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Property profile & analytics
FOR LEASE
Parking lots & garages
2 Eaton St, Hampton, VA 23669
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-2307055
For Lease
1 / 2
$1,035,000
2 Eaton St, Hampton, VA 23669
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
192,908 SF
Lot
0.69 ac (30,056 SF)
Zoning code
29 DT-2 DOWNTOWN WATERFRO
APN
02J430 00 00000PARK
UPID
US87-2307055
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
-
Weboffice Inc Business Management Consultant
-
Terry N Grinnalds Law Firm
-
Richard G Poinsett Law Office Law Firm Financial Advisor
-
Brown Eleanor W Law Firm
-
The Tyson Legal Team, PLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
ARMADA/HOFFLERHPT CENTRE ASSOC
ARMADA/HOFFLERHPT CENTRE ASSOC
Zoning & alternative use
29 DT-2 DOWNTOWN WATERFRO · 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
by Request
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$5 / 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
$31,113
Tax year 2023
Assessed value
$2,225,100
Assessed 2024
Previous assessed
$2,225,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$330,700
Assessed improvement
$1,894,400
Land market value
$330,700
Improvement market value
$1,894,400
Total market value
$2,225,100
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
For Lease
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
5
Rooms
1
Total area
192,908 SF
Lot
0.69 ac (30,056 SF)
Zoning code
29 DT-2 DOWNTOWN WATERFRO
APN
02J430 00 00000PARK
UPID
US87-2307055
Jurisdiction
HAMPTON CITY
Zoning & alternative use
29 DT-2 DOWNTOWN WATERFRO · Hampton, VA
Zoning 29 DT-2 DOWNTOWN WATERFRO · permitted uses
29 DT-2 DOWNTOWN WATERFRO · 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
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
5
Rooms
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
ARMADA/HOFFLERHPT CENTRE ASSOC
Individual
Free & Clear · 0 yrs held
Mailing address
11824 FISHING PT DR, NEWPORT NEWS, VA 23606-2679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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