Flex Space Building with C2
85 W Mercury Boulevard Hampton, VA 23669
New
For Sale
$175,000
COMMERCIAL - Hampton, VA
Property Size800 SF
Lot Size0.18 Acres
Price / SF$218.75
Days on Market5
Property Features for 85 W Mercury Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Parking features
- Assigned
- Standard status
- Active
- Size
- 800 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1431
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air, Heat Pump
Building Details
- Roof type
- Shingle
Listing Agency:
AMW Real Estate Inc
(757) 806-5906
Listed By:
Amanda Walsh
(757) 725-4086
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 8:06AM
MLS# 10644028
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.
Investment Insights
Based on property information with market context.
Flex space building for sale at 85 W Mercury Boulevard in Hampton, Virginia. The property sits on 0.18 acres and is offered as a versatile structure that could be used for automotive services, office, office-warehouse, restaurant, retail, or warehouse use, depending on how an operator plans to meet applicable requirements.
The property is zoned C2, providing a framework for a range of commercial activity. Listing size is provided as 800 square feet.
Interested parties should verify permitted uses and any development requirements with the City of Hampton, as zoning and intended operating plans may impact feasibility.
The property is zoned C2, providing a framework for a range of commercial activity. Listing size is provided as 800 square feet.
Interested parties should verify permitted uses and any development requirements with the City of Hampton, as zoning and intended operating plans may impact feasibility.
Key Highlights
- Central air and heat pump heating
- Shingle roof
- Assigned parking
Financial Insights For Office B
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 | $15.8k | $19.80 |
| − Vacancy | −$1.8k | −$2.28 |
| EGI | $14.0k | $17.52 |
| − OpEx | −$3.5k | −$4.38 |
| NOI | $10.5k | $13.14 |
800 SF · lease $19.80/SF/yr · vacancy 11.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$150.2K
$131.4K – $175.2K
NOI $10,514 @ 7.0% cap · market cap 6.01%
Second Best
Warehouse
$90.9K
$79.6K – $106.1K
NOI $6,365 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$208.0K
$182.0K – $242.7K
NOI $14,563 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ridgway Bark Park
Dog Park
FAQs
What type of property is this?
Flex space - Flex space building on 0.18 acres, zoned C2, with flexible use options including office, office-warehouse, and retail.
Where is this flex space located?
The property is located at 85 W Mercury Boulevard Hampton, VA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Central air and heat pump heating; Shingle roof; Assigned parking
