Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Space Available For Lease Title is generated by Realmo AI

    2010 Exploration Way, Hampton, VA 23666

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial space available for lease at 2010 Exploration Way.

    Type:Industrial
    Added:
    Jul 15, 2020
    Days on Market:
    2149
    Last Refresh:
    May 20 at 8:15 pm

    Property Features for 2010 Exploration Way

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 2010 Exploration Way Contact us

    We can help!

    Listing Contact
    Matt Leffler CCIM

    Listing agent Matt Leffler CCIM License #0225065290

    Listing office Harvey Lindsay Commercial Real Estate Peninsula

    Listing date Jul 15, 2020

    Source Crexi

    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

    HighLights

    • For Lease

    Overview

    Commercial space is available for lease at 2010 Exploration Way in Hampton, Virginia. The property is categorized as a specialty property and other specialty property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hakson Storage Units Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    York
    State
    Virginia
    Longitude
    -76.4025682
    Latitude
    37.0834633

    Nearby Similar for Lease

    • $22 SF/Yr
      70,774 SF

      Medical Office Space Available

      Class A medical office building near Sentara CarePlex Hospital.
      4001 Coliseum Drive, Hampton, VA 23666
      View Details
    • $18 SF/Yr
      30,000 SF

      Offices at Peninsula Town Center

      Office suites for lease in mixed-use development.
      4410 E. Claiborne Square, Hampton, VA 23666
      View Details
    • Sponsored
      $129-$4,254/Mo
      11-1,292 SF

      Peninsula Town Center

      4410 Claiborne St, Unit 334, Hampton, VA 23666
      View Details
    • Contact for pricing
      2,737 SF

      Retail Spaces at Peninsula Town

      Prime retail spaces available in high-traffic Hampton shopping center.
      1631 Merchant Ln, Hampton, VA 23666
      View Details
    • $11 SF/Yr
      5,350 SF

      Office Space Near Peninsula Town

      Office space for lease with convenient access to amenities.
      2101 Executive Drive, Hampton, VA, 23666
      View Details
    • $25 SF/Yr
      1,279 SF

      Retail Space in Hampton Center

      Retail space available in a Class A redevelopment project.
      1060-1088 W Mercury Blvd, Hampton, VA
      View Details
    • $35 SF/Yr
      6,000 SF

      Retail Space Near Interstate 64

      Retail space available in Hampton, Virginia near Interstate 64.
      1072 W Mercury Blvd, Hampton, VA
      View Details
    • $15 SF/Yr
      7,046 SF

      Retail Space in Peninsula Town

      Retail space available in Hampton's Peninsula Town Center.
      2301-4410 E Claiborne Sq, Hampton, VA
      View Details
    • Contact for pricing

      Retail Space Near NASA Langley

      Retail space near NASA Langley with high visibility.
      3355 Commander Shepard Boulevard, Hampton, VA 23666
      View Details
    • Contact for pricing
      11,217 SF

      Former Drug Store on Corner

      Former Rite Aid on a corner with high traffic.
      4813 W Mercury Blvd | Hampton, VA 23666
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Medical office space available within Sentara CarePlex Hospital.
      3000 Coliseum Drive | 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

    FAQs

    What type of property is this?
    Specialty property - Commercial space available for lease at 2010 Exploration Way.
    Where is this specialty property located?
    The property is located at 2010 Exploration Way Hampton, VA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Leffler CCIM
    Real Estate License ID: 0225065290
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2010 Exploration Way, Hampton, VA 23666
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!