Dental Medical Office
For Sale
$400,000
9916 Warwick Boulevard, Newport News, VA 23601
Suitable for dental office use and other small-business applications.
Property Size1,542 SF
Price / SF$259.40
Days on Market43
Property Features for 9916 Warwick Boulevard
General Information
Standard status
Active
Size
1,542 SF
Additional Details
Road Access
Yes
Listing Agency:
Garrett Realty Partners
Listed By:
Greg Garrett · License #0225071029
(757) 879-8599
Source:
Distinctlyrealestate
Added: Aug 24
Changed: Sep 13
Last Checked: Oct 5 at 7:38PM
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 Garrett Realty Partners
Investment Insights
Based on property information with market context.
This medical office space is identified for dental office use and may also accommodate a small contractor or other business applications. The property is located at 9916 Warwick Boulevard in Newport News, Virginia 23601.
Key Highlights
- Identified for dental office use
- Located at 9916 Warwick Boulevard, Newport News, VA 23601
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,105
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,100
$342.1K
Cap Rate 7%
$244,357
$244.4K
Cap Rate 9%
$190,056
$190.1K
Market Conditions
NOI Build-Up for 1,542 SF
Gross rent
$26.8K $17.40/SF
− Vacancy
−$4.0K −$2.61/SF
EGI
$22.8K $14.79/SF
− OpEx
−$5.7K −$3.70/SF
NOI
$17.1K $11.09/SF
Area
Newport News, VA
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,100
Cap Rate 7%
$244,357
Cap Rate 9%
$190,056
Alternative Uses
Best Use
Office B
$244.4K
$213.8K – $285.1K
NOI $17,105 @ 7.0% cap · market cap 4.28%
Second Best
Healthcare Medical
$232.2K
$203.2K – $270.9K
NOI $16,254 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$327.5K
$286.6K – $382.1K
NOI $22,924 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23601, VA
25,729
Population
12,593
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,477
Density / Sq Mi
$71,345
Median Household Income
$48,310
Median Earnings
$1,231
Median Rent
$235,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Suitable for dental office use and other small-business applications.
Where is this medical office space located?
The property is located at 9916 Warwick Boulevard Newport News, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Identified for dental office use; Located at 9916 Warwick Boulevard, Newport News, VA 23601
