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    Automotive Shop with Fenced Yard Title is generated by Realmo AI

    908 Lucas Creek Rd, Newport News, VA 23608

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    Eight-bay automotive shop with paint booth and car lift.

    Type:Special Purpose
    Property size:
    4,911 SF
    Price / SF:
    $131/SF
    Added:
    Sep 29, 2022
    Days on Market:
    1378
    Last Refresh:
    Jul 5 at 9:41 am

    Property Features for 908 Lucas Creek Rd

    General Information

    Standard status
    Active
    Size
    4,911 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1982

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    Contact an agent
    Michael Shapiro
    Michael Shapiro

    Listing office Drucker + Falk

    Listing date Sep 29, 2022

    Source Crexi

    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

    HighLights

    • 8‑bay automotive shop provides ample workspace.
    • Includes a small paint booth for specialized services.
    • One car lift included for immediate use.
    • 10 x 10 overhead doors facilitate vehicle access.
    • Compressed air system installed.
    • Fenced yard offers secure storage.

    Overview

    This is an automotive shop featuring eight bays, a small paint booth, and a single car lift. The property includes 10 x 10 overhead doors and a compressed air system. A fenced yard is also included. The property size is 4,911 square feet.

    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
    4,911 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $590.6K
    $516.8K – $689.1K (±1% cap)
    NOI $41,343 @ 7.0% cap · market cap 6.41%
    Second Best
    Industrial
    $462.9K
    $405.0K – $540.0K (±1% cap)
    NOI $32,400 @ 7.0% cap · market cap 5.02%
    Theoretical Best
    Office A
    $1.04M
    $912.6K – $1.22M (±1% cap)
    NOI $73,010 @ 7.0% cap · market cap 11.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Denbigh Body & Painting ... Auto Repair Shop

    Suggested Use

    Law Firm Real Estate Agency Dental Office Accounting Firm Gym & Fitness Center Computer & Electronic Repair Parking Lot & Garage Department Store Electrical Service Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Milex Complete Auto Care - Mr. Transmission — 14798 Warwick Blvd, Newport News, VA 23608
    • Auto Maximus — 14746 Warwick Blvd, Newport News, VA 23608
    • Leggett & Jones Auto Repair — 14380 Old Courthouse Way, Newport News, VA 23608
    • Beechmont Garage — 14758 Warwick Blvd, Newport News, VA 23608
    • Meineke Car Care Center — 415 Oriana Rd, Denbigh, VA 23608

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News
    State
    Virginia
    Longitude
    -76.5494174
    Latitude
    37.1373542

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    FAQs

    What type of property is this?
    Auto shop - Eight-bay automotive shop with paint booth and car lift.
    Where is this auto shop located?
    The property is located at 908 Lucas Creek Rd Newport News, VA.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: 8‑bay automotive shop provides ample workspace.; Includes a small paint booth for specialized services.; One car lift included for immediate use.
    (757) 873-1401 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Shapiro
    Michael Shapiro
    Real Estate License ID: VA 0225028178
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