Technical
Financial
Distress signals
Property profile

228 Patterson Ave Hampton, VA 23669

OFF-MARKET
Manufacturing properties
Property ID
US87-3274890
21,270 SF Built 1956
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1956
Construction TYPE NOT SPECIFIED
Total area 21,270 SF
Zoning code 17 M-3 HEAVY MANUFACTURIN
APN 02D017 00 000000
UPID US87-3274890

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop Auto Parts Store
  • Auto Repair Shop
  • Auto Repair Shop
  • Auto Repair Shop

Location

228 Patterson Ave Hampton, VA 23669-3385
Hampton metro Census 10602 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.15M
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$450k

Owner & transaction history

Zoning & alternative use

17 M-3 HEAVY MANUFACTURIN · Hampton, VA
Top alternative use upside
Commercial (general) $2.7M +77.9%
Retail stores $2.1M +34.7%
Warehouse, storage $1.7M +7.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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