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    4410 Claiborne Sq Hampton, VA 23666

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Hampton Office Space Available

    Lot size:
    21,205 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional office property, the Claiborne Building, located at 4410 E Claiborne Square in Hampton, Virginia, 23666, offers multiple tenancy options. Currently, there are two available spaces totaling 21,205 square feet of vacant space. Individual suites range in size from approximately 8,630 square feet to 12,575 square feet, providing flexibility for businesses of various scales. The building is classified as a traditional office space, ideal for a range of professional uses. The exact total square footage of the building is not currently available. This prime location offers excellent accessibility and visibility. A significant advantage is its proximity to the new Element Hotel by Westin, located just one block away, providing convenient lodging options for clients and employees. This presents a unique opportunity for businesses seeking a well-situated, spacious, and modern office environment in the vibrant Hampton, Virginia market. The property's address is easily accessible and offers ample parking. Interested parties are encouraged to inquire about lease terms and availability for these exceptional office spaces. The building's traditional office design provides a classic and professional atmosphere.

    Property Features for 4410 Claiborne Sq

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,205 SF

    Unit(s) available at that property

    Space
    2
    Size
    12,575 SF
    Rate per SF
    $15
    Space
    Available Space 1
    Size
    8,630 SF
    Rate per SF
    $15

    HighLights

    • Three‑story mixed‑use building with modern common areas.
    • High‑traffic location with excellent visibility.
    • Ample on‑site parking available for tenants and customers.
    • Flexible floor plans to accommodate various business needs.
    • Recently renovated interior with updated finishes.
    • Strong tenant roster with long‑term leases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anderson & Associates, PC Bankruptcy Attorney Desert Green Inc Notary Public Internal Tax Resolution ... Tax Attorney Hampton Tax Attorney ... Tax Attorney Tax Assistance Group ... Tax Attorney

    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
    -76.3929135
    Latitude
    37.0438244

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Hampton Office Space Available
    Where is this office property / space located?
    The property is located at 4410 Claiborne Sq Hampton, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Three-story mixed-use building with modern common areas.; High-traffic location with excellent visibility.; Ample on-site parking available for tenants and customers.
    Request Owner's contact information
    4410 Claiborne Sq Hampton, VA 23666
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    4410 Claiborne Sq Hampton, VA 23666
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