Property profile

1601 Pennwood Dr Hampton, VA 23666

OFF-MARKET
High-rise multifamily apartments
Property ID
US87-2283618
4,600 SF 9.43 ac lot Built 1964
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1964
Construction WOOD
Total area 4,600 SF
Lot 9.43 ac (410,684 SF)
Zoning code 9 R-M MULTIPLE RESIDENTIA
APN 03E017A00 00002A
UPID US87-2283618

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Real Estate Agency

Location

1601 Pennwood Dr Hampton, VA 23666-3047
Hampton metro Census 10310 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$28.72M

Owner & transaction history

since 2022
Last sale
$26.5M
4 recorded transactions
2023
Price N/A
2022
$26.5M
2022
Price N/A
2019
$17.2M

Zoning & alternative use

9 R-M MULTIPLE RESIDENTIA · Hampton, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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