Freestanding Retail/Office Building on
For Sale
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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 Market477
Property Features for 2703 W Mercury Blvd
General Information
Standard status
Active
Size
3,599 SF
Lot size
0.32 Acres
Property subtype
OFFICE
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: Jul 21 at 5:50AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.1k | $15.60 |
| − Vacancy | −$2.3k | −$0.64 |
| EGI | $53.8k | $14.96 |
| − OpEx | −$16.2k | −$4.49 |
| NOI | $37.7k | $10.47 |
3,599 SF · lease $15.60/SF/yr · vacancy 4.10% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
