Auto Shop with Upholstery
2602 Build America Dr, Hampton, VA 23666
For Sale
$210,000
The active upholstery operation is offered alongside shop equipment and materials held as inventory.
Property Size1,800 SF
Price / SF$116.67
Days on Market21
Property Features for 2602 Build America Dr
General Information
Standard status
Size
Financials
Asking Price
Business Included
Site & Location
Neighborhood
Tenancy & Operations
Currently Operating
Real Estate Included
Taxes and HOA fees
Annual Taxes
Listing Agency:
Sheila Pane Realty
(757) 291-2388
Listed By:
Sheila Johnson-Pane
(757) 850-2300
Source:
Exprealty
Added: Oct 20
Changed: Nov 6
Last Checked: Nov 8 at 8:13AM
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 Sheila Pane Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,800-square-foot auto shop at 2602 Build America Dr in Hampton, Virginia, is offered for sale while an upholstery business continues to operate on site. The business is also available for purchase and includes its name, phone number, shop equipment, and materials classified as stock.
Showings require an appointment. The property and operating business are offered as separate components.
Showings require an appointment. The property and operating business are offered as separate components.
Key Highlights
- 1,800‑square‑foot auto shop
- Operating upholstery business also available for purchase
- Business sale includes its name, phone number, equipment, and stock materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,850
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,000
$377.0K
Cap Rate 7%
$269,286
$269.3K
Cap Rate 9%
$209,444
$209.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$28.1K $15.60/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$26.9K $14.96/SF
− OpEx
−$8.1K −$4.49/SF
NOI
$18.9K $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 Rate 5%
$377,000
Cap Rate 7%
$269,286
Cap Rate 9%
$209,444
Alternative Uses
Best Use
Retail
$269.3K
$235.6K – $314.2K
NOI $18,850 @ 7.0% cap · market cap 8.98%
Second Best
Industrial
$168.5K
$147.4K – $196.6K
NOI $11,794 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$468.1K
$409.6K – $546.1K
NOI $32,767 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
552k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Shops & Services 15%
Apparel 15%
Superstores 14%
BJ's Wholesale Club
Superstores
53,504 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
47,634 visits/mo
0.3 miles
Chick-fil-A
Dining
37,493 visits/mo
0.3 miles
Walmart Neighborhood Market
Groceries
37,354 visits/mo
0.4 miles
Burlington
Apparel
34,231 visits/mo
0.4 miles
Demographics for 23666, VA
52,845
Population
25,117
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
19.4 sq mi
ZIP Area
2,724
Density / Sq Mi
$70,798
Median Household Income
$42,552
Median Earnings
$1,439
Median Rent
$241,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- 948 Customs LLC — 1831 W Queen St, Hampton, VA 23666
- Toyota Service - Classic Toyota Hampton — 2301 W Mercury Blvd, Hampton, VA 23666
- Toyota Auto Parts - Classic Toyota Hampton — 2301 W Mercury Blvd, Hampton, VA 23666
Frequently Asked Questions
What type of property is this?
Auto shop - The active upholstery operation is offered alongside shop equipment and materials held as inventory.
Where is this auto shop located?
The property is located at 2602 Build America Dr Hampton, VA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,800‑square‑foot auto shop; Operating upholstery business also available for purchase; Business sale includes its name, phone number, equipment, and stock materials
