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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Shopping centers
5201 Mercury Blvd Newport News, VA 23605-2700
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2378002
Property summary
AI-generated overview
This prime retail opportunity is located at 5200 Mercury Blvd in Hampton, Virginia, within the Newmarket Shopping Center in Newport News County. The property is classified as Commercial, Junior Anchor, offering multiple tenancy options. The total building size encompasses 350,000 square feet. Currently, there are several available spaces ranging in size from a minimum of 1,028 square feet to a maximum of 32,675 square feet. This presents a unique chance for businesses seeking various sizes of retail space to establish or expand their operations. The property's location in a high-traffic area ensures significant visibility and accessibility for customers. The asking price is below market value, making this an attractive investment opportunity. The property's address is 5201 Mercury Blvd, Hampton, VA 23605. The property is situated at latitude 37.018727 and longitude -76.446636. This retail center offers a strong potential for growth and profitability due to its size, location, and competitive pricing. Interested parties should inquire about available space and lease terms. The property type is retail.
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1956
Construction
TYPE NOT SPECIFIED
Total area
36,198 SF
Lot
16.48 ac (717,869 SF)
Zoning code
14 C-2 LIMITED COMMERCIAL
APN
03H001 00 00001B
UPID
US87-2378002
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
New Market Asociates LLC · 2 yrs held
New Market Asociates LLC
since 2024
1 recorded transaction
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · Newport News, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Newport News submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport News 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,815,000
Current use
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$32 / 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
$119,148
Tax year 2023
Assessed value
$6,575,500
Assessed 2024
Previous assessed
$6,575,500
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$4,348,000
Assessed improvement
$2,227,500
Land market value
$4,348,000
Improvement market value
$2,227,500
Total market value
$6,575,500
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
1956
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
5
Stories
1
Rooms
9
Bathrooms
2
Total area
36,198 SF
Lot
16.48 ac (717,869 SF)
Zoning code
14 C-2 LIMITED COMMERCIAL
APN
03H001 00 00001B
UPID
US87-2378002
Jurisdiction
HAMPTON CITY
Zoning & alternative use
14 C-2 LIMITED COMMERCIAL · Newport News, VA
Zoning 14 C-2 LIMITED COMMERCIAL · permitted uses
14 C-2 LIMITED COMMERCIAL · Newport News, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport News. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1956
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Rooms
9
Bathrooms
2
Lot
16.48 ac
Current owner
From public records · entity-resolved
New Market Asociates LLC
Entity
Mailing address
11155 RED RUN BLVD STE #310, OWINGS MILLS, MD 21117-9502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
New Market Asociates LLC
—
Deed
related
$9,100,000 · Bellco Credit Union
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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