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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Manufacturing properties
785 Norwood Cir Hampton, VA 23661-2051
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0445811
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
13,982 SF
Lot
0.94 ac (40,986 SF)
Zoning code
15 C-3 GENERAL COMMERCIAL
APN
01L053 00 00000PCA
UPID
US87-0445811
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
-
X-R-I Testing Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$806k
Blend (final)
Blend
$1.32M
Owner & transaction history
785 Norwood Circle LP · 2 yrs held
785 Norwood Circle LP
since 2024
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
15 C-3 GENERAL COMMERCIAL · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+77.9%
Retail stores
$1.4M
+34.7%
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
$1,320,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
$1,525,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,010,000
Current use
COMMERCIAL (GENERAL)
$1,800,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$1,365,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$870,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.32M (Jan 4 2024)
Last sale anchor
$1.32M
Jan 4 2024
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
$94 / 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
$9,130
Tax year 2023
Assessed value
$686,300
Assessed 2024
Previous assessed
$603,500
+13.7% YoY
Effective rate
1.33%
On assessed value
Assessed land
$100,600
Assessed improvement
$585,700
Land market value
$100,600
Improvement market value
$585,700
Total market value
$686,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Rooms
1
Total area
13,982 SF
Lot
0.94 ac (40,986 SF)
Zoning code
15 C-3 GENERAL COMMERCIAL
APN
01L053 00 00000PCA
UPID
US87-0445811
Jurisdiction
HAMPTON CITY
Zoning & alternative use
15 C-3 GENERAL COMMERCIAL · Hampton, VA
Zoning 15 C-3 GENERAL COMMERCIAL · permitted uses
15 C-3 GENERAL COMMERCIAL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$870,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
785 Norwood Circle LP
Entity
Free & Clear · 2 yrs held
Mailing address
450 LEXINGTON AVE FL, NEW YORK, NY 10163-9601
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
Jan 4, 2024
$1,320,000
785 Norwood Circle LP
5403 E Schaaf Limited LLC
Warranty Deed
—
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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