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    2102 Aluminum Ave Hampton, VA 23661
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    Property profile & analytics

    2102 Aluminum Ave, Hampton, VA 23661

    View on Map
    • Warehouses
    • 12,120 SF
    • 1.18 lot acres
    Off-Market
    Last Sale Mar 22, 2022
    $2,475,000
    Property ID
    US87-2566086
    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.
    Value Estimations
    $2,510,000
    Show details
    Cap Rate Potential
    3.6%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Bear Towing´s CO / Auto Parts Store

    Property Details for 2102 Aluminum Ave

    Year built
    2004
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.18 lot acres
    Zone code
    17 M-3 HEAVY MANUFACTURIN
    Property type
    Warehouses
    APN
    01A028 00 00000PCB
    APU
    01A0280000000PCB

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 22, 2022 $2,475,000 Aluminum Va LLC Acp Mida G Hampton LLC Special Warranty Deed $1.7M · Credit Union 1
    Aug 16, 2021 $1,700,000 Acp Mida G Hampton LLC Supersonic LLC Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,680,000
      ML approach
      $2,405,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,250,000
      COMMERCIAL (GENERAL)
      $1,560,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.4076
    Latitude
    37.0063
    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
    $18,211
    $225,900
    $1,231,900
    $1,457,800
    -
    $225,900
    $1,231,900
    $1,457,800

    Comparable in this City

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      MINI-WAREHOUSE, STORAGE
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    • Value Estimation
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      2101 Aluminum Ave

      WAREHOUSE, STORAGE
      2101 Aluminum Ave, Hampton, VA 23661-1224
      View Details
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      17,850 SF

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      View Details
    • Value Estimation
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      12,000 SF

      415 Rotary St

      WAREHOUSE, STORAGE
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      View Details
    • $575,000
      5,100 SF

      Two-Story Live-Work Commercial Building

      Mixed-use setup offers office and warehouse space with two upstairs two-bedroom apartments and strong parking.
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    • $575,000
      0.34 Acres

      Commercial Building with Residential Income

      Two-story commercial building with apartments and warehouse near I-664.
      2538 W Pembroke Ave, Hampton, VA 23661
      View Details
    • New
      $255,000
      2,600 SF

      Hampton Duplex: House Hack Opportunity

      Charming Hampton duplex near downtown, Langley AFB, and waterfront.
      504 Highland Ave, Hampton, VA 23661
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    • $535,000
      0.63 Acres

      Waterfront Lot with River Views

      Stunning waterfront lot with deep water access to Chesapeake Bay.
      1508 Chesapeake Ave, Hampton, VA 23661
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      Waterfront Lot with River Views

      Stunning waterfront lot with deep water access to Chesapeake Bay.
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    Similar Nearby for Lease

    • Contact for pricing

      Hampton Industrial Outdoor Storage Facility

      4.95-acre industrial site with 8,550 SF building for lease.
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    • Contact for pricing
      20,000 SF

      Hampton Warehouse Space Available

      20,000 sq ft warehouse space for rent.
      2100 Aluminum Ave, Hampton, VA 23661
      View Details
    • Contact for pricing
      1,800 SF

      Hampton Flex/Industrial Space Available

      Flex/Industrial space for rent in Hampton, Virginia.
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      14,000 SF

      Hampton Industrial Space Available

      14,000 square foot industrial space for lease.
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      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 5,103 square feet.
      408 Aberdeen Rd, Hampton, VA 23661
      View Details
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    Hampton, VA 23661
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    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
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