Jefferson Avenue Commercial
For Sale
$475,000
9955 Jefferson Avenue, Newport News, VA 23605
COMMERCIAL - Newport News, VA
Property Size2,945 SF
Lot Size0.50 Acres
Price / SF$161.29
Days on Market841
Property Features for 9955 Jefferson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
ALL OTHERS AREA 107
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 Agency:
Wainwright Real Estate
(757) 495-1900
Listed By:
Stacie Sawyers
(757) 495-1900
Added: Apr 12, 2024
Changed: May 15
Last Checked: Jul 31 at 1:06PM
MLS# 10527664
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.
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.
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.
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 |
2,945 SF · lease $12.36/SF/yr · vacancy 2.70% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market 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
Frequently Asked Questions
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.
