0 Exploration Way Hampton, VA 23666
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.
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.