Technical
Financial
Distress signals
Property profile

4 North Mallory St Hampton, VA 23663

FOR SALE
Commercial land
Property ID
US87-0084611
0.75 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional .75-acre commercial land parcel, situated at the signalized intersection of N. Mallory Street and W. County Street in Hampton, Virginia, presents a unique investment opportunity. Zoned PH-1, this unimproved lot offers approximately 175' x 195' of buildable space and is ideally suited for retail or multi-family development. Its prime location in the vibrant Phoebus section of Hampton places it within easy reach of I-64 via a nearby on/off ramp, ensuring excellent accessibility. The property benefits from its proximity to Hampton University, downtown Hampton, and Fort Monroe, adding to its appeal. Furthermore, its location within an Urban Enterprise Zone provides potential economic advantages. The surrounding area boasts a thriving culinary scene, with popular establishments such as The Baker's Wife Bistro & Bar, 1865 Brewing Co., Mango Mangeaux, Phoebus Dive Bar, and El Diablo Loco Cantina & Tequila Bar nearby. The area is also experiencing growth, with the recent completion of the Monroe Gates Apartments and additional apartment projects planned in the vicinity. This property offers a compelling combination of location, zoning, and development potential, making it an attractive investment for discerning buyers. The asking price is $625,000. The zip code is 23663.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.75 ac (32,836 SF)
Zoning code 46 PH-1 PHOEBUS URBAN COR
APN 12G106 00 00001
UPID US87-0084611

Cap rate & NOI

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

Location

4 North Mallory St Hampton, VA 23663
Hampton metro Census 11300 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 2021
Last sale
$450,000
3 recorded transactions
2021
$450,000
2013
$99,000
2006
$320,000

Zoning & alternative use

46 PH-1 PHOEBUS URBAN COR · Hampton, VA

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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