Restored Live-Work
New
For Sale
$625,000
112 Buckroe Ave, Hampton, VA 23664
Two-level property combines a professional office layout with a two-bedroom residence and water views.
Property Size1,892 SF
Price / SF$330.34
Days on Market3
Property Features for 112 Buckroe Ave
General Information
Standard status
Active
Size
1,892 SF
Property subtype
Commercial
Additional Details
Floor
1
Building Details
Year Built
1931
Buildings
1
Stories
2
Listing Agency:
Swell Realty Co
(757) 333-3366
Listed By:
Tammy Coleman · License #7318
Source:
Atcoastal
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 10:19PM
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 Swell Realty Co
Investment Insights
Based on property information with market context.
This 1,892-square-foot live-work property, built in 1931, combines a professional office environment with an upper-level residence. The first floor includes a lobby, conference area, three offices, an accessible restroom, kitchenette, storage, and a covered rear porch. The second floor contains a two-bedroom residence with a full bath, large kitchen, living area, water views, and an oversized rear deck.
The property has undergone extensive restoration, with updated HVAC, electrical, and plumbing systems, structural improvements, and renewed interior finishes alongside preserved architectural details. Front and rear parking provide on-site convenience. Buckroe Beach is 0.1 mile away, described as a 2-minute walk, while the property is also positioned near the Chesapeake Bay.
The property has undergone extensive restoration, with updated HVAC, electrical, and plumbing systems, structural improvements, and renewed interior finishes alongside preserved architectural details. Front and rear parking provide on-site convenience. Buckroe Beach is 0.1 mile away, described as a 2-minute walk, while the property is also positioned near the Chesapeake Bay.
Key Highlights
- 1,892 SF live‑work property built in 1931
- Second‑level two‑bedroom residence with water views and oversized rear deck
- First‑floor office layout with lobby, conference area, three offices, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,865
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,300
$497.3K
Cap Rate 7%
$355,214
$355.2K
Cap Rate 9%
$276,278
$276.3K
Market Conditions
NOI Build-Up for 1,892 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.5K $19.80/SF
− Vacancy
−$4.3K −$2.28/SF
EGI
$33.2K $17.52/SF
− OpEx
−$8.3K −$4.38/SF
NOI
$24.9K $13.14/SF
Area
Hampton, VA
Vacancy
11.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,300
Cap Rate 7%
$355,214
Cap Rate 9%
$276,278
Alternative Uses
Best Use
Office B
$355.2K
$310.8K – $414.4K
NOI $24,865 @ 7.0% cap · market cap 3.98%
Second Best
Mixed Use
$335.7K
$293.7K – $391.7K
NOI $23,499 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$492.0K
$430.5K – $574.0K
NOI $34,442 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 23664, VA
10,301
Population
4,871
Households
2.1
Avg Household Size
43
Median Age
33%
College-Educated
97%
High-School Grad
5.4 sq mi
ZIP Area
1,908
Density / Sq Mi
$81,667
Median Household Income
$44,014
Median Earnings
$1,303
Median Rent
$280,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Two-level property combines a professional office layout with a two-bedroom residence and water views.
Where is this live-work space located?
The property is located at 112 Buckroe Ave Hampton, VA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,892 SF live‑work property built in 1931; Second‑level two‑bedroom residence with water views and oversized rear deck; First‑floor office layout with lobby, conference area, three offices, and kitchenette
