Flex Space with C2
For Sale
$395,000
7826 Warwick Boulevard, Newport News, VA 23607
Commercial/Industrial, Newport News, VA
Property Size3,140 SF
Lot Size0.14 Acres
Price / SF$125.80
Days on Market675
Property Features for 7826 Warwick Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
ALL OTHERS AREA 106
Standard status
Active
Size
3,140 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
1262
Listing Agency:
RE/MAX Connect · RE/MAX International
(757) 525-3639
Listed By:
Carlyn Menser · License #0225104023
(757) 879-9759
Added: Dec 9, 2024
Changed: Oct 1
Last Checked: Oct 15 at 12:06PM
MLS# 10562795
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space includes a 3,140-square-foot commercial building on a 0.14-acre parcel. The property previously housed a custom fiberglass business and offers a configuration suited to operational, storage, or customization needs. C2 zoning supports its commercial positioning, while the existing building provides a foundation for a range of business activities related to the prior specialty use.
The property is located on Warwick Boulevard in Newport News, Virginia. Its placement along the boulevard provides direct street presence and access within the Newport News market. The combination of an established commercial building, C2 zoning, and a prior fabrication-oriented use creates a practical option for an owner or operator seeking flex-oriented space.
The property is located on Warwick Boulevard in Newport News, Virginia. Its placement along the boulevard provides direct street presence and access within the Newport News market. The combination of an established commercial building, C2 zoning, and a prior fabrication-oriented use creates a practical option for an owner or operator seeking flex-oriented space.
Key Highlights
- 3,140‑square‑foot commercial building
- 0.14‑acre parcel
- C2 zoning
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
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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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building along Warwick Boulevard with prior specialty fabrication use and space for operations, storage, or customization.
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: 3,140‑square‑foot commercial building; 0.14‑acre parcel; C2 zoning
