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    Property profile & analytics
    OFF-MARKET Estimated value $12,225,000
    Warehouses

    5200 Mercury Blvd, Newport News, VA 23605-1445

    90,936 SF 1.2 ac lot Built 1974
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US87-0007299
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sears Appliance Repair Home Appliance Store
    • Go Store It Self Storage Storage Facility
    • Amsec LLC Engineering Consultant
    • Admiral Security Services Security Service
    • Maximus Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $8.91M
    CAP Approach CAP
    $13.12M
    Comparable Approach Comparable
    $10.74M
    Blend (final) Blend
    $12.23M
    Owner & transaction history
    Go Store It Hampton Dst · 3 yrs held
    Go Store It Hampton Dst
    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
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $16.9M +125.5%
    Commercial (general) $9.5M +27.4%
    Retail stores $8.7M +16.7%
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