Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5201 Mercury Blvd Newport News, VA 23605

    Sponsored
    For Lease
    $7 SF/Yr

    High-traffic retail space in Hampton, VA.

    Lot size:
    350,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This prime retail opportunity is located at 5200 Mercury Blvd in Hampton, Virginia, within the Newmarket Shopping Center in Newport News County. The property is classified as Commercial, Junior Anchor, offering multiple tenancy options. The total building size encompasses 350,000 square feet. Currently, there are several available spaces ranging in size from a minimum of 1,028 square feet to a maximum of 32,675 square feet. This presents a unique chance for businesses seeking various sizes of retail space to establish or expand their operations. The property's location in a high-traffic area ensures significant visibility and accessibility for customers. The asking price is below market value, making this an attractive investment opportunity. The property's address is 5201 Mercury Blvd, Hampton, VA 23605. The property is situated at latitude 37.018727 and longitude -76.446636. This retail center offers a strong potential for growth and profitability due to its size, location, and competitive pricing. Interested parties should inquire about available space and lease terms. The property type is retail.

    Property Features for 5201 Mercury Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    350,000 SF
    Total Rate
    204166.67

    Unit(s) available at that property

    Space
    Available Space
    Size
    32,675 SF
    Rate per SF
    $10

    HighLights

    • 37,000 vehicles per day (VPD) traffic count.
    • Two signalized entrances near the intersection of W. Mercury Blvd and Jefferson Ave.
    • Available spaces include 2nd generation restaurant, outparcel, and anchor spaces.
    • Tenancy includes a strong mix of local, regional, and national tenants.
    • Located 1.2 miles from Newport News Shipbuilding, employing 23,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News
    State
    Virginia
    Longitude
    -76.446636
    Latitude
    37.018727

    Nearby Similar for Lease

    • $20,000 /Mo
      8,000 SF

      Newport News Commercial Property For Lease

      8,000 SF commercial space on 1.8 acres for lease.
      14859 Warwick Blvd, Newport News, VA 23608
      View Details
    • $1.56 SF/Yr
      225 SF

      Newport News Professional Office Space

      Professional office space for lease in Newport News, Virginia.
      11825 Rock Landing Dr, Newport News, VA 23606
      View Details
    • $5 SF/Yr
      18,561 SF

      Versatile Warehouse Space For Lease

      Warehouse space with office, convenient location, and easy access.
      9616 Hosier St, Newport News, VA 23601
      View Details
    • $675 /Mo
      7,405 SF

      Move-in Ready Office Space

      Furnished office space in Oyster Point with utilities included.
      732 Thimble Shoals Blvd, Newport News, VA 23606
      View Details
    • $650 /Mo
      7,405 SF

      Move-in Ready Office Space

      Furnished office space in Oyster Point with utilities included.
      732 Thimble Shoals Blvd, Newport News, VA 23606
      View Details
    • $18 SF/Yr
      1,895 SF

      Retail Space Near I Hop

      Retail space available in high-visibility location, formerly a salon.
      11745 Jefferson Ave, Newport News, VA 23606
      View Details
    • Contact for pricing
      4,015 SF

      Newport News Retail Space Available

      Grocery-anchored retail center with renovated space in Newport News, Virginia.
      439-467 Oriana Rd, Newport News, VA 23608
      View Details
    • $16 SF/Yr
      1,500 SF

      Built-Out Barber Shop For Lease

      High-visibility location in Hampton's active commercial corridor.
      5005-5015 Mercury Blvd, Newport News, VA 23605
      View Details
    • $23 SF/Yr
      1,135 SF

      Retail Space in City Center

      Retail spaces available in a mixed-use development.
      705-707 Mariners Row, Newport News, VA
      View Details
    • $30 SF/Yr
      2,534 SF

      Tech Center Parkway Office Space

      Office space in Tech Center with coworking options available.
      700 Tech Ctr Pkwy, Newport News, VA
      View Details
    • Contact for pricing
      1,360 SF

      Retail Space in Oyster Point

      Retail space for lease in a premier business district.
      605-639 Pilot House Dr, Newport News, VA 23606
      View Details
    • $30 SF/Yr
      28,490 SF

      Tech Center Office Space Available

      Office space for rent in Tech Center, Newport News.
      800 Tech Ctr Pkwy, Newport News, VA
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space in Hampton, VA.
    Where is this individual retail property located?
    The property is located at 5201 Mercury Blvd Newport News, VA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 37,000 vehicles per day (VPD) traffic count.; Two signalized entrances near the intersection of W. Mercury Blvd and Jefferson Ave.; Available spaces include 2nd generation restaurant, outparcel, and anchor spaces.
    Request Owner's contact information
    5201 Mercury Blvd Newport News, VA 23605
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5201 Mercury Blvd
    Newport News, VA 23605
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5201 Mercury Blvd Newport News, VA 23605
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.