Retail Space with Monument
For Sale
Contact for pricing
1721 N King St, Hampton, VA 23669
Retail building with monument signage and waterfront outdoor space on a 0.96-acre site.
Property Size3,861 SF
Lot Size0.96 Acres
Price / SF$118.88
Days on Market505
Property Features for 1721 N King St
General Information
Standard status
Active
Size
3,861 SF
Lot size
0.96 Acres
Property subtype
RETAIL
Listing Agency:
Campana Waltz Commercial Real Estate, LLC - West
(757) 209-2990
Listed By:
Ron A Campana Jr
Source:
Moodyscre
Added: Mar 14, 2025
Changed: Jul 31
Last Checked: Jul 31 at 3:29AM
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 retail space includes approximately 3,861 square feet of building area and 1,360 square feet of outdoor space on a 0.96-acre waterfront site. The property was previously used as a restaurant space, and the layout can support a range of professional retail or office uses.
The property is located at 1721 N King St in Hampton, VA 23669, with monument signage designed to support visibility. It is also in close proximity to Langley Air Force Base, which can be useful for tenant drawing power and day-to-day access.
With both building and outdoor space, this offering provides a flexible footprint for businesses looking for a prominent, sign-visible presence at the waterfront.
The property is located at 1721 N King St in Hampton, VA 23669, with monument signage designed to support visibility. It is also in close proximity to Langley Air Force Base, which can be useful for tenant drawing power and day-to-day access.
With both building and outdoor space, this offering provides a flexible footprint for businesses looking for a prominent, sign-visible presence at the waterfront.
Key Highlights
- 0.96‑acre waterfront property with 1,360 square feet of outdoor space
- Approximately 3,861 square feet of building area
- Monument signage for visibility
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 | $60.2k | $15.60 |
| − Vacancy | −$2.5k | −$0.64 |
| EGI | $57.8k | $14.96 |
| − OpEx | −$17.3k | −$4.49 |
| NOI | $40.4k | $10.47 |
3,861 SF · lease $15.60/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Office B
$724.9K
$634.3K – $845.7K
NOI $50,742 @ 7.0% cap · market cap 11.05%
Second Best
Retail
$577.6K
$505.4K – $673.9K
NOI $40,433 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$1.00M
$878.6K – $1.17M
NOI $70,286 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
154
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
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 - Retail building with monument signage and waterfront outdoor space on a 0.96-acre site.
Where is this retail space located?
The property is located at 1721 N King St Hampton, VA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 0.96‑acre waterfront property with 1,360 square feet of outdoor space; Approximately 3,861 square feet of building area; Monument signage for visibility
