Restored Live-Work
112 Buckroe Avenue, Hampton, VA 23664
For Sale
$625,000
Commercial/Industrial, Hampton, VA
Property Size1,892 SF
Lot Size0.16 Acres
Price / SF$330.34
Days on Market77
Property Features for 112 Buckroe Avenue
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Standard status
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Listing Agency:
Swell Realty Co
Listed By:
Tammy Coleman · License VA #7318
(757) 216-9222
Added: Aug 26
Changed: Nov 6
Last Checked: Nov 10 at 11:06AM
MLS# 10651034
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This restored live-work property contains 1,892 square feet across two levels. The first floor is arranged for office use with a lobby, conference area, three offices, an accessible restroom, kitchenette, storage, and a covered rear porch. Upstairs, the two-bedroom residence includes a full bath, large kitchen, spacious living area, water views, and an oversized rear deck. Front and rear off-street parking are provided.
Originally built in 1931, the property has new HVAC, electrical, and plumbing systems, along with substantial framing and structural work. Renewed interiors complement retained architectural elements such as transom windows and distinctive roof and eave details. The property is zoned RM and sits 0.1 mile from Buckroe Beach, near the Chesapeake Bay.
Originally built in 1931, the property has new HVAC, electrical, and plumbing systems, along with substantial framing and structural work. Renewed interiors complement retained architectural elements such as transom windows and distinctive roof and eave details. The property is zoned RM and sits 0.1 mile from Buckroe Beach, near the Chesapeake Bay.
Key Highlights
- 1,892‑square‑foot live‑work property with office space below and a 2‑bedroom residence above
- RM zoning with a first‑floor office layout including 3 offices and a conference area
- Upstairs residence features a full bath, expansive kitchen, water views, and oversized rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,865
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - RM-zoned property combines a professional office layout on the first level with a two-bedroom residence above.
Where is this live-work space located?
The property is located at 112 Buckroe Avenue 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‑square‑foot live‑work property with office space below and a 2‑bedroom residence above; RM zoning with a first‑floor office layout including 3 offices and a conference area; Upstairs residence features a full bath, expansive kitchen, water views, and oversized rear deck
