2538 W Pembroke Avenue Hampton, VA 23661
COMMERCIAL - Hampton, VA
Property Features for 2538 W Pembroke Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C3
- Parking features
- Off Street
- Standard status
- Active
- Size
- 5,100 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1819
Utilities
- Heating system
- Zoned, Forced Air
- Cooling system
- Zoned, Central Air
Building Details
- Year built
- 1957
Listing agent Kyle Hause License #0225143450
Listing office Long & Foster Real Estate Inc. 9286 Warwick Blvd., VA (757) 727-0069
Listing date Mar 11, 2022
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Investment Insights
Based on property information with market context.
The building fronts W Pembroke and backs up to I-664, with proximity to two exits noted in the remarks. Sale includes both 2538 and 2540 W Pembroke. The site also includes parking and a fenced-in back area.
Zoned C3, the property is offered for sale as a combined commercial and residential configuration under one ownership, with the first floor designed for business use and the upper level providing independent apartment access.
Key Highlights
- Two‑story commercial building fronting W Pembroke and backing up to I‑664
- 1st floor features office and warehouse space; 2nd floor has two 2‑bedroom apartments with a private side entrance
- Includes both 2538 and 2540 W Pembroke
Local Financial Insights For Warehouse
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 | $49.6k | $9.72 |
| − Vacancy | −$1.8k | −$0.36 |
| EGI | $47.7k | $9.36 |
| − OpEx | −$7.2k | −$1.40 |
| NOI | $40.6k | $7.96 |
Alternative Uses
Property Analytics
Current Use by Public Records
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