Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 Lucas Street NE Christiansburg, VA 24073

    View on Map
    For Sale
    $799,000

    Land - Christiansburg, VA

    Lot size:
    2.20 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    205
    Last Refresh:
    Mar 31 at 8:06 pm

    Property Features for 0 Lucas Street NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    260025
    Lot size
    2.20 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    2414.88

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ty Olinger

    Listing agent Ty Olinger

    Listing office eXp Realty 800 Corporate Drive #301, Richmond, VA

    Listing date Sep 8, 2025

    MLS# 425234 Listing URL

    Copyright © 2026 New River Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Christiansburg, VA

    This commercial development opportunity is located in Christiansburg, Virginia, and features 2.15 acres across two cleared, level lots. The property benefits from visibility from North Franklin Street and direct access to Route 460 Business. Zoned B-3 General Business, the site offers possibilities for retail, multifamily, or mixed-use development. Conceptual plans were previously drawn and approved by the town for 21 townhomes. Public utilities are available. The property is surrounded by established businesses, restaurants, and residential neighborhoods. It is located near the Christiansburg Aquatic Center and downtown, with convenient access to Blacksburg and Virginia Tech.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Christiansburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.41402
    Latitude
    37.140541

    Nearby Similar for Sale

    • $495,000

      Christiansburg Commercial Property For Sale

      Versatile commercial property near downtown Christiansburg, updated in 2024.
      401 Depot St NW, Christiansburg, VA 24073
      View Details
    • $2,000,000
      1,922 SF

      Prime Redevelopment Opportunity in Christiansburg

      Redevelopment opportunity in active commercial corridor near major thoroughfares.
      2405 MARKET Street, Christiansburg, VA 24073
      View Details
    • $699,000

      Medical Office Near High School

      Medical office building with high traffic and ample parking.
      1201 Elm Street NE, Christiansburg, VA 24073
      View Details
    • $1,100,000

      Prime Commercial Land in Christiansburg

      High-visibility 1.4+ acre commercial parcel in a strategic location.
      45 SCATTERGOOD Drive NW, Christiansburg, VA 24073
      View Details
    • $995,000

      Iconic Starlite Drive-In Theater

      Iconic drive-in theater on 4.15 acres near I-81.
      275 Starlight Drive SE, Christiansburg, VA 24073
      View Details
    • $995,000

      Iconic Starlite Drive-In Theater

      Landmark property with development potential near Interstate 81 and Route 460.
      275 S Starlight Dr SE, Christiansburg, VA 24073
      View Details
    • $59,950
      0 SF

      Residential Lot in Christiansburg, VA

      Residential building lot with public utilities near new park.
      180 KAYS Drive, Christiansburg, VA 24073
      View Details
    • $7,950,000

      Residential Land Development Opportunity

      Prime residential development land near I-81 in Christiansburg, Virginia.
      TBD Riner Road, Christiansburg, VA 24073
      View Details
    • $59,900

      Christiansburg Land Development Opportunity

      Nearly one acre of multi-family residential land for sale.
      TBD Radford Road, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      4,281 SF

      Redevelopment Opportunity in Christiansburg, VA

      4,281 SF building on 1.21 acres, B-3 zoning.
      2115 North Franklin Street, Christiansburg, VA, 24073
      View Details
    • Contact for pricing
      7,500 SF

      Retail/Flex Asset in Christiansburg, Virginia

      7,500 SF retail/flex building in a visible commercial corridor.
      77 Scattergood Dr NW, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      35,000 SF

      Adaptable Assembly Facility Near Virginia Tech

      Institutional-quality facility suitable for education, corporate, or community uses.
      135 Scattergood Dr NW, Christiansburg, VA 24073
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.15 acres of commercial land with development potential.
    Where is this commercial land located?
    The property is located at 0 Lucas Street NE Christiansburg, VA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Prime commercial development opportunity in the heart of Christiansburg.; **2.15 acres across two cleared, level lots with excellent visibility and direct access to Route 460 Business.**; Zoned B‑3 General Business, allowing for retail, multifamily, or mixed‑use development.
    (540) 449-2329
    We can help!
    Listing Contact
    Ty Olinger
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!