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    Exploration Way Hampton, VA 23666

    For Sale
    $400,000

    1.97 Acres, HRC-2 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.97-acre commercial development parcel is situated in the highly desirable Hampton Roads Center North Campus, a 470-acre master-planned business park in Hampton, Virginia. Zoned HRC-2, this property presents a unique opportunity for developers seeking to construct a build-to-suit project for government agencies, contractors, or medical offices. Its strategic location offers unparalleled access to major transportation arteries, including Interstate-64, and is just 1.5 miles from Langley Air Force Base and NASA Langley Research Center. The area boasts a strong employment base, with nearby employers including FedEx, the National Institute of Aerospace, and Thomas Nelson Community College. High traffic counts are observed on nearby Neil Armstrong Parkway (27,100 VPD) and Commander Shepard Boulevard (6,900 VPD), ensuring high visibility for any development. The property is part of the HRCN Quad Condominium and contributes $607.28 annually to the HRCN II Owners Association. The asking price for this exceptional development opportunity is $400,000. The property's address is Exploration Way, Hampton, VA 23666.

    Property Features for 0 Exploration Way

    General Information

    Property type
    Land
    Lot Size
    85,813 SF

    HighLights

    • 1.5 miles from Langley Air Force Base and NASA Langley Research Center.
    • Within 2 miles of I‑64 and Langley Speedway.
    • Nearby major employers include FedEx, National Institute of Aerospace, and Thomas Nelson Community College.
    • 27,100 VPD on Neil Armstrong Parkway.
    • 6,900 VPD on Commander Shepard Boulevard.
    • Annual HOA dues: $607.28 to HRCN II Owners Association.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hampton
    County
    smnkijhvd
    State
    Virginia
    Longitude
    -76.4014288
    Latitude
    37.0828343

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    FAQs

    What type of property is this?
    Land - 1.97 Acres, HRC-2 Zoning, Prime Location
    Where is this land located?
    The property is located at Exploration Way Hampton, VA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 1.5 miles from Langley Air Force Base and NASA Langley Research Center.; Within 2 miles of I-64 and Langley Speedway.; Nearby major employers include FedEx, National Institute of Aerospace, and Thomas Nelson Community College.
    (757) 333-4382
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    Exploration Way Hampton, VA 23666
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    Realmo Value Estimation

    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.

    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.

    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
    Exploration Way Hampton, VA 23666
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