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    Jefferson Avenue Commercial Property Title is generated by Realmo AI

    9955 Jefferson Avenue, Newport News, VA 23605

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    Claim this Listing
    For Sale
    $475,000

    COMMERCIAL - Newport News, VA

    Property size:
    2,945 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $161/SF
    Added:
    Apr 12, 2024
    Days on Market:
    772
    Last Refresh:
    May 23 at 6:06 pm

    Property Features for 9955 Jefferson Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C2
    Standard status
    Active
    Size
    2,945 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4546

    Utilities

    Heating system
    Oil
    Cooling system
    Wall/Window Unit(s)

    Building Details

    Roof type
    Tar/Gravel

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    Listing Contact
    Stacie Sawyers

    Listing agent Stacie Sawyers

    Listing office Wainwright Real Estate 4098 Foxwood Drive, Va. Beach, VA

    Listing date Apr 12, 2024

    MLS# 10527664 Listing URL

    Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on Jefferson Ave (US route 17) with very busy traffic.
    • Currently licensed as an auto repair and tire repair facility.
    • Half acre lot near the intersection of Jefferson Ave and Main St.
    • Plenty of parking.
    • 2945 sq ft.
    • Oil heating.

    Overview

    Located on Jefferson Avenue (US Route 17) in Newport News, Virginia, this commercial property benefits from high traffic volume. The property occupies a half-acre lot near the intersection of Jefferson Avenue and Main Street. The building has 2945 square feet of space. Currently, the property is licensed as an auto repair and tire repair facility. The property is zoned C2 and offers ample parking.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $275.5K
    NOI $24,792 @ 9.00% cap · cautious / downside scenario
    Moderate
    $354.2K
    NOI $24,792 @ 7.00% cap · market / base-case scenario
    Aggressive
    $495.8K
    NOI $24,792 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
    Calculated for Retail

    Component $ $/SF
    Gross rent $36.4k $12.36
    − Vacancy −$983 −$0.33
    EGI $35.4k $12.03
    − OpEx −$10.6k −$3.61
    NOI $24.8k $8.42
    2,945 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $354.2K
    $309.9K – $413.2K (±1% cap)
    NOI $24,792 @ 7.0% cap · market cap 5.22%
    Second Best
    Industrial
    $277.6K
    $242.9K – $323.8K (±1% cap)
    NOI $19,429 @ 7.0% cap · market cap 4.09%
    Theoretical Best
    Office A
    $625.5K
    $547.3K – $729.7K (±1% cap)
    NOI $43,782 @ 7.0% cap · market cap 9.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bappi’s New And Used ... (Bike/Boat/Book/etc) Store Davis Alignment Services Auto Repair Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • 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
    • 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

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News
    State
    Virginia
    Longitude
    -76.455217
    Latitude
    37.036038

    FAQs

    What type of property is this?
    Auto shop - 2945 SF commercial property on a half-acre lot.
    Where is this auto shop located?
    The property is located at 9955 Jefferson Avenue 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: Prime location on Jefferson Ave (US route 17) with very busy traffic.; Currently licensed as an auto repair and tire repair facility.; Half acre lot near the intersection of Jefferson Ave and Main St.
    More about this property
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