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    439 Oriana Rd Newport News, VA 23608

    Sponsored
    For Lease
    $8 SF/Yr

    Prime Medical Office Suites Available

    Lot size:
    194,377 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Newport Crossing offers exceptional medical office space in a thriving Newport News, VA location. This 194,377 square foot, multi-tenant retail center boasts 18,705 square feet of immediately available space, divisible into units ranging from 1,920 to 7,200 contiguous square feet. Situated at 439 Oriana Rd, 23608, the property benefits from a high-traffic location at a major intersection, with over 78,000 cars passing daily. The center is strategically positioned on the Denbigh/Warwick retail corridor, between Jefferson Avenue (Route 143) and Warwick Boulevard (Route 60), providing excellent visibility and accessibility. Strong anchors include Riverside Health System, Food Lion, Dollar Tree, and Citi Trends, ensuring a stable tenant mix and high foot traffic. The area's robust economy, fueled by a significant military presence, the world's largest naval base, and a major port, contributes to a low unemployment rate of 5.4%. With approximately 15,000 residents within a one-mile radius and nearly 80,000 within three miles, Newport Crossing presents a unique opportunity for medical practices seeking a prominent location in a densely populated and economically strong market. The center's location near major transportation routes and a CSX rail line further enhances its logistical advantages. This is a rare chance to acquire renovated space in a well-established, grocery-anchored retail center.

    Property Features for 439 Oriana Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    194,377 SF
    Total Rate
    129584.67

    Unit(s) available at that property

    Space
    Size
    5,538 SF
    Rate per SF
    $8
    Space
    Available Space 4
    Size
    4,015 SF
    Rate per SF
    $8

    HighLights

    • 194,377 square foot multi‑tenant retail center with 18,705 square feet of immediately available medical office space.
    • Divisible suites ranging from 1,920 to 7,200 contiguous square feet.
    • High‑traffic location at a major intersection with over 78,000 cars daily, situated on the Denbigh/Warwick retail corridor.
    • Strong anchor tenants including Riverside Health System, Food Lion, Dollar Tree, and Citi Trends.
    • Located in Newport News, VA, near major transportation routes and a CSX rail line, in a densely populated area with low unemployment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hades Seafood Seafood Restaurant USAA - ATM Atm InnovAge Virginia PACE ... Aged Care PACE Newport News Nursing Home Teresa Mcconaughy Family Practice Physician

    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
    Hampton City
    State
    Virginia
    Longitude
    -76.5355725
    Latitude
    37.1330259

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    FAQs

    What type of property is this?
    Restaurant - Prime Medical Office Suites Available
    Where is this restaurant located?
    The property is located at 439 Oriana Rd Newport News, VA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 194,377 square foot multi-tenant retail center with 18,705 square feet of immediately available medical office space.; Divisible suites ranging from 1,920 to 7,200 contiguous square feet.; High-traffic location at a major intersection with over 78,000 cars daily, situated on the Denbigh/Warwick retail corridor.
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    Newport News, VA 23608
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    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
    439 Oriana Rd Newport News, VA 23608
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