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Property profile & analytics
OFF-MARKET
Office Spaces

724 Thimble Shoals Blvd Newport News, VA 23606

5,000 SF 2.94 ac lot Built 1984
Property ID
Property summary
AI-generated overview

This exceptional Class A executive office building, located at 724 Thimble Shoals Blvd in Newport News, Virginia, presents a unique investment opportunity. The single-story structure, built in 1984, boasts a total of 30,000 square feet on a 2.94-acre lot, offering flexible suite sizes ranging from 5,000 to 20,000 square feet of net rentable space (10,000 currently available). Situated at a signalized intersection, the property enjoys maximum visibility from Thimble Shoals Blvd and Canon Blvd, with prominent signage opportunities. The building features 157 surface parking spaces, providing a generous parking ratio. Its prime location within Oyster Point Park places it adjacent to City Center, a vibrant mixed-use development encompassing Class A office buildings, national retailers, entertainment venues, and a Marriott Conference Center. The property is zoned C4 and benefits from 3-phase power. The building is currently available for sale, either entirely vacant or with existing tenants. The full-service lease rate is $15.95 per square foot. This is an exceptional opportunity to acquire a highly visible and well-located office building in a thriving commercial area.

Property profile
Verified
Property type Office Spaces
Year built 1984
Total area 5,000 SF
Lot 2.94 ac (128,066 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Homes by David Johnson, REALTOR® Real Estate Agency
  • Keith Lovick, Howard Hanna Real Estate Svcs. Real Estate Agency
  • Stephen Simmons Real Estate Agency
  • The Crist Team, Howard Hanna William E. Wood Real Estate Agency
  • Katlyn Potter Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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