736 Thimble Shoals Blvd Newport News, VA 23606
Freestanding office building with private ground-floor access on a signalized hard-corner intersection.
Property Features for 736 Thimble Shoals Blvd
General Information
- Standard status
- Active
- Size
- 5,075 SF
- Lot size
- 1.00 Acre
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing office S.L. Nusbaum Realty Co (757) 640-2412
Listing date Jul 12, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The site is located at a signalized, hard-corner intersection, positioned to provide strong street-level visibility. The building is described as centrally located with abundant parking and proximity to major transportation corridors, regional employers, and retail amenities.
This offering is presented for sale as an office property suitable for an owner-user seeking a dedicated workplace configuration within a prominent business district setting.
Key Highlights
- Freestanding office building built in 1982 with private, ground‑floor access
- Approximately 5,075 SF office building
- Situated on about one acre at a signalized hard‑corner intersection
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 | $88.3k | $17.40 |
| − Vacancy | −$13.2k | −$2.61 |
| EGI | $75.1k | $14.79 |
| − OpEx | −$18.8k | −$3.70 |
| NOI | $56.3k | $11.09 |
