Live-Work Property with
For Sale
$625,000
112 Buckroe Avenue, Hampton, VA 23664
Multi Family Residential, Over/Under, Hampton, VA
Property Size1,892 SF
Price / SF$330.34
Days on Market56
Property Features for 112 Buckroe Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Subdivision
BUCKROE BEACH
Lot features
Deck, Flag Lot
Elementary school
Francis Asbury Elementary
Middle school
Benjamin Syms Middle
Standard status
Active
Size
1,892 SF
Taxes and HOA fees
Tax Annual Amount
1798
Amenities
lobby
conference area
accessible restroom
kitchenette
storage
covered rear porch
Building Details
Year built
1931
Roof type
Shingle
Architectural style
Other
Listing Agency:
Swell Realty Co
Listed By:
Tammy Coleman
(757) 216-9222
Added: Aug 26
Changed: Oct 2
Last Checked: Oct 19 at 11:06PM
MLS# 10651598
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 1,892-square-foot live-work property, built in 1931, combines a second-floor two-bedroom residence with office space on the first level. The residence includes a full bath, kitchen, living area, and rear deck, with water views. The office floor is arranged with a lobby, conference area, three offices, an accessible restroom, kitchenette, and storage. Front and rear parking are provided.
The property is 0.1 mile, or a two-minute walk, from Buckroe Beach. Improvements include updated HVAC, electrical and plumbing systems, structural work, and refreshed interiors, while original architectural details remain. Zoning is RM.
The property is 0.1 mile, or a two-minute walk, from Buckroe Beach. Improvements include updated HVAC, electrical and plumbing systems, structural work, and refreshed interiors, while original architectural details remain. Zoning is RM.
Key Highlights
- 1,892 square feet; built in 1931
- Second‑floor residence has 2 bedrooms, water views, and a rear deck
- First‑floor office layout includes a lobby, conference area, and three offices
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - A two-level layout pairs a second-floor residence with street-level professional workspace.
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 feet; built in 1931; Second‑floor residence has 2 bedrooms, water views, and a rear deck; First‑floor office layout includes a lobby, conference area, and three offices
