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Property profile & analytics
OFF-MARKET
Estimated value
$20,280,000
Office Spaces
2 Eaton St Hampton, VA 23669-4054
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-2377721
Property summary
AI-generated overview
Harbour Centre, a Class A, 14-story office building located at 2 Eaton St, Hampton, VA 23669, offers 160,000 square feet of prime office space. This exceptional property boasts a desirable Downtown Hampton location, situated near Queens Way and Settlers Landing, within the Downtown (DT) - 2 zoning district. Built in 1987, the building provides multiple tenancy options, with spaces ranging from a minimum of 350 square feet to a maximum contiguous space of 15,000 square feet. Tenants enjoy convenient access to a 500-space covered parking garage, available 24/7. The Harbour Centre's strategic location offers unparalleled views of the water and the city skyline, and is within walking distance of a variety of amenities including shops, restaurants, museums, and a local brewery. Its proximity to Mill Point park, a popular venue for concerts and events, adds to its appeal. This exceptional property is part of the Virginia Peninsula submarket cluster and is an ideal location for businesses seeking a prestigious address in Hampton City County.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
203,695 SF
Lot
0.51 ac (22,216 SF)
Zoning code
29 DT-2 DOWNTOWN WATERFRO
APN
02J430 00 00000
UPID
US87-2377721
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.80M
Blend (final)
Blend
$20.28M
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$26,220,000
Current use
Blend value · Realmo final
$20.28M
Range $18.25M – $22.31M · ±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
$100 / 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
$170,616
Tax year 2023
Assessed value
$12,409,600
Assessed 2024
Previous assessed
$12,409,600
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$290,800
Assessed improvement
$12,118,800
Land market value
$290,800
Improvement market value
$12,118,800
Total market value
$12,409,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
14
Rooms
1
Total area
203,695 SF
Lot
0.51 ac (22,216 SF)
Zoning code
29 DT-2 DOWNTOWN WATERFRO
APN
02J430 00 00000
UPID
US87-2377721
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$26.2M
COMMERCIAL (GENERAL) Current
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
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
14
Rooms
1
Lot
0.51 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.
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