908 Lucas Creek Rd, Newport News, VA
Retail property with 4,911 square feet of space.
- Added:
- Feb 6, 2025
- Days on Market:
- 499
- Last Refresh:
- May 20 at 9:19 pm
Property Features for 908 Lucas Creek Rd
General Information
- Standard status
- Active
- Size
- 4,911 SF
- Lot size
- 0.52 Acres
- Property subtype
- RETAIL
Listing agent Michael Shapiro License #VA 0225261054
Listing office Drucker+Falk - Corporate (757) 245-1541
Listing date Feb 6, 2025
Source Moodyscre
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 Drucker+Falk - Corporate
HighLights
- 4,911 square feet of retail space
Overview
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 | $60.7k | $12.36 |
| − Vacancy | −$1.6k | −$0.33 |
| EGI | $59.1k | $12.03 |
| − OpEx | −$17.7k | −$3.61 |
| NOI | $41.3k | $8.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News
- State
- Virginia
- Longitude
- -76.5494
- Latitude
- 37.1374
