Freestanding Drug Store with
10 Willow Oaks Blvd, Hampton, VA 23669
For Sale
Contact for pricing
The freestanding building includes a drive-thru and sits across from a Harris Teeter-anchored shopping center.
Property Size14,667 SF
Price / SF$306.81
Days on Market281
Property Features for 10 Willow Oaks Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Drive-Thru
Building Details
Buildings
Listing Agency:
Colliers | Norfolk
(757) 490-3300
Listed By:
Chris Read
(757) 450-5198
Source:
Moodyscre
Added: Feb 6
Changed: Nov 12
Last Checked: Nov 12 at 7:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Norfolk
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Investment Insights
Based on property information with market context.
This 14,667-square-foot freestanding former drug store building includes a drive-thru and is positioned for retail reuse. The property is located in Hampton’s Fox Hill submarket, with established residential communities surrounding the site.
Willow Oaks Shopping Center is directly across the street and includes Harris Teeter as an anchor. The combination of a freestanding layout, drive-thru infrastructure, nearby residential population, and adjacent shopping-center activity provides a clear physical framework for evaluating the property for continued retail use.
Willow Oaks Shopping Center is directly across the street and includes Harris Teeter as an anchor. The combination of a freestanding layout, drive-thru infrastructure, nearby residential population, and adjacent shopping-center activity provides a clear physical framework for evaluating the property for continued retail use.
Key Highlights
- 14,667‑square‑foot freestanding former drug store building
- Existing drive‑thru
- Located in Hampton’s Fox Hill submarket
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,705
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,694,100
$3.7M
Cap Rate 7%
$2,638,643
$2.6M
Cap Rate 9%
$2,052,278
$2.1M
Market Conditions
NOI Build-Up for 14,667 SF
Gross rent
$255.2K $17.40/SF
− Vacancy
−$8.9K −$0.61/SF
EGI
$246.3K $16.79/SF
− OpEx
−$61.6K −$4.20/SF
NOI
$184.7K $12.59/SF
Area
Hampton, VA
Vacancy
3.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,694,100
Cap Rate 7%
$2,638,643
Cap Rate 9%
$2,052,278
Alternative Uses
Best Use
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,705 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$2.19M
$1.92M – $2.56M
NOI $153,597 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$3.81M
$3.34M – $4.45M
NOI $266,998 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
72k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 41%
Shops & Services 4%
Harris Teeter
Groceries
29,661 visits/mo
0.1 miles
McDonald's
Dining
22,859 visits/mo
0.2 miles
Burger King
Dining
13,282 visits/mo
0.1 miles
Dairy Queen
Dining
3,843 visits/mo
0.2 miles
Truist
Shops & Services
2,632 visits/mo
0.1 miles
Demographics for 23669, VA
41,030
Population
17,589
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
94%
High-School Grad
12.1 sq mi
ZIP Area
3,391
Density / Sq Mi
$66,999
Median Household Income
$41,874
Median Earnings
$1,202
Median Rent
$246,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Eiro Energy Drinks/Supplements — 422 Cedar Dr, Hampton, VA 23669
- Bradley Progar — 227 Fox Hill Rd #2, Hampton, VA 236691739
- Rite Aid Pharmacy — 10 Willow Oaks Blvd, Hampton, VA 23669
- Roslyn L. Monroe, PharmD — 227 Fox Hill Rd, Hampton, VA 23669
Frequently Asked Questions
What type of property is this?
Drug store - The freestanding building includes a drive-thru and sits across from a Harris Teeter-anchored shopping center.
Where is this drug store located?
The property is located at 10 Willow Oaks Blvd Hampton, VA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 14,667‑square‑foot freestanding former drug store building; Existing drive‑thru; Located in Hampton’s Fox Hill submarket
