Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Towne Center Way Hampton, VA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with interstate visibility and connectivity to major roads.

    Property size:
    1,300 SF
    Lot size:
    14.94 Acres

    Property Features for 1 Towne Center Way

    General Information

    Size
    1,300 SF
    Lot size
    14.94 Acres

    We can help!

    Listing Contact
    Ned Brooks
    Ned Brooks
    Source: Moodyscre

    Listing Agency: Colliers | Norfolk Listing Agent: Ned Brooks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near Interstate I-64

    Hampton Towne Centre, located off Interstate I-64, is positioned across from Thomas Nelson Community College, which has 11,000 students, and across the interchange from a large office park. It is also convenient to NASA/Langley Air Force Base employees. Within a 3-mile radius, the population is over 91,000, up from approximately 87,000 in 2000, with a daytime population of over 87,000. The median age within the 3-mile radius is 35, and the median household income is $54,364. The center benefits from the draw of the AMC Theatre, attracting customers from Hampton, Newport News, and York County. Hampton Roads Center Parkway provides an east-to-west link for Peninsula residents. The property offers interstate visibility and easy access, with connectivity to major road systems. It is a dominant entertainment district for the middle peninsula. AMC 24 and Chuck E. Cheese’s have a 20-year operating history, with AMC 24 recently undergoing renovations as part of the company’s $600 million upgrades. Available space is approximately 1300 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Hampton Towne Centre, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    York
    State
    Virginia
    Longitude
    -76.4144568
    Latitude
    37.0085648

    Nearby Similar for Lease

    • $2,150 /Mo
      1,260 SF

      Renovated Commercial Building For Lease

      High-visibility corner lot with easy access and excellent exposure.
      1328 E Pembroke Ave, Hampton, VA 23669
      View Details
    • Sponsored
      Contact for pricing

      Peninsula Town Center

      Discover many ways to work your way in Peninsula Town Center
      4410 Claiborne St, Hampton, VA 23666
      View Details
    • $18 SF/Yr

      Offices at Peninsula Town Center

      Office suites for lease in mixed-use development.
      4410 E Claiborne Sq, Hampton, VA 23666
      View Details
    • Contact for pricing

      Retail Spaces at Peninsula Town

      Prime retail spaces available in high-traffic Hampton shopping center.
      2330 Mcmenamin St, Hampton, VA 23666
      View Details
    • $22 SF/Yr

      Medical Office Space Available

      Class A medical office building near Sentara CarePlex Hospital.
      4001 Coliseum Dr, Hampton, VA 23666
      View Details
    • Contact for pricing

      Retail Space Near NASA Langley

      Retail space near NASA Langley with high visibility.
      3355 Commander Shepard Blvd, Hampton, VA 23666
      View Details
    • $20 SF/Yr

      Retail Space in Langley Square

      Retail space for lease in a high-traffic shopping center.
      11-77 W Mercury Blvd, Hampton, VA 23669
      View Details
    • Contact for pricing
      11,023 SF

      Office Space with Lakefront Views

      Sublease office space with lakefront views and convenient access.
      22 Enterprise Pkwy, Hampton, VA 23666
      View Details
    • Contact for pricing

      Retail Space in Peninsula Town

      Retail space available in high-traffic Peninsula Town Center.
      3985 Kilgore Ave, Hampton, VA 23666
      View Details
    • Contact for pricing
      4,371 SF

      Restaurant Space in Historic Phoebus

      Second-generation restaurant space in a thriving culinary and cultural scene.
      33 East Mellen St, Hampton, VA 23663
      View Details
    • Contact for pricing
      1,400 SF

      Historic Phoebus Retail Space

      Prime retail space in the heart of Phoebus' commercial district.
      14 E Mellen St, Hampton, VA 23663
      View Details
    • Contact for pricing
      1,354 SF

      Downtown Retail Space For Rent

      Prime retail space in historic downtown Hampton, Virginia.
      16 W Queens Way, Hampton, VA 23669
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space with interstate visibility and connectivity to major roads.
    Where is this shopping center located?
    The property is located at 1 Towne Center Way Hampton, VA.
    What are key features of this property?
    This property features: - Over 91,000 population in a 3-mile radius and daytime population of over 87,000; - Interstate visibility & easy access; - Dominant entertainment district for the middle peninsula
    (757) 228-1829 Call to check price and availability
    Request Owner's contact information
    1 Towne Center Way Hampton, VA
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Towne Center Way
    Hampton, VA
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Towne Center Way Hampton, VA
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ned Brooks
    Ned Brooks
    Real Estate License ID: 0225113184
    (757) 228-1829 (757) 617-2222 (757) 490-3300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!