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Property profile & analytics
FOR LEASE
Retail space
14 E Mellen St Hampton, VA 23663
Entity Owned
Free & Clear
Property ID
US87-0474621
For Lease
1 / 4
Contact for pricing
14 E Mellen St, Hampton, VA 23663
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1906
Construction
WOOD
Total area
10,783 SF
Lot
0.26 ac (11,326 SF)
Zoning code
46 PH-1 PHOEBUS URBAN COR
APN
12F252 01 00004
UPID
US87-0474621
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
-
Howard Gould Law Offices PC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Root Development Va
The Root Development Va
since 2025
1 recorded transaction
Zoning & alternative use
46 PH-1 PHOEBUS URBAN COR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,642
Tax year 2023
Assessed value
$281,500
Assessed 2024
Previous assessed
$281,500
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$152,500
Assessed improvement
$129,000
Land market value
$152,500
Improvement market value
$129,000
Total market value
$281,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1906
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Rooms
1
Total area
10,783 SF
Lot
0.26 ac (11,326 SF)
Zoning code
46 PH-1 PHOEBUS URBAN COR
APN
12F252 01 00004
UPID
US87-0474621
Jurisdiction
HAMPTON CITY
Zoning & alternative use
46 PH-1 PHOEBUS URBAN COR · Hampton, VA
Zoning 46 PH-1 PHOEBUS URBAN COR · permitted uses
46 PH-1 PHOEBUS URBAN COR · 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
1906
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Rooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
The Root Development Va
Entity
Free & Clear · 0 yrs held
Mailing address
14 E MELLEN ST #18, HAMPTON, VA 23663-1710
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Aug 26, 2025
$500,000
The Root Development Va
Gallery Investment Company L L C
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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