Auto Shop with Upholstery
New
For Sale
$210,000
2602 Build America Drive, Hampton, VA 23666
Commercial/Industrial, Hampton, VA
Property Size1,800 SF
Lot Size0.04 Acres
Price / SF$116.67
Days on Market4
Property Features for 2602 Build America Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Parking features
Assigned
Subdivision
COLISEUM PARK
Directions
Mercury Blvd to Build America Dr
Standard status
Active
Size
1,800 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
1646
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1984
Roof type
Tar/Gravel
Listing Agency:
Sheila Pane Realty
(757) 291-2388
Listed By:
Sheila Johnson-Pane
(757) 850-2300
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:06AM
MLS# 10658647
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.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot auto shop in Hampton was built in 1984 and has C3 zoning. The building is offered separately from the operating upholstery business, which is also available for purchase with its equipment and stock materials. Heating is provided by a heat pump, and the building has central air conditioning and an assigned parking space.
The property occupies a 0.04-acre lot. Its roof is tar and gravel.
The property occupies a 0.04-acre lot. Its roof is tar and gravel.
Key Highlights
- 1,800‑square‑foot auto shop on a 0.04‑acre lot
- C3 zoning
- Operating upholstery business also available with 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Hampton Roads Car Care — 2801 W Mercury Blvd, Hampton, VA 23666
- Tire Choice Auto Service Centers — 2707 W Mercury Blvd, Hampton, VA 23666
- 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 property includes an operating upholstery business offered with shop equipment and stock materials.
Where is this auto shop located?
The property is located at 2602 Build America Drive 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 on a 0.04‑acre lot; C3 zoning; Operating upholstery business also available with equipment and stock materials
