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Property profile & analytics
OFF-MARKET
Strip malls
2845 Armistead Ave Hampton, VA 23666-1657
Individually Owned
Absentee Owner
Free & Clear
Property ID
US87-2283485
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
12,000 SF
Lot
10.78 ac (469,577 SF)
Zoning code
13 C-1 NEIGHBORHOOD COMME
APN
06C038 00 00000
UPID
US87-2283485
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
-
Anna's Italian Pizza Restaurant
-
Quality Touch Hair Salon Hair Salon Nail Salon
-
Novaplus tobacco & vape (Bike/Boat/Book/etc) Store
-
Village Alterations (Bike/Boat/Book/etc) Store
-
Keep It Real Ministry Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
CHRISTOFORO RUSSO
CHRISTOFORO RUSSO
Zoning & alternative use
13 C-1 NEIGHBORHOOD COMME · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,438
Tax year 2023
Assessed value
$1,062,200
Assessed 2024
Previous assessed
$1,062,200
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$835,400
Assessed improvement
$226,800
Land market value
$835,400
Improvement market value
$226,800
Total market value
$1,062,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Rooms
10
Total area
12,000 SF
Lot
10.78 ac (469,577 SF)
Zoning code
13 C-1 NEIGHBORHOOD COMME
APN
06C038 00 00000
UPID
US87-2283485
Jurisdiction
HAMPTON CITY
Zoning & alternative use
13 C-1 NEIGHBORHOOD COMME · Hampton, VA
Zoning 13 C-1 NEIGHBORHOOD COMME · permitted uses
13 C-1 NEIGHBORHOOD COMME · 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.
Building & site characteristics
From public records
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Rooms
10
Lot
10.78 ac
Current owner
From public records · entity-resolved
CHRISTOFORO RUSSO
Individual
Free & Clear · 0 yrs held
Mailing address
2 RIVERCREST DR, POQUOSON, VA 23662-1024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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