Downtown Hampton Commercial Property For
550 Settlers Landing Rd, Hampton, VA 23669
For Sale
Contact for pricing
Commercial property in vibrant downtown Hampton with high traffic volume.
Property Size3,808 SF
Price / SF$367.65
Days on Market265
Property Features for 550 Settlers Landing Rd
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Listing Agency:
Harvey Lindsay Commercial Real Estate
Listed By:
Michael Allen, CCIM · License VA #0225228674
(757) 640-9475
Source:
Crexi
Added: Feb 19
Changed: Nov 5
Last Checked: Nov 10 at 6:15AM
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 Harvey Lindsay Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located in downtown Hampton at the signalized intersection of Settlers Landing Road and Bridge Street, this commercial property offers a strong amenity base with numerous restaurants and retail options within walking distance. The property features signage opportunities on the building and a monument sign on Settlers Landing Road. It has one drive-through lane and frontage of 193 linear feet on Settlers Landing Road and 123 linear feet on Bridge Street. The property includes 27 parking spaces, providing a ratio of 5.52 spaces per 1,000 square feet. Traffic counts on Settlers Landing Road average 12,029 vehicles per day. The property size is 3,808 square feet.
Key Highlights
- Prime downtown Hampton location at a signalized intersection.
- High visibility with frontage on Settlers Landing Road (193 ft) and Bridge Street (123 ft).
- Ample parking with 27 spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,046
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,920
$1.0M
Cap Rate 7%
$714,943
$714.9K
Cap Rate 9%
$556,067
$556.1K
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$75.4K $19.80/SF
− Vacancy
−$8.7K −$2.28/SF
EGI
$66.7K $17.52/SF
− OpEx
−$16.7K −$4.38/SF
NOI
$50.0K $13.14/SF
Area
Hampton, VA
Vacancy
11.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,920
Cap Rate 7%
$714,943
Cap Rate 9%
$556,067
Alternative Uses
Best Use
Office B
$714.9K
$625.6K – $834.1K
NOI $50,046 @ 7.0% cap · market cap 3.57%
Second Best
Retail
$569.7K
$498.5K – $664.6K
NOI $39,878 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$990.3K
$866.5K – $1.16M
NOI $69,321 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail properties & Spaces in Hampton
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail property - Commercial property in vibrant downtown Hampton with high traffic volume.
Where is this retail property located?
The property is located at 550 Settlers Landing Rd Hampton, VA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime downtown Hampton location at a signalized intersection.; High visibility with frontage on Settlers Landing Road (193 ft) and Bridge Street (123 ft).; Ample parking with 27 spaces.
