Automotive Shop with Fenced
For Sale
Contact for pricing
908 Lucas Creek Rd, Newport News, VA 23608
Eight-bay automotive shop with paint booth and car lift.
Property Size4,911 SF
Price / SF$131.34
Days on Market1470
Property Features for 908 Lucas Creek Rd
General Information
Standard status
Active
Size
4,911 SF
Property subtype
Special Purpose
Zoning
C1
Building Details
Year Built
1982
Listing Agency:
Drucker + Falk
Listed By:
Michael Shapiro · License #VA 0225028178
(757) 873-1401
Source:
Crexi
Added: Sep 29, 2022
Changed: Sep 27
Last Checked: Oct 5 at 4:35PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 8‑bay automotive shop provides ample workspace.
- Includes a small paint booth for specialized services.
- One car lift included for immediate use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,343
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,860
$826.9K
Cap Rate 7%
$590,614
$590.6K
Cap Rate 9%
$459,367
$459.4K
Market Conditions
NOI Build-Up for 4,911 SF
Gross rent
$60.7K $12.36/SF
− Vacancy
−$1.6K −$0.33/SF
EGI
$59.1K $12.03/SF
− OpEx
−$17.7K −$3.61/SF
NOI
$41.3K $8.42/SF
Area
Newport News, VA
Vacancy
2.70%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,860
Cap Rate 7%
$590,614
Cap Rate 9%
$459,367
Alternative Uses
Best Use
Retail
$590.6K
$516.8K – $689.1K
NOI $41,343 @ 7.0% cap · market cap 6.41%
Second Best
Industrial
$462.9K
$405.0K – $540.0K
NOI $32,400 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.04M
$912.6K – $1.22M
NOI $73,010 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23608, VA
43,943
Population
18,448
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
90%
High-School Grad
10.7 sq mi
ZIP Area
4,107
Density / Sq Mi
$67,556
Median Household Income
$40,208
Median Earnings
$1,245
Median Rent
$243,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Leggett & Jones Auto Repair — 14380 Old Courthouse Way, Newport News, VA 23608
- Meineke Car Care Center — 415 Oriana Rd, Denbigh, VA 23608
- Auto Maximus — 14746 Warwick Blvd, Newport News, VA 23608
- Milex Complete Auto Care - Mr. Transmission — 14798 Warwick Blvd, Newport News, VA 23608
- Beechmont Garage — 14758 Warwick Blvd, Newport News, VA 23608
Frequently Asked Questions
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.
