Property profile

607 Michigan Dr Hampton, VA 23669

OFF-MARKET
High-rise multifamily apartments
Property ID
US87-2603422
14,318 SF 9.43 ac lot Built 1968
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1968
Construction WOOD
Total area 14,318 SF
Lot 9.43 ac (410,771 SF)
Zoning code 9 R-M MULTIPLE RESIDENTIA
APN 02C023A00 000000
UPID US87-2603422

Cap rate & NOI

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

Location

607 Michigan Dr Hampton, VA 23669-5712
Hampton metro Census 10502 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.76M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.52M

Owner & transaction history

since 2023
Last sale
$13.4M
3 recorded transactions
2023
$13.4M
2021
$9.3M
2018
$6.4M

Zoning & alternative use

9 R-M MULTIPLE RESIDENTIA · 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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