724 Thimble Shoals Blvd Newport News, VA 23606
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.
-
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.