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Property profile & analytics
OFF-MARKET
Estimated value
$47,500,000
High-rise multifamily apartments
8645 Orcutt Ave Hampton, VA 23605-1206
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2368299
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1972
Construction
WOOD
Total area
281,232 SF
Lot
17.16 ac (747,490 SF)
Zoning code
9 R-M MULTIPLE RESIDENTIA
APN
03A020 00 000010
UPID
US87-2368299
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
$47.50M
CAP Approach
CAP
$46.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.50M
Owner & transaction history
Smp Northampton Spe LLC · 1 yrs held
Smp Northampton Spe LLC
since 2024
Last sale
$47.5M
1 recorded transaction
Zoning & alternative use
9 R-M MULTIPLE RESIDENTIA · 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
$47,500,000
ML approach
$47,500,000
CAP Approach
CAP Return
Estimation
6%
$49,960,000
6.5%
$46,120,000
7%
$42,825,000
Blend value · Realmo final
$47.50M
Range $42.75M – $52.25M · ±10% · vs last sale $47.50M (Sep 17 2024)
Last sale anchor
$47.50M
Sep 17 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
$169 / 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
$580,430
Tax year 2023
Assessed value
$47,699,600
Assessed 2024
Previous assessed
$47,699,600
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$7,525,000
Assessed improvement
$40,174,600
Land market value
$7,525,000
Improvement market value
$40,174,600
Total market value
$47,699,600
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Rooms
301
Total area
281,232 SF
Lot
17.16 ac (747,490 SF)
Zoning code
9 R-M MULTIPLE RESIDENTIA
APN
03A020 00 000010
UPID
US87-2368299
Jurisdiction
HAMPTON CITY
Zoning & alternative use
9 R-M MULTIPLE RESIDENTIA · Hampton, VA
Zoning 9 R-M MULTIPLE RESIDENTIA · permitted uses
9 R-M MULTIPLE RESIDENTIA · 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.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Rooms
301
Lot
17.16 ac
Current owner
From public records · entity-resolved
Smp Northampton Spe LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 31335TH RICHMOND
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
Sep 17, 2024
$47,500,000
Smp Northampton Spe LLC
Northampton Village Associates Lc
Special 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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