newport News, VA 23606
Centrally located office property with high Thimble Shoals Boulevard visibility and ample parking for tenant convenience.
Property Size4,800 SF
Days on Market141
Property Features for 610 Thimble Shoals Blvd
General Information
Standard status
Active
Size
4,800 SF
Class
B
Property subtype
Office
Lease Term
NN
Building Details
Building Size
4,800 SF
Year Built
1980
Properties For Sale
at 610 Thimble Shoals Blvd
103
Size
1,000 SF
Term
Negotiable
Listing Agency:
Divaris Real Estate - Richmond
Listed By:
Elizabeth C. Paasch
(757) 333-4322
Source:
Divaris
Added: Jun 2
Changed: Oct 12
Last Checked: Oct 19 at 3:39AM
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 Divaris Real Estate - Richmond
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Investment Insights
Based on property information with market context.
This centrally located office complex is positioned for strong market presence, featuring monument signage and two separate entrances. The property is supported by on-site management, with net of utilities and janitorial terms noted in the available information.
Situated in the Oyster Point Business District of Newport News, the building offers high visibility from Thimble Shoals Boulevard. It also provides ample parking, and the site sits within blocks of Oyster Point City Center, where tenants and visitors can access a range of restaurants and shops.
For prospective tenants and buyers, this setup supports straightforward daily operations with convenient access points and dedicated management. The combination of prominent signage, parking, and an established business district location can make the property a practical choice for an office user seeking visibility and ease of arrival in the Oyster Point area.
Situated in the Oyster Point Business District of Newport News, the building offers high visibility from Thimble Shoals Boulevard. It also provides ample parking, and the site sits within blocks of Oyster Point City Center, where tenants and visitors can access a range of restaurants and shops.
For prospective tenants and buyers, this setup supports straightforward daily operations with convenient access points and dedicated management. The combination of prominent signage, parking, and an established business district location can make the property a practical choice for an office user seeking visibility and ease of arrival in the Oyster Point area.
Key Highlights
- Office property built in 1980 in Newport News’ Oyster Point Business District
- High visibility from Thimble Shoals Boulevard, with monument signage on the boulevard
- Ample on‑site parking for tenant and visitor convenience
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,244
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,064,880
$1.1M
Cap Rate 7%
$760,629
$760.6K
Cap Rate 9%
$591,600
$591.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$83.5K $17.40/SF
− Vacancy
−$12.5K −$2.61/SF
EGI
$71.0K $14.79/SF
− OpEx
−$17.7K −$3.70/SF
NOI
$53.2K $11.09/SF
Area
Newport News, VA
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,064,880
Cap Rate 7%
$760,629
Cap Rate 9%
$591,600
Alternative Uses
Best Use
Office B
$760.6K
$665.6K – $887.4K
NOI $53,244 @ 7.0% cap · market cap 273,046.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$892.0K – $1.19M
NOI $71,359 @ 7.0% cap · market cap 365,943.59%
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
2,387
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Centrally located office property with high Thimble Shoals Boulevard visibility and ample parking for tenant convenience.
Where is this office building located?
The property is located at 610 Thimble Shoals Blvd Newport News, VA.
What are key features of this property?
This property features: Office property built in 1980 in Newport News’ Oyster Point Business District; High visibility from Thimble Shoals Boulevard, with monument signage on the boulevard; Ample on‑site parking for tenant and visitor convenience
