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727 J Clyde Morris Blvd
Newport News, VA 23601
Office Property For Sale
EXECUTIVE SUMMARY
Positioned in the heart of Newport News, 727 J. Clyde Morris Boulevard offers a rare opportunity to acquire a fully leased, income-producing Class B office property with strong upside potential. This free-standing, multi-unit building spans approximately 8,578 square feet on 0.69 acres and boasts exceptional frontage and visibility along J. Clyde Morris Boulevard, one of the city’s most traveled corridors with traffic counts exceeding 38,000 vehicles per day.
Strategically located adjacent to Oyster Point Business Park and minutes from Interstate 64, the property provides seamless connectivity to the Peninsula’s major employment centers, retail hubs, and residential communities. Its central positioning ensures convenient access for tenants and clients alike, while monument signage enhances brand exposure for occupants.
The asset comprises six professional office suites, all under lease, delivering a stable income stream with a current NOI of $67,154 and a competitive 6.7% cap rate. Zoned C-1 Retail Commercial District, the property supports a wide range of commercial uses, offering flexibility for future repositioning or redevelopment. Surrounding demographics reflect a strong professional base, with over 84,000 residents within a three-mile radius and an average household income exceeding $76,000.
Whether you are an investor seeking reliable cash flow or an owner-user planning for long-term growth, this property represents a compelling blend of location, stability, and potential. Offered at $995,000, 727 J. Clyde Morris Boulevard is a prime addition to any portfolio in the thriving Newport News market.
Strategically located adjacent to Oyster Point Business Park and minutes from Interstate 64, the property provides seamless connectivity to the Peninsula’s major employment centers, retail hubs, and residential communities. Its central positioning ensures convenient access for tenants and clients alike, while monument signage enhances brand exposure for occupants.
The asset comprises six professional office suites, all under lease, delivering a stable income stream with a current NOI of $67,154 and a competitive 6.7% cap rate. Zoned C-1 Retail Commercial District, the property supports a wide range of commercial uses, offering flexibility for future repositioning or redevelopment. Surrounding demographics reflect a strong professional base, with over 84,000 residents within a three-mile radius and an average household income exceeding $76,000.
Whether you are an investor seeking reliable cash flow or an owner-user planning for long-term growth, this property represents a compelling blend of location, stability, and potential. Offered at $995,000, 727 J. Clyde Morris Boulevard is a prime addition to any portfolio in the thriving Newport News market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
8,578 SF
Building Class
B
Year Built
2007
Price
$1,380,463 CAD
Price Per SF
$160.93 CAD
Cap Rate
6.70%
NOI
$92,491 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,289 SF
Slab To Slab
10’
Building FAR
0.29
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
42 Spaces (4.9 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 205.00-02-21 | Improvements Assessment | $467,659 CAD |
| Land Assessment | $625,027 CAD | Total Assessment | $1,092,687 CAD |
PROPERTY TAXES
Parcel Number
205.00-02-21
Land Assessment
$625,027 CAD
Improvements Assessment
$467,659 CAD
Total Assessment
$1,092,687 CAD
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