Technical
Financial
Distress signals
Property profile

402 Rip Rap Rd Hampton, VA 23669

OFF-MARKET
Warehouses
Property ID
US87-2364795
8,210 SF 0.94 ac lot Built 1949
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1949
Construction TYPE NOT SPECIFIED
Total area 8,210 SF
Lot 0.94 ac (41,155 SF)
Zoning code 17 M-3 HEAVY MANUFACTURIN
APN 08B005 00 00000PC1
UPID US87-2364795

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Rental Equipment Company

Location

402 Rip Rap Rd Hampton, VA 23669
Hampton metro Census 10602 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.93M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.98M

Owner & transaction history

since 2023
Last sale
$2.3M
3 recorded transactions
2023
Price N/A
2023
$2.3M
2017
$379,900

Zoning & alternative use

17 M-3 HEAVY MANUFACTURIN · Hampton, VA
Top alternative use upside
Auto repair, garage $1.5M +138.9%

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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