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    Property profile & analytics

    4800 Mercury Blvd Hampton, VA 23666

    • Car washes
    • 3,599 SF
    • 1.43 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2825808
    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

    • Cool Wave Carwash / Car Wash
    • Car To Tow's Towing´s CO / Towing Equipment Provider

    Property Details for 4800 Mercury Blvd

    Year built
    1987
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.43 lot acres
    Property size
    3,599 SF
    Zone code
    14 C-2 LIMITED COMMERCIAL
    Property type
    Car washes
    APN
    03F012A00 00000PCA
    APU
    03F012A0000000PCA

    Description

    This 1.43-acre commercial land parcel presents a unique investment opportunity in Hampton, Virginia. Located at 4800 West Mercury Boulevard, the property boasts exceptional visibility due to its prime location on a main thoroughfare with approximately 235 feet of frontage. The site enjoys high traffic counts, with West Mercury Boulevard seeing 45,941 vehicles per day. Access is provided from both West Mercury Boulevard and Kinsmen Way, offering convenient ingress and egress. The property's C-2 zoning permits a wide range of commercial uses, including retail and office spaces, making it suitable for various development projects. Its proximity to the revitalized Newmarket trade area near the Newport News border and its location approximately two miles from Interstate 64 further enhance its appeal and accessibility. This strategically located parcel offers significant potential for investors seeking a high-visibility site in a thriving commercial area. The property's size and zoning flexibility provide ample opportunity for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $421,000
      Market price range: $111k - $610k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Hampton City
    State
    Virginia
    Longitude
    -76.4322
    Latitude
    37.0262
    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
    $15,902
    $820,700
    $305,400
    $1,126,100
    -
    $820,700
    $305,400
    $1,126,100

    Comparable in this City

    • Value Estimation
      $250,000
      0.25 Acres

      943 Aberdeen Rd

      CAR WASH • 0.25 Acres
      943 Aberdeen Rd, Hampton, VA 23666-4820
      View Details
    • Value Estimation
      $405,000
      3,533 SF

      1045 Mercury Blvd

      CAR WASH • 3,533 SF
      1045 Mercury Blvd, Hampton, VA 23666-3308
      View Details
    • Value Estimation
      $270,000
      3,190 SF

      1824 Todds Ln

      CAR WASH • 3,190 SF
      1824 Todds Ln, Hampton, VA 23666-3125
      View Details
    • Value Estimation
      $3,740,000
      3,465 SF

      2710 Mercury Blvd

      CAR WASH • 3,465 SF
      2710 Mercury Blvd, Hampton, VA 23666-3108
      View Details
    • Value Estimation
      $240,000
      2,398 SF

      939 Aberdeen Rd

      CAR WASH • 2,398 SF
      939 Aberdeen Rd, Hampton, VA 23666
      View Details
    • Value Estimation
      $280,000
      2,364 SF

      1411 Armistead Ave

      CAR WASH • 2,364 SF
      1411 Armistead Ave, Hampton, VA 23666-4301
      View Details

    Similar Nearby for Sale

    • $2,500,000
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      Hampton Retail Property: Prime Location

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      Freestanding Retail/Office Building on Mercury

      Freestanding retail/office building on Mercury Boulevard in Hampton, Virginia.
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      Retail Strip Center For Sale

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    • $640,000
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    Similar Nearby for Lease

    • $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
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      Retail Space in Power Plant

      Retail space available in shopping and entertainment district.
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      Retail Space in Peninsula Town

      Retail space available in high-traffic Peninsula Town Center.
      3985 Kilgore Ave, Hampton, VA 23666
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    • $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
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      Prime Hampton Retail Space

      17,008 SF Strip Center, Space Available
      2501-2525 Mercury Blvd, Hampton, VA 23666
      View Details
    • $30 SF/Yr
      4,000 SF

      Retail Space Near Interstate 64

      Retail space available in Hampton, Virginia near Interstate 64.
      1102-1120 W Mercury Blvd, Hampton, VA 23666
      View Details
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    4800 Mercury Blvd
    Hampton, VA 23666
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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.

    More about this property
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