Hampton Flex/Industrial/Office Property For
For Sale
Contact for pricing
2010-2046 Exploration Way, Hampton, VA 23666
Flex, industrial, and office property available in Hampton, Virginia.
Property Size32,500 SF
Price / SF$143.08
Days on Market146
Property Features for 2010-2046 Exploration Way
General Information
Standard status
Active
Size
32,500 SF
Class
A
Total Parking Spaces
98
Property subtype
Office, Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
2010
Tenancy
Multi
Listing Agency:
Harvey Lindsay Commercial Real Estate Peninsula
Listed By:
Matt Leffler CCIM · License #0225065290
Source:
Crexi
Added: May 14
Changed: Oct 5
Last Checked: Oct 5 at 5:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harvey Lindsay Commercial Real Estate Peninsula
Investment Insights
Based on property information with market context.
The property at 2010-2046 Exploration Way, Hampton, VA 23666-6150 is available for sale. It is a commercial real estate property that includes flex space, industrial properties, office units, office spaces, warehouses, and other warehouse types. The property has a size of 32500 square feet.
Key Highlights
- Built in 2010
- Located on Exploration Way
- Property address is 2010‑2046 Exploration Way
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,988
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,599,760
$4.6M
Cap Rate 7%
$3,285,543
$3.3M
Cap Rate 9%
$2,555,422
$2.6M
Market Conditions
NOI Build-Up for 32,500 SF
Gross rent
$370.5K $11.40/SF
− Vacancy
−$16.7K −$0.51/SF
EGI
$353.8K $10.89/SF
− OpEx
−$123.8K −$3.81/SF
NOI
$230.0K $7.08/SF
Area
Hampton, VA
Vacancy
4.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,599,760
Cap Rate 7%
$3,285,543
Cap Rate 9%
$2,555,422
Alternative Uses
Best Use
Flex RnD
$3.29M
$2.87M – $3.83M
NOI $229,988 @ 7.0% cap · market cap 4.95%
Second Best
Industrial
$3.04M
$2.66M – $3.55M
NOI $212,948 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$8.45M
$7.40M – $9.86M
NOI $591,630 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23666, VA
52,845
Population
25,117
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
19.4 sq mi
ZIP Area
2,724
Density / Sq Mi
$70,798
Median Household Income
$42,552
Median Earnings
$1,439
Median Rent
$241,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex, industrial, and office property available in Hampton, Virginia.
Where is this flex space located?
The property is located at 2010-2046 Exploration Way Hampton, VA.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Built in 2010; Located on Exploration Way; Property address is 2010‑2046 Exploration Way
