Auto Shop with Warehouse
For Sale
Contact for pricing
1425 W Pembroke Ave, Hampton, VA 23661
Automotive service property with customer-facing lobby, offices, equipment, and substantial garage area.
Property Size1,600 SF
Price / SF$161.88
Days on Market477
Property Features for 1425 W Pembroke Ave
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Special Purpose
Additional Details
Business Included
Yes
Road Access
Yes
Listing Agency:
Century 21 Nachman Realty
Listed By:
Clifford Wells · License #VA
Source:
Crexi
Added: May 12, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:38AM
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 Century 21 Nachman Realty
Investment Insights
Based on property information with market context.
This automotive property includes approximately 1,600 square feet with a front lobby, two office spaces, and a large warehouse or garage area. The layout has supported several automotive operations, including pre-owned vehicle sales, detailing, tire service, and vehicle maintenance.
Business inventory and installed equipment are included. Notable items include a 60-gallon air compressor, Challenger car lift, tire machine, storage shelving, office cabinetry, customer-area furnishings, and assorted tools. The property also offers exposure along a main road, providing a visible setting for an automotive-oriented business.
Business inventory and installed equipment are included. Notable items include a 60-gallon air compressor, Challenger car lift, tire machine, storage shelving, office cabinetry, customer-area furnishings, and assorted tools. The property also offers exposure along a main road, providing a visible setting for an automotive-oriented business.
Key Highlights
- Approximately 1,600 square feet of automotive‑oriented space
- Large warehouse or garage area with front lobby and two offices
- Main road exposure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,756
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,120
$335.1K
Cap Rate 7%
$239,371
$239.4K
Cap Rate 9%
$186,178
$186.2K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$25.0K $15.60/SF
− Vacancy
−$1.0K −$0.64/SF
EGI
$23.9K $14.96/SF
− OpEx
−$7.2K −$4.49/SF
NOI
$16.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,120
Cap Rate 7%
$239,371
Cap Rate 9%
$186,178
Alternative Uses
Best Use
Retail
$239.4K
$209.5K – $279.3K
NOI $16,756 @ 7.0% cap · market cap 6.47%
Second Best
Warehouse
$181.9K
$159.1K – $212.2K
NOI $12,730 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$416.1K
$364.1K – $485.4K
NOI $29,126 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23661, VA
13,771
Population
6,614
Households
2.1
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
4.7 sq mi
ZIP Area
2,930
Density / Sq Mi
$66,760
Median Household Income
$44,399
Median Earnings
$1,224
Median Rent
$200,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property with customer-facing lobby, offices, equipment, and substantial garage area.
Where is this auto shop located?
The property is located at 1425 W Pembroke Ave Hampton, VA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Approximately 1,600 square feet of automotive‑oriented space; Large warehouse or garage area with front lobby and two offices; Main road exposure
