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    514 Butler Farm Rd Hampton, VA 23666

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Executive Office Suites Available Now

    Lot size:
    61,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Hampton Roads Center offers a significant opportunity for businesses seeking executive office space. This two-story, 61,488 square foot building, constructed in 1992, currently has 29,905 square feet of vacant space available for lease. The largest contiguous block of available space totals 15,033 square feet, ideal for a single tenant or a combination of smaller tenants. The building is configured for multiple tenancies, offering flexibility to accommodate various business needs and sizes. The property's location provides excellent access to key transportation routes and amenities (specific location details not provided). The building's 1992 construction offers a solid foundation for a modern office environment, with ample space for customization and tenant improvements. This presents a rare opportunity to secure substantial office space in a well-established building. Interested parties are encouraged to inquire about lease terms and available configurations to determine the best fit for their business requirements. The building's size and layout provide a versatile solution for companies seeking to establish a strong presence in the area. The availability of a large contiguous space is a particularly attractive feature for businesses requiring significant office area. The multiple tenancy option allows for scalability and adaptability to changing business needs.

    Property Features for 514 Butler Farm Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    61,488 SF
    Total Rate
    84546

    Building Details

    Year Built
    1992
    Stories
    2

    Unit(s) available at that property

    Space
    1
    Size
    15,033 SF
    Rate per SF
    $16

    HighLights

    • 61,488 SF office building.
    • Executive office suites available.
    • Multi‑tenant building.
    • 15,033 SF maximum contiguous space available.
    • 29,905 SF currently vacant.
    • Built in 1992.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dcaa Military Base IBEX Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.4075856
    Latitude
    37.0634217

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Executive Office Suites Available Now
    Where is this office property / space located?
    The property is located at 514 Butler Farm Rd Hampton, VA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 61,488 SF office building.; Executive office suites available.; Multi-tenant building.
    Request Owner's contact information
    514 Butler Farm Rd Hampton, VA 23666
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    Hampton, VA 23666
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 Butler Farm Rd Hampton, VA 23666
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