Property profile

5200 Mercury Blvd Newport News, VA 23605

OFF-MARKET
Warehouses
Property ID
US87-0007299
90,936 SF 1.2 ac lot Built 1974
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 17,574 square foot retail or office space presents a unique investment opportunity in the thriving Newmarket Fair shopping center in Newport News, Virginia. Located at 5200 W Mercury Blvd, zip code 23605, this end-cap space is carved from the former Sears building, offering high visibility and accessibility. The property sits on one acre of land and is zoned C-2, allowing for a variety of commercial uses. The space is part of a larger redevelopment project, with the eastern half of the building being converted into high-end self-storage. This prime location boasts significant traffic, situated along heavily trafficked West Mercury Boulevard (45,000 vehicles per day) and at the front entrance of Net Center, the largest office complex in Hampton (560,000 square feet), ensuring high foot traffic and visibility. The total building size is 100,000 square feet, with this available space spanning two floors. This presents a rare chance to establish a presence in a dynamic and well-established commercial area. The property's strategic location and ample square footage make it ideal for a variety of businesses seeking high visibility and convenient access to a large customer base. Newport News, VA offers a strong local economy and a growing population, making this a compelling investment opportunity.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1974
Construction TYPE NOT SPECIFIED
Total area 90,936 SF
Lot 1.2 ac (52,185 SF)
Zoning code 14 C-2 LIMITED COMMERCIAL
APN 03G007A00 0000U2
UPID US87-0007299

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Appliance Store
  • Storage Facility
  • Engineering Consultant
  • Security Service
  • Corporate Office

Location

5200 Mercury Blvd Newport News, VA 23605-1445
Newport News metro Census 10309 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.91M
CAP Approach CAP
$13.12M
Comparable Approach Comparable
$10.74M
Blend (final) Blend
$13.26M

Owner & transaction history

since 2023
Last sale
$12.0M
2 recorded transactions
2023
$12.0M
2021
$4.5M

Zoning & alternative use

14 C-2 LIMITED COMMERCIAL · Newport News, VA
Top alternative use upside
Auto repair, garage $16.9M +125.5%
Commercial (general) $9.5M +27.4%
Retail stores $8.7M +16.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5200 Mercury Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message