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Property profile & analytics
OFF-MARKET
Estimated value
$18,670,000
Warehouses
1975 Cunningham Dr Hampton, VA 23666-4260
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0080651
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
TYPE NOT SPECIFIED
Total area
134,204 SF
Lot
1.53 ac (66,647 SF)
Zoning code
15 C-3 GENERAL COMMERCIAL
APN
07E035E00 00000PC1A
UPID
US87-0080651
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.27M
Comparable Approach
Comparable
$16.31M
Blend (final)
Blend
$18.67M
Owner & transaction history
1975 Cunningham Drive LLC · 10 yrs held
1975 Cunningham Drive LLC
since 2015
2 recorded transactions
Zoning & alternative use
15 C-3 GENERAL COMMERCIAL · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.9M
+138.9%
Commercial (general)
$17.3M
+65.8%
Retail stores
$13.1M
+25.5%
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%
$21,960,000
6.5%
$20,270,000
7%
$18,820,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$24,900,000
Change: +139% · Conversion: Easy
COMMERCIAL (GENERAL)
$17,275,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$13,080,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$18.67M
Range $16.80M – $20.54M · ±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
$139 / 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
$183,524
Tax year 2023
Assessed value
$16,802,900
Assessed 2024
Previous assessed
$14,632,100
+14.8% YoY
Effective rate
1.09%
On assessed value
Assessed land
$888,500
Assessed improvement
$15,914,400
Land market value
$888,500
Improvement market value
$15,914,400
Total market value
$16,802,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
4
Rooms
975
Total area
134,204 SF
Lot
1.53 ac (66,647 SF)
Zoning code
15 C-3 GENERAL COMMERCIAL
APN
07E035E00 00000PC1A
UPID
US87-0080651
Jurisdiction
HAMPTON CITY
Zoning & alternative use
15 C-3 GENERAL COMMERCIAL · Hampton, VA
Zoning 15 C-3 GENERAL COMMERCIAL · permitted uses
15 C-3 GENERAL 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
AUTO REPAIR, GARAGE
Est. value
$24.9M
COMMERCIAL (GENERAL)
Est. value
$17.3M
RETAIL STORES
Est. value
$13.1M
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
2017
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Rooms
975
Lot
1.53 ac
Current owner
From public records · entity-resolved
1975 Cunningham Drive LLC
Entity
Free & Clear · 10 yrs held
Mailing address
2900 SABRE ST STE #75, VIRGINIA BEACH, VA 23452-7488
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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 27, 2015
$700,000
1975 Cunningham Drive LLC
Elaine Chen
Warranty Deed
—
Nov 5, 2014
$415,000
Luke Y Lu
Advisory Group Manager
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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