0 Floyd Thompson Blvd At Exploration Way Hampton, VA 23666
This exceptional 8.2-acre commercial land parcel presents a unique investment opportunity in Hampton, Virginia. Located at the intersection of Floyd Thompson Boulevard and Exploration Way within the Hampton Roads Center North Campus, a 470-acre master-planned business park, this property is zoned HRC-2. Its strategic location offers unparalleled access to major transportation arteries, including Interstate-64 and proximity to Langley Air Force Base and NASA Langley Research Center (within 1.5 miles). The site benefits from high visibility and significant daily traffic volume, with 27,100 vehicles per day on Neil Armstrong Parkway and 6,900 vehicles per day on Commander Shepard Boulevard. This makes it ideally suited for development catering to government agencies, government contractors, defense contractors, or medical office clients. The property's location also places it near significant employers such as FedEx, the National Institute of Aerospace, and Thomas Nelson Community College. The asking price is $1,300,000. Annual contributions to the HRCN II Owners Association are $2,527.26. This is a rare chance to acquire a substantial land holding in a thriving, high-demand area. Don't miss this opportunity to capitalize on the significant potential of this prime development site.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.