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Property profile & analytics
OFF-MARKET
Estimated value
$24,575,000
Warehouses
300 Park Ln Hampton, VA 23666-5032
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2268111
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
257,514 SF
Lot
17.93 ac (780,987 SF)
Zoning code
34 HRC-3 HAMPTON ROADS CE
APN
05B006 00 00003
UPID
US87-2268111
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.52M
Comparable Approach
Comparable
$17.95M
Blend (final)
Blend
$24.58M
Owner & transaction history
Griffin Essential Asset Reit I · 11 yrs held
Griffin Essential Asset Reit I
since 2015
3 recorded transactions
Zoning & alternative use
34 HRC-3 HAMPTON ROADS CE · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$33.1M
+65.8%
Retail stores
$25.1M
+25.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$34,150,000
6.5%
$31,520,000
7%
$29,270,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,995,000
Current use
COMMERCIAL (GENERAL)
$33,145,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$25,100,000
Change: +26% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$18,630,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$24.58M
Range $22.12M – $27.03M · ±10%
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
$95 / 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
$249,360
Tax year 2023
Assessed value
$18,498,300
Assessed 2024
Previous assessed
$18,498,300
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,975,900
Assessed improvement
$16,522,400
Land market value
$1,975,900
Improvement market value
$16,522,400
Total market value
$18,498,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Rooms
1
Total area
257,514 SF
Lot
17.93 ac (780,987 SF)
Zoning code
34 HRC-3 HAMPTON ROADS CE
APN
05B006 00 00003
UPID
US87-2268111
Jurisdiction
HAMPTON CITY
Zoning & alternative use
34 HRC-3 HAMPTON ROADS CE · Hampton, VA
Zoning 34 HRC-3 HAMPTON ROADS CE · permitted uses
34 HRC-3 HAMPTON ROADS CE · 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 Current
Est. value
$20.0M
COMMERCIAL (GENERAL)
Est. value
$33.1M
RETAIL STORES
Est. value
$25.1M
INDUSTRIAL (GENERAL)
Est. value
$18.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
17.93 ac
Current owner
From public records · entity-resolved
Griffin Essential Asset Reit I
Individual
Free & Clear · 11 yrs held
Mailing address
1520 E GRAND AVE NE STE #410, EL SEGUNDO, CA 90245-4341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Jul 9, 2015
$17,115,000
Griffin Essential Asset Reit I
301 West Park Investors LLC
Special Warranty Deed
—
Dec 21, 2006
$1,315,600
West Park Two L L C
Ind'l Dev Authority
Warranty Deed
—
Jun 6, 2006
$2,180,011
301 West Park Investors L L C
Hampton Investors II L L
Special Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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