Technical
Financial
Distress signals
Property profile

1940 Power Plant Pkwy Hampton, VA 23666

OFF-MARKET
Turn key restaurants
Property ID
US87-2851006
6,233 SF 1.58 ac lot Built 2004
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a retail space situated within a shopping and entertainment district that serves the local community and is near military bases and universities. It is located in an area with a substantial residential population, with more than 105,000 people reported within a 5-mile radius. The surrounding retail environment includes national anchor tenants such as BJ’s, Lowe’s, and Bass Pro Shops. The available retail footprint is 6,000 square feet.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Construction WOOD
Total area 6,233 SF
Lot 1.58 ac (68,825 SF)
Zoning code 14 C-2 LIMITED COMMERCIAL
APN 03T027 00 000PCBLH2
UPID US87-2851006

Cap rate & NOI

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

Location

1940 Power Plant Pkwy Hampton, VA 23666-3156
Hampton metro Census 10502 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$605k
Blend (final) Blend
$550k

Owner & transaction history

Zoning & alternative use

14 C-2 LIMITED COMMERCIAL · Hampton, VA
Top alternative use upside
Medical building $790,000 +10.8%

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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