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Property profile & analytics
OFF-MARKET
Estimated value
$8,250,000
Assisted living facilities
2220 Executive Dr Hampton, VA 23666-6607
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-3298791
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
WOOD
Total area
124,675 SF
Lot
4.59 ac (200,028 SF)
Zoning code
14 C-2 LIMITED COMMERCIAL
APN
07G022 00 000000
UPID
US87-3298791
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
-
The Devonshire Senior Living Nursing Home Retirement Community
-
Ella Stewart Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.25M
Owner & transaction history
Mcap Devonshire LLC · 1 yrs held
Mcap Devonshire LLC
since 2024
Last sale
$8.3M
3 recorded transactions
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · 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
$8,250,000
ML approach
$8,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,075,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,145,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,775,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$8,050,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,020,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$8.25M
Range $7.43M – $9.08M · ±10% · vs last sale $8.25M (Aug 23 2024)
Last sale anchor
$8.25M
Aug 23 2024
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
$66 / 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
$127,111
Tax year 2023
Assessed value
$11,551,900
Assessed 2024
Previous assessed
$10,272,500
+12.5% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,450,200
Assessed improvement
$10,101,700
Land market value
$1,450,200
Improvement market value
$10,101,700
Total market value
$11,551,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Rooms
155
Total area
124,675 SF
Lot
4.59 ac (200,028 SF)
Zoning code
14 C-2 LIMITED COMMERCIAL
APN
07G022 00 000000
UPID
US87-3298791
Jurisdiction
HAMPTON CITY
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · Hampton, VA
Zoning 14 C-2 LIMITED COMMERCIAL · permitted uses
14 C-2 LIMITED COMMERCIAL · 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
WAREHOUSE, STORAGE
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$11.8M
RETAIL STORES
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
WOOD
Heating
YES
Cooling
Yes
Stories
3
Rooms
155
Lot
4.59 ac
Current owner
From public records · entity-resolved
Mcap Devonshire LLC
Entity
Free & Clear · 1 yrs held
Mailing address
915 E HIGH ST NE STE #301, CHARLOTTESVILLE, VA 22902-4818
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Aug 23, 2024
$8,250,000
Mcap Devonshire LLC
532 Title Way LLC
Special Warranty Deed
—
Apr 5, 2024
—
532 Title Way LLC
Nomagon Title Holding 1 LLC
Deed
—
Dec 20, 2017
$10,100,000
Nomagon Title Holding I LLC A Delaw
Paul K Campsen
Trustees Deed
related
—
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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