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Property profile & analytics
OFF-MARKET
Estimated value
$3,055,000
Super regional malls
1210 Merchant Ln Hampton, VA 23666-2167
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2385840
Property summary
AI-generated overview
This exceptional retail space, located at 1210-1260 Merchant Lane in Hampton, Virginia, presents a unique leasing opportunity. The property is situated in Hampton County, zip code 23666, and offers a total building size of 11,912 square feet. Currently available is a single-tenant space of 1,297 square feet, previously occupied as a hair salon. This provides a ready-to-occupy space with existing infrastructure, ideal for a variety of retail businesses. The property's location in Hampton offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. The address is 1210-1260 Merchant Lane, Hampton, VA 23666. The property's geographic coordinates are latitude 37.0451085 and longitude -76.3925538. This single-tenant space is available for lease and presents a compelling opportunity for businesses seeking a well-located and established retail space in Hampton, Virginia. The property type is retail, and the former use was a hair salon. Serious inquiries are encouraged to explore this promising retail space.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
8,512 SF
Lot
0.48 ac (21,044 SF)
Zoning code
14 C-2 LIMITED COMMERCIAL
APN
07F001 00 000B5
UPID
US87-2385840
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
-
Cell Fashion Phone Repair Electronics & Wireless Store Mobile Phone Store
-
I Fix VA Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.06M
Owner & transaction history
Mosn LLC · 4 yrs held
Mosn LLC
since 2021
Last sale
$3.4M
1 recorded transaction
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,825,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.06M
Range $2.75M – $3.36M · ±10% · vs last sale $3.40M (Nov 22 2021)
Last sale anchor
$3.40M
Nov 22 2021
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
$359 / 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
$51,183
Tax year 2023
Assessed value
$3,372,000
Assessed 2024
Previous assessed
$3,372,000
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$526,000
Assessed improvement
$2,846,000
Land market value
$526,000
Improvement market value
$2,846,000
Total market value
$3,372,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
8,512 SF
Lot
0.48 ac (21,044 SF)
Zoning code
14 C-2 LIMITED COMMERCIAL
APN
07F001 00 000B5
UPID
US87-2385840
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.
Building & site characteristics
From public records
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Mosn LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4630 ODESSA DR, ALEXANDRIA, VA 22309-4520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$3,400,000
Mosn LLC
Peninsula Main Va LLC
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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