Flexible Industrial
New
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 Market4
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: Sep 10
Last Checked: Sep 11 at 2:54PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,716
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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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
