Freestanding Retail/Office Building on
For Sale
Contact for pricing
2703 W Mercury Blvd, Hampton, VA
Freestanding retail/office building on Mercury Boulevard in Hampton, Virginia.
Property Size3,599 SF
Lot Size0.32 Acres
Price / SF$131.98
Days on Market569
Property Features for 2703 W Mercury Blvd
General Information
Standard status
Active
Size
3,599 SF
Lot size
0.32 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Aberdeen
Listing Agency:
Campana Waltz Commercial Real Estate, LLC - West
(757) 209-2990
Listed By:
Ron A Campana Jr
Source:
Moodyscre
Added: Apr 11, 2025
Changed: Jul 6
Last Checked: Oct 30 at 2:19PM
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 Campana Waltz Commercial Real Estate, LLC - West
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail/office building is located directly on Mercury Boulevard in Hampton, Virginia. The property offers monument and building signage. The versatile layout is conducive for most retail or office uses. The building has a size of 3599 square feet.
Key Highlights
- Highly visible location on Mercury Boulevard
- Freestanding retail/office building
- Monument and building signage available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,690
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,800
$753.8K
Cap Rate 7%
$538,429
$538.4K
Cap Rate 9%
$418,778
$418.8K
Market Conditions
NOI Build-Up for 3,599 SF
Gross rent
$56.1K $15.60/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$53.8K $14.96/SF
− OpEx
−$16.2K −$4.49/SF
NOI
$37.7K $10.47/SF
Area
Hampton, VA
Vacancy
4.10%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,800
Cap Rate 7%
$538,429
Cap Rate 9%
$418,778
Alternative Uses
Best Use
Office B
$675.7K
$591.2K – $788.3K
NOI $47,299 @ 7.0% cap · market cap 9.96%
Second Best
Retail
$538.4K
$471.1K – $628.2K
NOI $37,690 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$935.9K
$819.0K – $1.09M
NOI $65,516 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
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Business Placement
Check the figures for this property
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?
Retail space - Freestanding retail/office building on Mercury Boulevard in Hampton, Virginia.
Where is this retail space located?
The property is located at 2703 W Mercury Blvd Hampton, VA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Highly visible location on Mercury Boulevard; Freestanding retail/office building; Monument and building signage available
