550 Oyster Pt Rd Newport News, VA 23602-6013
Property profile & analytics
550 Oyster Pt Rd Newport News, VA 23602-6013
- Commercial real estate
- 13,798 SF
- 1.17 lot acres
Property ID
US87-0282207
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.
Location Intelligence
Current Use by Public Records
- Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
- FedEx Office Print & Ship Center / Courier Service / Postal Service
- Cold Stone Creamery / Grocery & Convenience Store / Specialty Food Shop
- SMOKE UP / (Bike/Boat/Book/etc) Store
- Joseph Benson Realtor / Real Estate Agency
Property Details for 550 Oyster Pt Rd
- Year built
- 1988
- Construction
- FRAME
- Lot size
- 1.17 lot acres
- Property size
- 13,798 SF
- Zone code
- C1
- Property type
- Commercial real estate
- APN
- 161000129
- APU
- 161000129
Description
This exceptional retail opportunity is located at 550 Oyster Point Road in Newport News, Virginia, within the highly desirable Warwick County. The property is a C-1 zoned neighborhood center totaling 14,220 square feet, currently housing multiple tenants. A single, vacant storefront of 2,790 square feet is immediately available, presenting a unique chance for a business to establish itself in a thriving commercial area. The building enjoys excellent visibility and accessibility, benefiting from its location within a well-established center alongside national brands such as Cold Stone Creamery and FedEx/Kinkos. This ensures high foot traffic and a strong customer base. The property's address is 550 Oyster Point Road, Newport News, VA 23602. The available space is part of a larger building, offering potential for synergy and collaboration with existing businesses. This is an ideal location for a variety of retail uses, given the high-traffic nature of the area and the presence of complementary businesses. The property's zoning designation is C-1, allowing for a range of retail possibilities. Serious inquiries are encouraged to explore this promising investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,380,000
- 6.5%
- $2,195,000
- 7%
- $2,040,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,952,000
Market price range: $365k - $2.03M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,690,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newport News
- County
- Newport News City
- State
- Virginia
- Longitude
- -76.4971
- Latitude
- 37.1048
- 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
$45,104
$589,200
$2,928,000
$3,517,200
-
$589,200
$2,928,000
$3,517,200
