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Property profile & analytics
OFF-MARKET
Estimated value
$11,535,000
Manufacturing properties
1000 Lucas Way Hampton, VA 23666-1573
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0472520
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
TYPE NOT SPECIFIED
Total area
119,499 SF
Lot
23 ac (1,001,880 SF)
Zoning code
38 LFA-3 HAMPTON ROADS CE
APN
07T001 00 0000ALUC
UPID
US87-0472520
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
TE Connectivity Corporate Office
-
Measurement Specialties Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.05M
Comparable Approach
Comparable
$12.72M
Blend (final)
Blend
$11.54M
Owner & transaction history
Bre Mars Property Owner LLC · 13 yrs held
Bre Mars Property Owner LLC
since 2013
2 recorded transactions
Zoning & alternative use
38 LFA-3 HAMPTON ROADS CE · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.4M
+77.9%
Retail stores
$11.7M
+34.7%
Warehouse, storage
$9.3M
+7.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hampton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hampton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,050,000
6.5%
$12,045,000
7%
$11,185,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,645,000
Current use
COMMERCIAL (GENERAL)
$15,380,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$11,650,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,280,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$11.54M
Range $10.38M – $12.69M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$97 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$169,130
Tax year 2023
Assessed value
$12,421,500
Assessed 2024
Previous assessed
$12,059,200
+3.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$2,830,700
Assessed improvement
$9,590,800
Land market value
$2,830,700
Improvement market value
$9,590,800
Total market value
$12,421,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Rooms
1
Total area
119,499 SF
Lot
23 ac (1,001,880 SF)
Zoning code
38 LFA-3 HAMPTON ROADS CE
APN
07T001 00 0000ALUC
UPID
US87-0472520
Jurisdiction
HAMPTON CITY
Zoning & alternative use
38 LFA-3 HAMPTON ROADS CE · Hampton, VA
Zoning 38 LFA-3 HAMPTON ROADS CE · permitted uses
38 LFA-3 HAMPTON ROADS CE · Hampton, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hampton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$15.4M
RETAIL STORES
Est. value
$11.7M
WAREHOUSE, STORAGE
Est. value
$9.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Lot
23 ac
Current owner
From public records · entity-resolved
Bre Mars Property Owner LLC
Entity
Mailing address
2 N PO BOX 2980TH PLZ STE #2350, CHICAGO, IL 60690-2980
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2013
$13,284,300
Bre Mars Property Owner LLC
Lucas Way Hampton LLC
Special Warranty Deed
$205,000,000 · Jpmorgan Chase Bank NA
Dec 12, 2005
$12,080
Lucas Way Hampton L L C
Hampton Finc'l Assocs
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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