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    Property profile & analytics

    14500 Warwick Blvd Newport News, VA 23608

    • Commercial real estate
    • 3,496 SF
    • 1.15 lot acres
    For Lease
    View listing
    Value Estimations
    $555,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0716686
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ATM (Suntrust Bank) / Atm

    Property Details for 14500 Warwick Blvd

    Year built
    1974
    Construction
    FRAME
    Lot size
    1.15 lot acres
    Property size
    3,496 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    108000143
    APU
    108000143

    Description

    This exceptional 3,496 square foot retail space is ideally situated at 14500 Warwick Blvd in Newport News, Virginia, zip code 23608. The property, built in 1974, sits on a 1.15-acre lot and is currently vacant, offering a blank canvas for a new business venture. Its former use as a bank speaks to its strong structural integrity and adaptable layout. The building's location benefits from high visibility and accessibility, positioned near the intersection of Warwick Boulevard (with a daily traffic volume of 39,924 vehicles) and Oriana Road, within the Denbigh trade area. This area boasts a substantial and transient residential population, significantly influenced by the strong military presence in the region. The property's proximity to Joint Base Langley-Eustis, with its over 106,500 personnel, presents a significant opportunity to tap into a large consumer base. The single-tenant occupancy allows for complete control and customization of the space, making it perfect for a variety of retail uses. This is a rare opportunity to acquire a well-located, sizable retail property in a thriving community. The property's size and location make it an attractive investment for businesses seeking high visibility and access to a large customer base. The county is Newport News city.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $605,000
      6.5%
      $555,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $724,000
      Market price range: $352k - $725k
      AI Estimate
      $587,000
      Market price range: $149k - $588k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newport News
    County
    Newport News City
    State
    Virginia
    Longitude
    -76.538
    Latitude
    37.1306
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,438
    $799,900
    $443,700
    $1,243,600
    -
    $799,900
    $443,700
    $1,243,600

    Comparable in this City

    • Value Estimation
      $22,275,000
      125,000 SF

      15638 Warwick Blvd

      COMMERCIAL (GENERAL) • 125,000 SF
      15638 Warwick Blvd, Newport News, VA 23608-2110
      View Details
    • Value Estimation
      $675,000
      4,084 SF

      441 Denbigh Blvd

      COMMERCIAL (GENERAL) • 4,084 SF
      441 Denbigh Blvd, Newport News, VA 23608-3802
      View Details
    • Value Estimation by Request
      984 SF

      710 Denbigh Blvd Ste 2b

      COMMERCIAL (GENERAL) • 984 SF
      710 Denbigh Blvd Ste 2b, Newport News, VA 23608-4427
      View Details
    • Value Estimation by Request
      736 SF

      482 Denbigh Blvd

      COMMERCIAL (GENERAL) • 736 SF
      482 Denbigh Blvd, Newport News, VA 23608-3900
      View Details
    • Value Estimation
      $1,005,000
      10,500 SF

      452 Denbigh Blvd

      COMMERCIAL (GENERAL) • 10,500 SF
      452 Denbigh Blvd, Newport News, VA 23608-3805
      View Details
    • Value Estimation by Request
      230 SF

      521 Industrial Park Dr

      COMMERCIAL (GENERAL) • 230 SF
      521 Industrial Park Dr, Newport News, VA 23608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.50 Acres

      Newport News Mixed-Use Land Opportunity

      Prime location, mixed-use zoning, development potential.
      903 Denbigh Blvd, Newport News, VA 23608
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      Prime Newport News Commercial Land

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      Jefferson Avenue Land For Sale

      1.78 AC of M1-zoned land with high traffic volume.
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      Waterfront Lot in Established Neighborhood

      Residential land for sale in Newport News, Virginia.
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      Newport News Automotive Garage

      Prime 4,911 SF Shop, $675K
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      6,344 SF

      Medical Office Near Hospital

      Leased medical office building near hospital with strong demographics.
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    Similar Nearby for Lease

    • $16 SF/Yr
      65,000 SF

      Oyster Point Executive Offices

      Prime Newport News Office Suites
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      857 SF

      Newport News Office Space Available

      Office condos for lease or sale in Newport News.
      464-490 Denbigh Blvd, Newport News, VA 23608
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    • Contact for pricing
      1,065 SF

      Retail Space in Mixed-Use Development

      Retail space available in a mixed-use development.
      621 Stoney Creek Ln, Newport News, VA 23608
      View Details
    • $9 SF/Yr
      3,200 SF

      Newport News Warehouse For Lease

      Spacious Warehouse, Residential House Included
      21 Curtis Tignor Rd, Newport News, VA 23608
      View Details
    • Contact for pricing
      3,496 SF

      Retail Space with Drive-Thru

      3,496 SF retail space with drive-thru available for rent.
      14500 Warwick Blvd, Newport News, VA 23608
      View Details
    • Contact for pricing
      1,250 SF

      Newport News Flex/Industrial Space

      Flex/Industrial space available for lease in Newport News, VA.
      605 Industrial Park Dr, Newport News, VA 23608
      View Details
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    Newport News, VA 23608
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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