Auto Repair Shop with
For Sale
$475,000
9955 Jefferson Ave, Newport News, VA 23605
Licensed automotive service facility with a practical commercial layout and on-site parking.
Property Size2,945 SF
Lot Size0.50 Acres
Price / SF$161.29
Days on Market162
Property Features for 9955 Jefferson Ave
General Information
Standard status
Active
Size
2,945 SF
Lot size
0.50 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Wainwright Real Estate
Listed By:
Stacie Sawyers
(757) 495-1900
Source:
Horakrealtygroup
Added: May 8
Changed: Oct 9
Last Checked: Oct 7 at 4:32PM
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 Wainwright Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,945-square-foot automotive property is currently licensed for auto repair and tire repair operations. The facility sits on a half-acre lot with plenty of parking, supporting customer access and vehicle servicing on site.
The property is located on Jefferson Avenue, identified in the source information as US Route 17, near the intersection of Jefferson Avenue and Main Street. Busy traffic along the corridor provides a prominent setting for an automotive service business.
The property is located on Jefferson Avenue, identified in the source information as US Route 17, near the intersection of Jefferson Avenue and Main Street. Busy traffic along the corridor provides a prominent setting for an automotive service business.
Key Highlights
- 2,945‑square‑foot automotive property
- Currently licensed for auto repair and tire repair
- Half‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,792
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,840
$495.8K
Cap Rate 7%
$354,171
$354.2K
Cap Rate 9%
$275,467
$275.5K
Market Conditions
NOI Build-Up for 2,945 SF
Gross rent
$36.4K $12.36/SF
− Vacancy
−$983 −$0.33/SF
EGI
$35.4K $12.03/SF
− OpEx
−$10.6K −$3.61/SF
NOI
$24.8K $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%
$495,840
Cap Rate 7%
$354,171
Cap Rate 9%
$275,467
Alternative Uses
Best Use
Retail
$354.2K
$309.9K – $413.2K
NOI $24,792 @ 7.0% cap · market cap 5.22%
Second Best
Industrial
$277.6K
$242.9K – $323.8K
NOI $19,429 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$625.5K
$547.3K – $729.7K
NOI $43,782 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
7-Eleven
Shops & Services
8,755 visits/mo
0.1 miles
Captain D's
Dining
6,126 visits/mo
0.3 miles
Little Caesars Pizza
Dining
4,069 visits/mo
0.2 miles
Cheese Steak Shop
Dining
1,815 visits/mo
0.5 miles
U-Haul
Shops & Services
1,294 visits/mo
0.4 miles
Demographics for 23605, VA
14,053
Population
6,944
Households
2
Avg Household Size
37
Median Age
18%
College-Educated
91%
High-School Grad
3.7 sq mi
ZIP Area
3,798
Density / Sq Mi
$52,899
Median Household Income
$36,286
Median Earnings
$1,187
Median Rent
$178,400
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
Similar Off Market Nearby
- A & F DISCOUNT TIRE — 9917 Warwick Blvd, Newport News, VA 23601
- Moody's Auto Body Tool & Supplies — 9807 Hosier St A, Newport News, VA 23601
- Goode's Automotive — 9805 warwick blvd, newport news, va 23601
- Mr. Newport News Mobile Mechanic — 9910 Hosier St, Newport News, VA 23601
- New Image Automotive Care Facility — 9917 Warwick Blvd, Newport News, VA 23601
Frequently Asked Questions
What type of property is this?
Auto shop - Licensed automotive service facility with a practical commercial layout and on-site parking.
Where is this auto shop located?
The property is located at 9955 Jefferson Ave Newport News, VA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,945‑square‑foot automotive property; Currently licensed for auto repair and tire repair; Half‑acre lot
