Office Unit with Three Private
For Sale
Contact for pricing
A-10357 Warwick Blvd, Newport News, VA 23607
A reception area and three enclosed offices provide a practical layout for client-facing or focused work.
Property Size1,400 SF
Price / SF$1.64
Days on Market17
Property Features for A-10357 Warwick Blvd
General Information
Standard status
Active
Size
1,400 SF
Listing Agency:
Atlantic Sothebys Int'l Realty
(757) 777-9870
Listed By:
Lea Marie Ngowakl · License #54173
(757) 428-4441
Source:
Exprealty
Added: Oct 14
Changed: Oct 29
Last Checked: Oct 28 at 9:10AM
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 Atlantic Sothebys Int'l Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 10357 Warwick Boulevard in Newport News, this office unit offers approximately 1,400 square feet arranged with a reception area and three private offices. The layout separates the welcome area from rooms suited to meetings or individual work.
The property is within the Hilton Village Historic District. Signage approval and city business approval are required, and tenants are responsible for securing approvals for their intended use and signage. Utilities are included up to a cap; tenants pay for any overages and for cable and internet. A three-year lease is preferred.
The property is within the Hilton Village Historic District. Signage approval and city business approval are required, and tenants are responsible for securing approvals for their intended use and signage. Utilities are included up to a cap; tenants pay for any overages and for cable and internet. A three-year lease is preferred.
Key Highlights
- Approximately 1,400 square feet
- Reception area and three private offices
- Situated within the Hilton Village Historic District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,529
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,580
$310.6K
Cap Rate 7%
$221,843
$221.8K
Cap Rate 9%
$172,544
$172.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$24.4K $17.40/SF
− Vacancy
−$3.7K −$2.61/SF
EGI
$20.7K $14.79/SF
− OpEx
−$5.2K −$3.70/SF
NOI
$15.5K $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%
$310,580
Cap Rate 7%
$221,843
Cap Rate 9%
$172,544
Alternative Uses
Best Use
Office B
$221.8K
$194.1K – $258.8K
NOI $15,529 @ 7.0% cap · market cap 675.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.3K
$260.2K – $346.9K
NOI $20,813 @ 7.0% cap · market cap 904.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 23607, VA
23,498
Population
10,764
Households
2.2
Avg Household Size
33
Median Age
14%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
3,916
Density / Sq Mi
$42,904
Median Household Income
$33,746
Median Earnings
$1,104
Median Rent
$146,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area and three enclosed offices provide a practical layout for client-facing or focused work.
Where is this office unit located?
The property is located at A-10357 Warwick Blvd Newport News, VA.
What are key features of this property?
This property features: Approximately 1,400 square feet; Reception area and three private offices; Situated within the Hilton Village Historic District
