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    Property profile & analytics

    1002 Mercury Blvd Hampton, VA 23666-3405

    • Turn key restaurants
    • 2,361 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimation
    $1,135,000
    Last Sale
    Sep 15, 2022
    $1,100,000
    Location Intelligence
    Property ID
    US87-2793860
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • IHOP / American Restaurant / Family Restaurant

    Property Details for 1002 Mercury Blvd

    Year built
    1969
    Construction
    WOOD
    Lot size
    0.60 lot acres
    Property size
    2,361 SF
    Zone code
    14 C-2 LIMITED COMMERCIAL
    Property type
    Turn key restaurants
    APN
    07E017 00 00000PCC
    APU
    07E0170000000PCC

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,190,000
      6.5%
      $1,080,000
      7%
      $1,175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,145,000
      Geo Method
      $1,045,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $935,000
      Retail
      $960,000
      Mixed-Use
      $1,135,000
      Hospitality
      $885,000
      Educational
      $895,000
      Residential Income
      $830,000
      Energy
      $1,140,000
      Income-Based Land
      $1,040,000
      Food Service
      $1,030,000

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.3777
    Latitude
    37.0445
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,253
    $731,800
    $300,000
    $1,031,800
    -
    $731,800
    $300,000
    $1,031,800

    Comparable in this City

    • Value Estimation by Request
      15,368 SF

      1976 Power Plant Pkwy

      RESTAURANT • 15,368 SF
      1976 Power Plant Pkwy, Hampton, VA 23666-3156
      View Details
    • Value Estimation by Request
      1,808 SF

      2800 Mercury Blvd

      RESTAURANT • 1,808 SF
      2800 Mercury Blvd, Hampton, VA 23666-3928
      View Details
    • Value Estimation by Request
      6,233 SF

      1940 Power Plant Pkwy

      RESTAURANT • 6,233 SF
      1940 Power Plant Pkwy, Hampton, VA 23666-3156
      View Details
    • Value Estimation by Request
      6,857 SF

      50 Town Ctr Way

      RESTAURANT • 6,857 SF
      50 Town Ctr Way, Hampton, VA 23666-1999
      View Details
    • Value Estimation by Request
      8,561 SF

      55 Town Ctr Way

      RESTAURANT • 8,561 SF
      55 Town Ctr Way, Hampton, VA 23666-1999
      View Details
    • Value Estimation by Request
      6,446 SF

      1066 Mercury Blvd

      RESTAURANT • 6,446 SF
      1066 Mercury Blvd, Hampton, VA 23666-3378
      View Details

    Similar Nearby for Sale

    • $475,000
      3,599 SF

      Freestanding Retail/Office Building on Mercury

      Freestanding retail/office building on Mercury Boulevard in Hampton, Virginia.
      2703 W Mercury Blvd, Hampton, VA 23666
      View Details
    • $1,500,000
      11,000 SF

      Retail Strip Center For Sale

      Freestanding retail strip center with high frontage and exposure.
      1928 N Armistead Ave, Hampton, VA 23666
      View Details
    • $2,500,000
      11,217 SF

      Hampton Retail Property: Prime Location

      11,217 SF Vacant Retail Building, High Traffic
      4813 Mercury Blvd, Hampton, VA 23666
      View Details
    • Contact for pricing

      Hampton Commercial Land - 1.43 Acres

      High-visibility lot, ideal for commercial development.
      4800 Mercury Blvd, Hampton, VA 23666
      View Details
    • $550,000

      Cleared Land in Urban Zone

      Flat, cleared land suitable for various commercial uses.
      2201 Todds Ln, Hampton, VA 23666
      View Details
    • Contact for pricing

      Prime Retail Outparcel on Mercury

      0.92 acre outparcel on Hampton's primary retail corridor.
      1123 W Mercury Blvd, Hampton, VA 23666
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      20,000 SF

      Executive Crossing East Retail Spaces

      Prime Hampton retail space, multiple suites available.
      2280 Executive Dr, Hampton, VA 23666
      View Details
    • Contact for pricing
      20,000 SF

      Retail Pad Sites Available

      Retail spaces for ground lease or retrofit in Hampton, Virginia.
      4004 W Mercury Blvd, Hampton, VA 23666
      View Details
    • Contact for pricing
      2,678 SF

      Freestanding Restaurant on Coliseum Drive

      Freestanding restaurant with high visibility and access on 0.36 acres.
      2034 Coliseum Dr, Hampton, VA 23666
      View Details
    • $16 SF/Yr
      17,008 SF

      Prime Hampton Retail Space

      17,008 SF Strip Center, Space Available
      2501-2525 Mercury Blvd, Hampton, VA 23666
      View Details
    • Contact for pricing
      50,000 SF

      Retail Space in Coliseum Central

      Retail space available in Coliseum Central master plan.
      103 Market Place Dr, Hampton, VA 23666
      View Details
    • $30 SF/Yr
      4,000 SF

      Retail Space Near Interstate 64

      Retail space available in Hampton, Virginia near Interstate 64.
      1102-1120 W Mercury Blvd, Hampton, VA 23666
      View Details
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    1002 Mercury Blvd
    Hampton, VA 23666-3405
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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
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