Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2017 Cunningham Dr Hampton, VA 23666-3301

    • Commercial land
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2281484
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Legal Service of Eastern Va / Attorney
    • hrcpi / Mental Health Clinic
    • Janice Lebron, LPC / Counselor
    • Hampton Roads Center For Positive / Counselor
    • Family Maintenance Counseling / Mental Health Service

    Property Details for 2017 Cunningham Dr

    Lot size
    0.84 lot acres
    Zone code
    14 C-2 LIMITED COMMERCIAL
    Property type
    Commercial land
    APN
    07H034 00 00000PC5B
    APU
    07H0340000000PC5B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.3829
    Latitude
    37.0459
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,449
    $355,200
    $25,100
    $380,300
    -
    $355,200
    $25,100
    $380,300

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      31 Research Dr

      VACANT COMMERCIAL LAND • 0.50 Acres
      31 Research Dr, Hampton, VA 23666-1324
      View Details
    • Value Estimation by Request
      0.10 Acres

      22 Tarrant Rd

      VACANT COMMERCIAL LAND • 0.10 Acres
      22 Tarrant Rd, Hampton, VA 23666-1527
      View Details
    • Value Estimation by Request
      0.17 Acres

      10 Tarrant Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      10 Tarrant Rd, Hampton, VA 23666-1527
      View Details
    • Value Estimation by Request
      1.26 Acres

      Tidewater Dr

      VACANT COMMERCIAL LAND • 1.26 Acres
      Tidewater Dr, Hampton, VA 23666
      View Details
    • Value Estimation by Request
      1.00 Acre

      39 Wythe Crk Rdc

      VACANT COMMERCIAL LAND • 1.00 Acre
      39 Wythe Crk Rdc, Hampton, VA 23666-1332
      View Details
    • Value Estimation by Request
      1.00 Acre

      39 Wythe Crk Rdd

      VACANT COMMERCIAL LAND • 1.00 Acre
      39 Wythe Crk Rdd, Hampton, VA 23666-1332
      View Details

    Similar Nearby for Sale

    • $550,000

      Cleared Land in Urban Zone

      Flat, cleared land suitable for various commercial uses.
      2201 Todds Ln, Hampton, VA 23666
      View Details
    • Contact for pricing

      Prime Retail Outparcel on Mercury

      0.92 acre outparcel on Hampton's primary retail corridor.
      1123 W Mercury Blvd, Hampton, VA 23666
      View Details
    • $3,100,000
      17.80 Acres

      Hampton Development Opportunity: 17.8 Acres

      17.8 acres with commercial building and residence in Hampton, VA.
      1033 Big Bethel Rd, Hampton, VA 23666
      View Details
    • $640,000
      1 SF

      Prime Commercial Land in Hampton

      Thriving commercial district location near Peninsula Town Center and Hampton Roads.
      2601 Cunningham Dr, Hampton, VA 23666
      View Details
    • Contact for pricing

      Hampton Commercial Land - 1.43 Acres

      High-visibility lot, ideal for commercial development.
      4800 Mercury Blvd, Hampton, VA 23666
      View Details
    • $45,000

      Treelined Residential Lot For Sale

      Residential lot with mature trees, suitable for building a house.
      23 Big Bethel Rd, Hampton, VA 23666
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land in Peninsula Town Center

      Land for rent in a super-regional, open-air center.
      Kilgore Ave, Hampton, VA 23666
      View Details
    • $16 SF/Yr
      17,008 SF

      Prime Hampton Retail Space

      17,008 SF Strip Center, Space Available
      2501-2525 Mercury Blvd, Hampton, VA 23666
      View Details
    • $9 SF/Yr
      32,500 SF

      King Commerce Center Warehouse Space

      Hampton, VA Industrial Warehouse for Lease
      2010 Exploration Way, Hampton, VA 23666
      View Details
    • $22 SF/Yr
      70,774 SF

      Hampton Medical Office Space For Lease

      Class A, 8,038 SF Medical Office Suite Available
      4001 Coliseum Dr, Hampton, VA 23666
      View Details
    • $18 SF/Yr
      98,259 SF

      Hampton Office Space for Lease

      Modern suites, prime Hampton location.
      4410 Claiborne Sq, Hampton, VA 23666
      View Details
    • Contact for pricing
      50,000 SF

      Retail Space in Coliseum Central

      Retail space available in Coliseum Central master plan.
      103 Market Place Dr, Hampton, VA 23666
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2017 Cunningham Dr
    Hampton, VA 23666-3301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.