Back to Search
Property profile & analytics
FOR LEASE
Shopping centers
1072 W Mercury Blvd Hampton, VA 23666
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2967512
For Lease
1 / 3
$35 SF/Yr
1072 W Mercury Blvd, Hampton, VA 23666
View Listing →
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1962
Construction
TYPE NOT SPECIFIED
Total area
35,856 SF
Lot
20.25 ac (882,177 SF)
Zoning code
14 C-2 LIMITED COMMERCIAL
APN
07H020 00 00000KBR1
UPID
US87-2967512
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
-
At Home Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$3.85M
Owner & transaction history
Kb Riverdale LLC A Virginia Limited · 10 yrs held
Kb Riverdale LLC A Virginia Limited
since 2016
2 recorded transactions
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.6M
+125.7%
Restaurant
$4.1M
+103.7%
Warehouse, storage
$3.8M
+86.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,555,000
Change: +126% · Conversion: Difficult
RESTAURANT
$4,115,000
Change: +104% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,760,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,495,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,385,000
Change: +68% · Conversion: Easy
RETAIL STORES
$2,315,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±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
$107 / 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
$363,433
Tax year 2023
Assessed value
$27,765,000
Assessed 2024
Previous assessed
$24,296,000
+14.3% YoY
Effective rate
1.31%
On assessed value
Assessed land
$10,585,800
Assessed improvement
$17,179,200
Land market value
$10,585,800
Improvement market value
$17,179,200
Total market value
$27,765,000
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
For Lease
Year built
1962
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
6
Stories
1
Rooms
14
Total area
35,856 SF
Lot
20.25 ac (882,177 SF)
Zoning code
14 C-2 LIMITED COMMERCIAL
APN
07H020 00 00000KBR1
UPID
US87-2967512
Jurisdiction
HAMPTON CITY
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · Hampton, VA
Zoning 14 C-2 LIMITED COMMERCIAL · permitted uses
14 C-2 LIMITED COMMERCIAL · 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
MEDICAL BUILDING
Est. value
$4.6M
RESTAURANT
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1962
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Rooms
14
Lot
20.25 ac
Current owner
From public records · entity-resolved
Kb Riverdale LLC A Virginia Limited
Entity
Mailing address
2743 PERIMETER PKWY BLDG #100, AUGUSTA, GA 30909-6429
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jul 11, 2019
—
Kb Riverdale LLC
—
Deed
related
$33,860,000 · Branch Banking & Trust Company
Feb 3, 2016
$15,713,000
Kb Riverdale LLC A Virginia Limited
Riverdale Plaza Shopping Center LLC
Special Warranty Deed
$26,000,000 · Private
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
