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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Manufacturing properties
2200 Mingee Dr Hampton, VA 23661-1033
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3000216
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Total area
10,500 SF
Lot
1.16 ac (50,617 SF)
Zoning code
17 M-3 HEAVY MANUFACTURIN
APN
01D020 09 L 0060
UPID
US87-3000216
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$775k
Owner & transaction history
2200 Mingee Drive LLC · 7 yrs held
2200 Mingee Drive LLC
since 2018
3 recorded transactions
Zoning & alternative use
17 M-3 HEAVY MANUFACTURIN · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+34.7%
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%
$1,145,000
6.5%
$1,060,000
7%
$985,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$760,000
Current use
RETAIL STORES
$1,025,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$655,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$74 / 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
$13,749
Tax year 2023
Assessed value
$987,500
Assessed 2024
Previous assessed
$965,000
+2.3% YoY
Effective rate
1.39%
On assessed value
Assessed land
$223,400
Assessed improvement
$764,100
Land market value
$223,400
Improvement market value
$764,100
Total market value
$987,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Rooms
1
Total area
10,500 SF
Lot
1.16 ac (50,617 SF)
Zoning code
17 M-3 HEAVY MANUFACTURIN
APN
01D020 09 L 0060
UPID
US87-3000216
Jurisdiction
HAMPTON CITY
Zoning & alternative use
17 M-3 HEAVY MANUFACTURIN · Hampton, VA
Zoning 17 M-3 HEAVY MANUFACTURIN · permitted uses
17 M-3 HEAVY MANUFACTURIN · 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
INDUSTRIAL (GENERAL) Current
Est. value
$760,000
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$655,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1981
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
2200 Mingee Drive LLC
Entity
Mailing address
11864 FISHING PT DR, NEWPORT NEWS, VA 23606-2522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
—
2200 Mingee Drive LLC
—
Deed
related
$1,000,000 · Bayport Credit Union
Aug 24, 2018
$875,000
2200 Mingee Drive LLC
Savant Deux LLC
Warranty Deed
$743,750 · The Old Point National Bank Of Phoe
Feb 11, 2015
$600,000
Savant Deux LLC
Valla G Riggs
Warranty Deed
$480,000 · Townebank
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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