Flexible Industrial
For Sale
$395,000
7826 Warwick Boulevard, Newport News, VA 23607
Commercial building on Warwick Boulevard with prior custom fiberglass operations and space for operations or storage.
Property Size3,140 SF
Price / SF$125.80
Days on Market53
Property Features for 7826 Warwick Boulevard
General Information
Standard status
Active
Size
3,140 SF
Additional Details
Road Access
Yes
Listing Agency:
RE/MAX Connect
Listed By:
Carlyn Menser · License #0225104023
(757) 879-9759
Source:
Distinctlyrealestate
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 7 at 1:05PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flexible commercial building is positioned for operational, storage, or customization needs. The property previously housed a custom fiberglass business, providing a documented fit for similar business activities.
Located at 7826 Warwick Boulevard in Newport News, the building is near Newport News Shipyard and offers access from a commercial boulevard. The property can accommodate businesses seeking a facility for production-related work, storage, or related operations.
Located at 7826 Warwick Boulevard in Newport News, the building is near Newport News Shipyard and offers access from a commercial boulevard. The property can accommodate businesses seeking a facility for production-related work, storage, or related operations.
Key Highlights
- Near Newport News Shipyard
- Located on Warwick Boulevard
- Previously used for a custom fiberglass business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,716
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,320
$414.3K
Cap Rate 7%
$295,943
$295.9K
Cap Rate 9%
$230,178
$230.2K
Market Conditions
NOI Build-Up for 3,140 SF
Gross rent
$32.0K $10.20/SF
− Vacancy
−$2.4K −$0.78/SF
EGI
$29.6K $9.42/SF
− OpEx
−$8.9K −$2.83/SF
NOI
$20.7K $6.60/SF
Area
Newport News, VA
Vacancy
7.60%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,320
Cap Rate 7%
$295,943
Cap Rate 9%
$230,178
Alternative Uses
Best Use
Industrial
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 5.24%
Second Best
Flex RnD
$274.8K
$240.5K – $320.6K
NOI $19,236 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$666.9K
$583.5K – $778.0K
NOI $46,681 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Jibble Jabble Eatz — 6139 Jefferson Ave, Newport News, VA 23601
- David — 463 center ave, newport news, va 23607
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building on Warwick Boulevard with prior custom fiberglass operations and space for operations or storage.
Where is this flex space located?
The property is located at 7826 Warwick Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Near Newport News Shipyard; Located on Warwick Boulevard; Previously used for a custom fiberglass business
