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    Property profile & analytics

    2901 Mercury Blvd Hampton, VA 23666-3950

    • High-rise multifamily apartments
    • 28,632 SF
    • 1.27 lot acres
    OFF-MARKET
    Value Estimation
    $1,020,000
    Last Sale
    Jul 07, 2020
    $900,000
    Location Intelligence
    Property ID
    US87-2612294
    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.

    Current Use by Public Records

    • Executive Suite Apartments / Apartment Building

    Property Details for 2901 Mercury Blvd

    Year built
    1963
    Construction
    WOOD
    Lot size
    1.27 lot acres
    Property size
    28,632 SF
    Zone code
    14 C-2 LIMITED COMMERCIAL
    Property type
    High-rise multifamily apartments
    APN
    03L001 02 00082
    APU
    03L0010200082

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $810,000
      6.5%
      $935,000
      7%
      $970,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $950,000
      Geo Method
      $800,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,020,000
      Retail
      $1,045,000
      Mixed-Use
      $895,000
      Hospitality
      $815,000
      Educational
      $775,000
      Residential Income
      $1,040,000
      Energy
      $940,000
      Income-Based Land
      $770,000
      Food Service
      $900,000

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.4145
    Latitude
    37.0337
    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
    2023
    $23,339
    $480,000
    $1,348,400
    $1,828,400
    -
    $480,000
    $1,348,400
    $1,828,400

    Comparable in this City

    • Value Estimation by Request
      17,442 SF

      1 Twin Lks Cir

      HIGH-RISE APARTMENTS • 17,442 SF
      1 Twin Lks Cir, Hampton, VA 23666-2360
      View Details
    • Value Estimation by Request
      305,776 SF

      104 Maywood Dr

      HIGH-RISE APARTMENTS • 305,776 SF
      104 Maywood Dr, Hampton, VA 23666-1972
      View Details
    • Value Estimation by Request
      19,328 SF

      900 Lakeridge Rd

      HIGH-RISE APARTMENTS • 19,328 SF
      900 Lakeridge Rd, Hampton, VA 23666-5850
      View Details
    • Value Estimation by Request
      98,256 SF

      135 Lassiter Dr

      HIGH-RISE APARTMENTS • 98,256 SF
      135 Lassiter Dr, Hampton, VA 23666-4451
      View Details
    • Value Estimation
      $17,035,000
      170,952 SF

      21 Sacramento Dr

      HIGH-RISE APARTMENTS • 170,952 SF
      21 Sacramento Dr, Hampton, VA 23666-1663
      View Details
    • Value Estimation by Request
      34,200 SF

      12 Big Bethel Rd

      HIGH-RISE APARTMENTS • 34,200 SF
      12 Big Bethel Rd, Hampton, VA 23666-4755
      View Details

    Similar Nearby for Sale

    • $400,000
      1.97 Acres

      Hampton Roads Development Land

      1.97 Acres, HRC-2 Zoning, Prime Location
      0 Exploration Way, Hampton, VA 23666
      View Details
    • $269,000

      Residential Development Land in Hampton

      3.4-acre parcel suitable for residential development in Hampton, Virginia.
      20 Hunt Club Blvd, Hampton, VA 23666
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    • $475,000
      3,599 SF

      Freestanding Retail/Office Building on Mercury

      Freestanding retail/office building on Mercury Boulevard in Hampton, Virginia.
      2703 W Mercury Blvd, Hampton, VA 23666
      View Details
    • $450,000
      3,000 SF

      Hampton Office Space For Sale

      3000 SF office space suitable for medical practice.
      2200 Executive Dr, Hampton, VA 23666
      View Details
    • $88,000
      0.40 Acres

      Hampton Land Parcel For Sale

      Land parcel in Hampton, VA, with city utilities available.
      1286 Big Bethel Rd, Hampton, VA 23666
      View Details
    • $87,400
      0.95 Acres

      Residential Lot in Northampton

      Large corner lot suitable for building a single-family home.
      43 Woods Ln, Hampton, VA 23666
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      10,435 SF

      Hampton Executive Office Suites

      Prestigious Hampton office space, flexible options
      4410 Claiborne St, Hampton, VA 23666
      View Details
    • $12 SF/Yr
      3,846 SF

      Hampton Retail Space Available

      Retail space available for lease in Hampton, Virginia.
      3301-3319 W Mercury Blvd, Hampton, VA 23666
      View Details
    • Contact for pricing
      3,450 SF

      Retail Space in Power Plant

      Retail space available in shopping and entertainment district.
      1930 Power Plant Pkwy, Hampton, VA 23666
      View Details
    • Contact for pricing

      Retail Space in Peninsula Town

      Retail space available in high-traffic Peninsula Town Center.
      3985 Kilgore Ave, Hampton, VA 23666
      View Details
    • $24 SF/Yr
      1,279 SF

      Retail Space in Hampton Center

      Retail space available in a Class A redevelopment project.
      1060-1088 W Mercury Blvd, Hampton, VA 23666
      View Details
    • $16 SF/Yr
      20,000 SF

      Executive Crossing East Retail Spaces

      Prime Hampton retail space, multiple suites available.
      2280 Executive Dr, Hampton, VA 23666
      View Details
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    2901 Mercury Blvd
    Hampton, VA 23666-3950
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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