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    124 Newmarket Sq Hampton, VA

    For Lease
    $10 SF/Yr

    Retail space available in high-traffic Newmarket Shopping Center.

    Property size:
    32,675 SF
    Lot size:
    33.98 Acres

    Property Features for 124 Newmarket Sq

    General Information

    Size
    32,675 SF
    Lot size
    33.98 Acres

    Source: Creoteric Commercial Real Estate Agent Jon Elliott

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Newmarket Shopping Center

    Located near the intersection of W. Mercury Blvd and Jefferson Ave, Newmarket Shopping Center offers retail space for rent. The property has 1,249 feet of frontage on W. Mercury Blvd, which experiences an average daily traffic count of 37,000 vehicles. The shopping center has two signalized entrances. The property size is 32,675 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Hampton
    County
    York
    State
    Virginia
    Longitude
    -76.4144568
    Latitude
    37.0085648

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in high-traffic Newmarket Shopping Center.
    Where is this shopping center located?
    The property is located at 124 Newmarket Sq Hampton, VA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location with 37,000 vehicles per day on W. Mercury Blvd.; - Boasts extensive frontage with 1,249' on W. Mercury Blvd.; - Located in Newmarket Shopping Center.
    (757) 270-2788
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 Newmarket Sq Hampton, VA
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