Restored Live-Work
For Sale
$625,000
112 Buckroe Avenue, Hampton, VA 23664
Commercial/Industrial, Hampton, VA
Property Size1,892 SF
Lot Size0.16 Acres
Price / SF$330.34
Days on Market31
Property Features for 112 Buckroe Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RM
Parking features
Off Street
Subdivision
BUCKROE BEACH
Standard status
Active
Size
1,892 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1798
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Heat Pump
Building Details
Year built
1931
Roof type
Shingle
Listing Agency:
Swell Realty Co
(757) 216-9222
Listed By:
Tammy Coleman · License #7318
(757) 333-3366
Added: Aug 26
Changed: Sep 24
Last Checked: Sep 25 at 8:06AM
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.
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 = 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
