Commercial Building Near Newport
7826 Warwick Boulevard, Newport News, VA 23607
COMMERCIAL - Newport News, VA
Property size:
3,140 SFLot size:
0.14 AcresPrice / SF:
$141/SF- Added:
- Dec 9, 2024
- Days on Market:
- 540
- Last Refresh:
- Jun 2 at 4:06 pm
Property Features for 7826 Warwick Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Standard status
- Active
- Size
- 3,140 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1262
Listing agent Carlyn Menser License #0225104023 (757) 525-3639
Listing office RE/MAX Connect 100 Newsome Dr. Suite E, Yorktown, VA (757) 525-3639
Listing date Dec 9, 2024
MLS# 10562795
Listing URL
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.
HighLights
- Prime commercial location on Warwick Boulevard near Newport News Shipyard.
- High‑demand area with excellent visibility and accessibility.
- Versatile building suitable for various business operations.
- Ample space for operations, storage, or customization.
- Formerly a custom fiberglass business, well‑suited for similar uses.
- Strategic location offers an exceptional opportunity for businesses.
Overview
Located on Warwick Boulevard in Newport News, Virginia, this commercial building offers a strategic location. The property, with a size of 3140 square feet and a lot size of 0.14 acres, is zoned C2. Formerly used by a custom fiberglass business, the property is suited for similar uses. The building provides ample space for operations, storage, or customization. The property presents an opportunity for businesses to establish or expand in a high-demand area with visibility and accessibility.
Local Financial Insights For Retail
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 | $38.8k | $12.36 |
| − Vacancy | −$1.0k | −$0.33 |
| EGI | $37.8k | $12.03 |
| − OpEx | −$11.3k | −$3.61 |
| NOI | $26.4k | $8.42 |
3,140 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$377.6K
$330.4K – $440.6K
NOI $26,434 @ 7.0% cap · market cap 5.94%
Second Best
Industrial
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 4.66%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Fiberglass Customs
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News
- State
- Virginia
- Longitude
- -76.450691
- Latitude
- 37.019066
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Versatile commercial building on Warwick Boulevard, Newport News.
Where is this storefront 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 commercial location on Warwick Boulevard near Newport News Shipyard.; High‑demand area with excellent visibility and accessibility.; Versatile building suitable for various business operations.
