Income Producing Property | 760 Pilot House Dr
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Income Producing Property 760 Pilot House Dr
10,640 SF 100% Leased Office Building Newport News, VA 23606 $1,550,000 ($146/SF) 8.40% Cap Rate
Investment Highlights
- Ideal for Investor of Owner/User
- Quick and easy access to I64
- Walking distance to City Center in Oyster Point
- 2,080/sf - 4,740/sf Available to Occupy, Total Building is 10,640 SF
Executive Summary
10,640 Foot Office Building which is centrally located. The Property exemplifies a modern designed interior and exterior and features mezzanine levels with front view and operable windows. The Property is centrally located in Oyster Point Business Park, in Newport News, Virginia. Newport News is the largest city on the Hampton Roads Peninsula positioned along I-64 between the Richmond Metro Area and the cities of Virginia Beach and Norfolk.
Financial Summary (Actual - 2018) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$126,960
|
$11.93
|
Financial Summary (Actual - 2018)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $126,960 |
| Annual Per SF | $11.93 |
Property Facts
Sale Type
Investment
Property Type
Building Size
10,640 SF
Building Class
B
Year Built
2003
Price
$1,550,000
Price Per SF
$146
Cap Rate
8.40%
NOI
$130,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,320 SF
Building FAR
0.19
Lot Size
1.31 AC
Opportunity Zone
Yes
Zoning
C4
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste B
- 1,745 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste B | 1,745 SF | Office | Full Build-Out | 30 Days |
1st Fl-Ste B
| Size |
| 1,745 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
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PROPERTY TAXES
| Parcel Number | 205.00-08-03 | Improvements Assessment | $1,115,100 (2024) |
| Land Assessment | $203,500 (2024) | Total Assessment | $1,318,600 (2024) |
PROPERTY TAXES
Parcel Number
205.00-08-03
Land Assessment
$203,500 (2024)
Improvements Assessment
$1,115,100 (2024)
Total Assessment
$1,318,600 (2024)
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Income Producing Property | 760 Pilot House Dr
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