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    2876 Abingdon Heights Dr Gloucester Point, VA 23072
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    2876 Abingdon Heights Dr Gloucester Point, VA 23072

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    • Day care centers
    • 5,000 SF
    • 0.41 lot acres
    For Sale
    $499,000
    View Listing →
    Retail Space For Sale For Sale
    $499,000

    Retail Space For Sale

    Retail space available for purchase.

    2876 Abingdon Heights Dr, Gloucester Point, VA 23072
    View Listing
    Property ID
    US87-1578392
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for 2876 Abingdon Heights Dr

    Year built
    1980
    Lot size
    0.41 lot acres
    Property size
    5,000 SF
    Zone code
    SF-1
    Property type
    Day care centers
    APN
    23778
    APU
    23778

    Description

    This exceptional 0.83-acre commercial property at 2876 Abingdon Heights Drive in Gloucester Point, Virginia, presents a unique investment opportunity. Currently operating as a successful daycare center, this established business boasts seven classrooms, three enclosed playgrounds, outdoor picnic areas with tables, a fully equipped kitchen, and a dedicated nursery room. The property has a capacity for approximately 100 students, making it an ideal investment for an established childcare provider or an entrepreneur looking to enter the thriving childcare market. Built in 1970 and renovated in 1991, the building features durable brick and block construction, ensuring longevity and minimal maintenance. The property is conveniently located just off George Washington Memorial Highway in Hayes, VA, providing excellent visibility and accessibility. Zoned SF-1, the property offers flexibility for future expansion or adaptation to other permitted uses. The asking price is $499,000. This turnkey operation offers a rare chance to acquire a profitable, established business with significant growth potential in a desirable location. The property's solid construction, ample space, and convenient location combine to create a compelling investment opportunity. Detailed financial information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hayes
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.5119
    Latitude
    37.2914
    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
    2024
    $4,441
    $44,910
    $438,010
    $482,920
    -
    $44,910
    $438,010
    $482,920

    Comparable in this City

    • Value Estimation by Request
      2,418 SF

      5873 Fiddlers Grn Rd

      DAY CARE, PRE-SCHOOL • 2,418 SF
      5873 Fiddlers Grn Rd, Hayes, VA 23072-4175
      View Details
    • Value Estimation by Request
      3,750 SF

      2475 Hayes Rd

      DAY CARE, PRE-SCHOOL • 3,750 SF
      2475 Hayes Rd, Hayes, VA 23072
      View Details
    • Value Estimation by Request
      3,142 SF

      2880 George Washington Memorial Hwy

      VETERINARY, ANIMAL HOSPITAL • 3,142 SF
      2880 George Washington Memorial Hwy, Hayes, VA 23072-3431
      View Details
    • Value Estimation by Request
      2,240 SF

      9373 Guinea Rd

      CHARITABLE ORGANIZATION • 2,240 SF
      9373 Guinea Rd, Hayes, VA 23072-4445
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    • Value Estimation by Request
      6,400 SF

      Professional Dr

      CHARITABLE ORGANIZATION • 6,400 SF
      Professional Dr, Hayes, VA 23072
      View Details
    • Value Estimation
      $1,890,000
      7,966 SF

      4614 George Washington Memorial Hwy

      VETERINARY, ANIMAL HOSPITAL • 7,966 SF
      4614 George Washington Memorial Hwy, Hayes, VA 23072-2838
      View Details

    Similar Nearby for Sale

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      Waterfront lot with potential for dual waterfront access.
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    Similar Nearby for Lease

    • Contact for pricing

      Route 17 Outparcels Available

      Two outparcels for ground lease or build-to-suit on Route 17.
      4794 George Washington Memorial Hwy, Hayes, VA 23072
      View Details
    • Contact for pricing

      High Visibility Retail Shopping

      Retail spaces available in high visibility shopping center.
      2226 York Crossing Dr, Gloucester Point, VA 23072
      View Details
    View Listing
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    Gloucester Point, VA 23072
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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.

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    2876 Abingdon Heights Dr, Gloucester Point, VA, 23072
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