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Property profile & analytics
OFF-MARKET
Commercial real estate

11820 Fountain Way Newport News, VA 23606

82,000 SF 0.54 ac lot Built 2007
Entity Owned 4-yr Hold
Property ID
US87-1168668
Property summary
AI-generated overview

This exceptional Class A office building, City Center at Oyster Point - Two City Center, offers 82,000 square feet of prime office space in the desirable Oyster Point submarket of Newport News, Virginia. Located at 11820 Fountain Way, 23606, this five-story building boasts 8 suites, with spaces ranging from a minimum of 1,366 square feet to a maximum contiguous space of 10,368 square feet. Built in 2007, the property features ample parking with 1007 spaces and two elevators for convenient access. The building's zoning is C4, and it sits on 0.54 acres of land with a floor area ratio (FAR) of 3.36. Enjoy the convenience of a full-service lease rate of $23.00 per square foot, including taxes of $1.73 per square foot. The location provides easy access to I-64, Newport News/Williamsburg International Airport, and public transportation. Shopping and dining options are within walking distance. Move-in ready suites are available with flexible lease terms and moving allowances for qualified tenants. This property presents a fantastic opportunity for businesses seeking a modern, well-located office space in a thriving Peninsula community. The cross street is Thimble Shoals Blvd.

Property profile
Verified
Property type Commercial real estate
Year built 2007
Total area 82,000 SF
Lot 0.54 ac (23,522 SF)
UPID US87-1168668
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
  • Anthem Blue Cross Blue Shield Insurance Agency
  • Merrill Lynch Wealth Management Financial Advisor
  • United Way of the Virginia Peninsula Charitable Organization Social Service Agency
  • Greater Peninsula Workforce Board Local Government Office
  • Franklin Management Company Property Management Company
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Ccop LLC · 4 yrs held
Ccop LLC
since 2021
2 recorded transactions
2021
$74.0M
2016
$8.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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