Fully Leased Office Building with
For Sale
$325,000
1283 N King Street, Hampton, VA 23669
Commercial/Industrial, Hampton, VA
Property Size4,408 SF
Lot Size0.32 Acres
Price / SF$73.73
Days on Market1839
Property Features for 1283 N King Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Subdivision
ALL OTHERS AREA 103
Standard status
Active
Size
4,408 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
1956
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1949
Roof type
Shingle
Listing Agency:
Long & Foster Real Estate Inc.
(757) 727-0069
Listed By:
Kyle Hause · License #0225143450
(888) 536-0216
Added: Sep 24, 2021
Changed: Oct 5
Last Checked: Oct 6 at 8:06PM
MLS# 10402825
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 office building provides approximately 4,400 square feet of office space along with approximately 1,100 square feet allocated to garage and workshop functions. The property is fully leased and includes four car or bay garages, supporting a combination of professional office and work-related operations. Built in 1949, the building has a shingle roof, central air conditioning, and natural gas forced-air heating.
The building fronts N King Street in Hampton and extends toward Little Back River Road. The 0.32-acre site is zoned C1 and is identified by the address 1283 N King Street, Hampton, VA 23669.
The building fronts N King Street in Hampton and extends toward Little Back River Road. The 0.32-acre site is zoned C1 and is identified by the address 1283 N King Street, Hampton, VA 23669.
Key Highlights
- Fully leased office building with approximately 4,400 SF of office space
- Approximately 1,100 SF of garage and workshop space
- Four car or bay garages included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,882
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,640
$577.6K
Cap Rate 7%
$412,600
$412.6K
Cap Rate 9%
$320,911
$320.9K
Market Conditions
NOI Build-Up for 4,408 SF
Gross rent
$42.8K $9.72/SF
− Vacancy
−$1.6K −$0.36/SF
EGI
$41.3K $9.36/SF
− OpEx
−$12.4K −$2.81/SF
NOI
$28.9K $6.55/SF
Area
Hampton, VA
Vacancy
3.70%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,640
Cap Rate 7%
$412,600
Cap Rate 9%
$320,911
Alternative Uses
Best Use
Office B
$827.6K
$724.1K – $965.5K
NOI $57,931 @ 7.0% cap · market cap 17.82%
Second Best
Flex RnD
$445.6K
$389.9K – $519.9K
NOI $31,193 @ 7.0% cap · market cap 9.60%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,243 @ 7.0% cap · market cap 24.69%
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
4
Drive-in doors
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 23669, VA
41,030
Population
17,589
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
94%
High-School Grad
12.1 sq mi
ZIP Area
3,391
Density / Sq Mi
$66,999
Median Household Income
$41,874
Median Earnings
$1,202
Median Rent
$246,400
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?
Office building - C1-zoned office property with dedicated garage and workshop space.
Where is this office building located?
The property is located at 1283 N King Street Hampton, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully leased office building with approximately 4,400 SF of office space; Approximately 1,100 SF of garage and workshop space; Four car or bay garages included
