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Property profile & analytics
FOR LEASE
Industrial properties
104 Research Dr Hampton, VA 23666
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3894156
For Lease
1 / 4
$12.50 SF/Yr
104 Research Dr, Hampton, VA 23666
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2021
Total area
11,880 SF
Lot
3.69 ac (160,736 SF)
Zoning code
49 LBP - LANGLEY BUSINESS
APN
06M030A00 00000
UPID
US87-3894156
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.19M
Owner & transaction history
C And D Store Dev · 18 yrs held
C And D Store Dev
since 2008
3 recorded transactions
Zoning & alternative use
49 LBP - LANGLEY BUSINESS · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+77.9%
Retail stores
$1.2M
+34.7%
Warehouse, storage
$920,000
+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%
$1,295,000
6.5%
$1,200,000
7%
$1,110,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$860,000
Current use
COMMERCIAL (GENERAL)
$1,530,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$1,160,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$920,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$100 / 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
$25,732
Tax year 2023
Assessed value
$1,979,000
Assessed 2024
Previous assessed
$1,961,300
+0.9% YoY
Effective rate
1.30%
On assessed value
Assessed land
$273,200
Assessed improvement
$1,705,800
Land market value
$273,200
Improvement market value
$1,705,800
Total market value
$1,979,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2021
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
11,880 SF
Lot
3.69 ac (160,736 SF)
Zoning code
49 LBP - LANGLEY BUSINESS
APN
06M030A00 00000
UPID
US87-3894156
Jurisdiction
HAMPTON CITY
Zoning & alternative use
49 LBP - LANGLEY BUSINESS · Hampton, VA
Zoning 49 LBP - LANGLEY BUSINESS · permitted uses
49 LBP - LANGLEY BUSINESS · 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
$860,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$920,000
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
2021
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.69 ac
Current owner
From public records · entity-resolved
C And D Store Dev
Individual
Mailing address
6 MANHATTAN SQ STE #102, HAMPTON, VA 23666-5846
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
—
Magruder Landing Development Compan
—
Deed
related
$1,275,000 · 1st Advantage Federal Credit Union
Mar 24, 2020
—
Magruder Landing Development Compan
—
Deed
related
$2,400,000 · The Old Point National Bank Of Phoebus
May 15, 2008
$276,750
C And D Store Dev
Ind'l Dev Of City Of Hamp
Special Warranty Deed
$251,750 · Industrial Develop Author
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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