Commercial Building Near Newport
For Sale
$445,000
7826 Warwick Boulevard, Newport News, VA 23607
Versatile commercial building on Warwick Boulevard, excellent visibility and accessibility.
Property Size3,140 SF
Lot Size0.14 Acres
Price / SF$141.72
Days on Market603
Property Features for 7826 Warwick Boulevard
General Information
Standard status
Active
Size
3,140 SF
Lot size
0.14 Acres
Property subtype
Commercial/Industrial
Listing Agency:
RE/MAX Connect
(757) 525-3639
Listed By:
Carlyn Menser · License #0225104023
Source:
Exitrealty
Added: Dec 10, 2024
Changed: Jul 10
Last Checked: May 19 at 9:05PM
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 RE/MAX Connect
Investment Insights
Based on property information with market context.
Located on Warwick Boulevard, this commercial building offers an opportunity for businesses due to its location. Formerly a custom fiberglass business, the property is suited for similar uses. The property has space for operations, storage, or customization. The property size is 3140 square feet.
Key Highlights
- Prime location on Warwick Boulevard near Newport News Shipyard.
- Versatile commercial building suitable for various business types.
- Ample space for operations, storage, or customization.
Financial Insights For Industrial
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 | $32.0k | $10.20 |
| − Vacancy | −$2.4k | −$0.78 |
| EGI | $29.6k | $9.42 |
| − OpEx | −$8.9k | −$2.83 |
| NOI | $20.7k | $6.60 |
3,140 SF · lease $10.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$666.9K
$583.5K – $778.0K
NOI $46,681 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 23607, VA
23,498
Population
10,764
Households
2.2
Avg Household Size
33
Median Age
14%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
3,916
Density / Sq Mi
$42,904
Median Household Income
$33,746
Median Earnings
$1,104
Median Rent
$146,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Versatile commercial building on Warwick Boulevard, excellent visibility and accessibility.
Where is this manufacturing property located?
The property is located at 7826 Warwick Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Prime location on Warwick Boulevard near Newport News Shipyard.; Versatile commercial building suitable for various business types.; Ample space for operations, storage, or customization.
