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Property profile & analytics
FOR LEASE
Industrial land

809 Diligence Dr Newport News, VA 23606

1.66 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US87-1163726
Property summary
AI-generated overview

This exceptional flex/R&D space, located at 809 Diligence Drive in Newport News, Virginia, offers a unique opportunity for businesses seeking customizable space in a prime location. The property, zoned C4, boasts a total of 16,450 square feet, with a minimum divisible space of 8,225 square feet. This new construction building provides ample parking and is ideally situated within the vibrant Oyster Point Business Park. Its strategic location offers easy access to major transportation arteries, including Interstate 64 and J. Clyde Morris Boulevard (Route 17), ensuring seamless commutes and efficient logistics. The space is adaptable to various needs, accommodating build-outs ranging from 30% to 100% office space, making it perfect for businesses requiring a blend of office and warehouse/research and development areas. Lease rates are competitive, starting at a minimum blended rate of $13.25 per square foot, with warehouse space at $12 PSF and office space at $16 PSF. The property's flexible layout and prime location make it an ideal choice for companies seeking long-term growth and a strategic business address in the thriving Newport News market. The zip code is 23606. This is a multi-tenant building. Don't miss this chance to secure your ideal workspace in this dynamic business park.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.66 ac (72,310 SF)
Zoning code C4
APN 196000197
UPID US87-1163726
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k
Owner & transaction history
TECH II LLC
TECH II LLC
Zoning & alternative use
C4 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of this zone is to establish district regulations creating a well organized, landscaped environment for Oyster Point business district which is proposed for a concentration of professional and business offices, financial institutions, retail, manufacturing, municipal, cultural, transportation and entertainment uses

Zone name Oyster Point Business
General category INDUSTRIAL
Zone area 479.55 ac
Source Realmo
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