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    5007 Mercury Blvd Hampton, VA 23605
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    5007 Mercury Blvd, Hampton, VA 23605

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    • Retail properties & Spaces
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    Cap Rate Potential
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    Current Use by Public Records

    • Sky nails and salon / Nail Salon

    Property Details for 5007 Mercury Blvd

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail space, located at 5007 W Mercury Blvd in Hampton, Virginia (zip code 23605), presents a fantastic opportunity for a business seeking high visibility and foot traffic. The property is a single-tenant retail space totaling 1,134 square feet, ideal for a variety of retail uses. Its prime location on West Mercury Boulevard offers excellent exposure to a substantial customer base. The area boasts significant vehicular traffic, with daily counts of 45,754 vehicles on Mercury Boulevard and 43,144 on Jefferson Avenue, ensuring consistent visibility for your business. This property is perfect for a business looking to establish a strong presence in a thriving Hampton community. The building is categorized as retail, offering a versatile space adaptable to various retail concepts. The property's precise building square footage is not currently available. This location provides easy access for customers and employees alike, making it a highly desirable location for any retail operation. Serious inquiries are encouraged to explore this promising retail opportunity further. Contact us today to schedule a viewing and discuss your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.436
    Latitude
    37.0229

    Comparable in this City

    • Value Estimation by Request
      355,962 SF

      5201 Mercury Blvd

      Lifestyle centers
      5201 Mercury Blvd, Hampton, VA 23605
      View Details
    • Value Estimation
      $4,290,000
      114,538 SF

      5200 Mercury Blvd

      DEPARTMENT STORE
      5200 Mercury Blvd, Newport News, VA 23605-1445
      View Details
    • Value Estimation by Request
      0.90 Acres

      5200 Mercury Blvd

      Land
      5200 Mercury Blvd, Hampton, VA 23605
      View Details
    • Value Estimation by Request
      56,720 SF

      10143-10153 Jefferson Ave

      Shopping malls
      10143-10153 Jefferson Ave, Newport News, VA 23605
      View Details
    • Value Estimation by Request
      0.15 Acres

      5117 81st St

      FINANCIAL BUILDING
      5117 81st St, Newport News, VA 23605
      View Details
    • Value Estimation
      $1,235,000
      8,425 SF

      4907 Mercury Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4907 Mercury Blvd, Newport News, VA 23605-1601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,552 SF

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      Turnkey Hemp Retail Business

      High-visibility, high-traffic location with strong repeat customer base.
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      Jefferson Avenue Commercial Property

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      Newport News Commercial Property For Sale

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      Newport News Commercial Property For Sale

      Commercial property with building, business, and equipment included.
      5858 Jefferson Ave, Newport News, VA 23605
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    • $520,000
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      Newport News Restaurant Opportunity

      Commercial restaurant property in a high-traffic Newport News location.
      9900 Jefferson Ave, Newport News, VA 23605
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    Similar Nearby for Lease

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      Retail Space Near Major Retailers

      Retail space for lease near Walmart and Food Lion.
      9976 Jefferson Ave, Newport News, VA 23605
      View Details
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      Jefferson Avenue Retail Space Available

      Retail spaces available from 1,200 to 29,000 square feet.
      10143-10153 Jefferson Ave, Newport News, VA 23605
      View Details
    • Contact for pricing
      1,500 SF

      Built-Out Barber Shop For Lease

      High-visibility location in Hampton's active commercial corridor.
      5005-5015 Mercury Blvd, Newport News, VA 23605
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    • Contact for pricing
      100,000 SF

      Newmarket Fair Retail/Office Space

      17,574 SF End Cap Space Available
      5200 Mercury Blvd, Newport News, VA 23605
      View Details
    • Contact for pricing
      32,675 SF

      Retail Space in Newmarket Shopping Center

      Retail space available in high-traffic Newmarket Shopping Center.
      124 Newmarket Sq, Hampton, VA 23605
      View Details
    • Contact for pricing

      Newmarket Land Parcel For Lease

      3.26 acre land parcel with frontage on Jefferson Avenue.
      6128 Jefferson Ave, Newport News, VA 23605
      View Details
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    Hampton, VA 23605
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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