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Property profile & analytics
FOR SALE
Commercial real estate

9302 Warwick Blvd Newport News, VA 23601

12,832 SF 1.11 ac lot Built 1950
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-0966147
Property summary
AI-generated overview

This exceptional 12,832 square foot commercial property, located at 9302 Warwick Blvd in Newport News, Virginia, presents a unique investment opportunity. Built in 1950 and situated on a 1.1-acre lot, this two-story Class B building offers versatile usage potential. Currently zoned O-1, permitted uses include medical office, school, adult day care, rehabilitation facility, and community center. The asking price is $1,650,000, translating to a price per square foot of $128.58. The property's prime location is just outside of Historic Hilton Village, conveniently across from Huntington Park, ensuring high visibility and accessibility. The building is ready for occupancy on March 1st, 2024. With its substantial size and flexible zoning, this property is ideal for a variety of commercial ventures, offering a strong return on investment. The property's diverse permitted uses allow for a wide range of potential buyers and tenants, making it a highly attractive investment opportunity in a desirable location. The ample lot size provides additional development potential, further enhancing its value. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving area of Newport News.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction FRAME
Total area 12,832 SF
Lot 1.11 ac (48,352 SF)
Zoning code O1
APN 269000418
UPID US87-0966147
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
  • Mid-Atlantic Teen Challenge Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$700k
Owner & transaction history
Whap Mahantji LLC · 2 yrs held
Whap Mahantji LLC
since 2023
Last sale
$690,000
4 recorded transactions
2023
$690,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
O1 · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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