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Property profile & analytics
OFF-MARKET Estimated value $12,225,000
Warehouses

5200 Mercury Blvd Newport News, VA 23605-1445

90,936 SF 1.2 ac lot Built 1974
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US87-0007299
Property summary
AI-generated overview

This exceptional 17,574 square foot retail or office space presents a unique investment opportunity in the thriving Newmarket Fair shopping center in Newport News, Virginia. Located at 5200 W Mercury Blvd, zip code 23605, this end-cap space is carved from the former Sears building, offering high visibility and accessibility. The property sits on one acre of land and is zoned C-2, allowing for a variety of commercial uses. The space is part of a larger redevelopment project, with the eastern half of the building being converted into high-end self-storage. This prime location boasts significant traffic, situated along heavily trafficked West Mercury Boulevard (45,000 vehicles per day) and at the front entrance of Net Center, the largest office complex in Hampton (560,000 square feet), ensuring high foot traffic and visibility. The total building size is 100,000 square feet, with this available space spanning two floors. This presents a rare chance to establish a presence in a dynamic and well-established commercial area. The property's strategic location and ample square footage make it ideal for a variety of businesses seeking high visibility and convenient access to a large customer base. Newport News, VA offers a strong local economy and a growing population, making this a compelling investment opportunity.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1974
Construction TYPE NOT SPECIFIED
Total area 90,936 SF
Lot 1.2 ac (52,185 SF)
Zoning code 14 C-2 LIMITED COMMERCIAL
APN 03G007A00 0000U2
UPID US87-0007299
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sears Appliance Repair Home Appliance Store
  • Go Store It Self Storage Storage Facility
  • Amsec LLC Engineering Consultant
  • Admiral Security Services Security Service
  • Maximus Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.91M
CAP Approach CAP
$13.12M
Comparable Approach Comparable
$10.74M
Blend (final) Blend
$12.23M
Owner & transaction history
Go Store It Hampton Dst · 3 yrs held
Go Store It Hampton Dst
since 2023
Last sale
$12.0M
2 recorded transactions
2023
$12.0M
2021
$4.5M
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $16.9M +125.5%
Commercial (general) $9.5M +27.4%
Retail stores $8.7M +16.7%
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