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Property profile & analytics
OFF-MARKET
Land

0 Exploration Way Hampton, VA 23666

1.97 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 1.97 ac (85,813 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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