9955 Jefferson Avenue Newport News, VA 23605
COMMERCIAL - Newport News, VA
- Added:
- Apr 12, 2024
- Days on Market:
- 821
- Last Refresh:
- Jul 11 at 2:06 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
Listing agent Stacie Sawyers (757) 495-1900
Listing office Wainwright Real Estate 4098 Foxwood Drive, Va. Beach, VA (757) 495-1900
Listing date Apr 12, 2024
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.
Investment Insights
Based on property information with market context.
Key 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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| 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 |
Alternative Uses
Property Analytics
Current Use by Public Records
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