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Property profile & analytics
FOR SALE
Industrial land

950 Omni Blvd Newport News, VA 23602

5.06 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US87-1176872
Property summary
AI-generated overview

This exceptional 5.06-acre commercial land parcel is ideally situated at 950 Omni Boulevard in Newport News, Virginia, zip code 23602. Zoned C-4 (Hotel), this property presents a unique investment opportunity within the Oyster Point Industrial/office Park, a thriving business community recognized as the Peninsula's premier location. The site boasts unparalleled visibility from I-64 and the J Clyde Morris Blvd. exit, ensuring maximum exposure for any development. Its adjacency to the Magnuson Hotel (formerly the Omni Hotel) further enhances its strategic position within a vibrant area featuring over two million square feet of office space, numerous hotels, shopping centers, a mall, and a concentration of banking, legal, and research facilities. The property's size and zoning allow for a wide range of development possibilities, making it an attractive prospect for investors seeking high-impact commercial projects. A pylon sign is also available, adding to the property's marketing potential. This is a rare opportunity to acquire a significant land parcel in a prime location with exceptional visibility and access to a robust infrastructure. The asking price for this remarkable property is $800,000.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 5.06 ac (220,414 SF)
Zoning code C4
APN 185000105
UPID US87-1176872
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
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k
Owner & transaction history
ECONCOM
ECONCOM
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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