Back to Search
Property profile & analytics
FOR SALE
Office buildings
521 Butler Farm Rd Hampton, VA 23666
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3952871
For Sale
1 / 3
$5,630,000
521 Butler Farm Rd, Hampton, VA 23666
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
46,884 SF
Lot
4.95 ac (215,622 SF)
Zoning code
31 HRC-1 HAMPTON ROADS CE
APN
07U021 00 00000PCNN
UPID
US87-3952871
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
Current use
Occupant on record · Public records
-
Total Outsource Systems Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.63M
Owner & transaction history
Lcp Hampton Roads II LLC · 11 yrs held
Lcp Hampton Roads II LLC
since 2015
1 recorded transaction
Zoning & alternative use
31 HRC-1 HAMPTON ROADS CE · Hampton, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,960,000
Change: 0% · Conversion: Easy
RESTAURANT
$5,380,000
Change: 0% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,915,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,565,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,430,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$5.63M
Range $5.07M – $6.19M · ±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
$120 / 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
$55,680
Tax year 2023
Assessed value
$3,695,000
Assessed 2024
Previous assessed
$4,038,400
-8.5% YoY
Effective rate
1.51%
On assessed value
Assessed land
$873,300
Assessed improvement
$2,821,700
Land market value
$873,300
Improvement market value
$2,821,700
Total market value
$3,695,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Rooms
1
Total area
46,884 SF
Lot
4.95 ac (215,622 SF)
Zoning code
31 HRC-1 HAMPTON ROADS CE
APN
07U021 00 00000PCNN
UPID
US87-3952871
Jurisdiction
HAMPTON CITY
Zoning & alternative use
31 HRC-1 HAMPTON ROADS CE · Hampton, VA
Zoning 31 HRC-1 HAMPTON ROADS CE · permitted uses
31 HRC-1 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
MEDICAL BUILDING
Est. value
$6.0M
RESTAURANT
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.4M
MEDICAL BUILDING
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
COMMERCIAL (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
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Rooms
1
Lot
4.95 ac
Current owner
From public records · entity-resolved
Lcp Hampton Roads II LLC
Entity
Mailing address
6851 JERICHO TPKE STE #200, SYOSSET, NY 11791-4421
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2015
$2,167,996
Lcp Hampton Roads II LLC
Liberty Property Limited Partn
Special Warranty Deed
$82,670 · Wells Fargo Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
