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    381 University Blvd Harrisonburg, VA 22801

    For Lease
    $1.00 SF/Yr

    Land - HARRISONBURG, VA

    Days on Market:
    183
    Last Refresh:
    Dec 11 at 9:06 pm

    Property Features for 381 University Blvd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-2 General Business
    APN
    079 E 2

    Building Details

    Architectural style
    Other

    Cottonwood Commercial LLC (540) 434-9922

    Listing agent Tim Reamer (540) 434-9922 License #0225195571

    Listing date Jun 12, 2025

    MLS# 644088 Listing URL

    Copyright © 2025 Harrisonburg-Rockingham 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

    Prime Retail Pad Sites Available

    Located on University Boulevard, the University Pad Sites offer a rare opportunity within the Shenandoah Valley's top-performing retail triangle. The site is surrounded by national retailers, entertainment venues, and the market’s primary office district. Situated on heavily traveled roads, it shares roads with Harrisonburg Crossing (Walmart/Home Depot) and Valley Mall (Dick’s/Target). The Atlantic Union Bank Center is nearby. Regal Cinemas is an immediate neighbor to each of the pad locations, and over 10,000 office employees are located just across University Boulevard. Multiple points of entry from Evelyn Byrd Avenue and University Boulevard (20,000 VPD) are available, providing direct connection to Reservoir Street (20,000 VPD), E. Market St (32,000 VPD), and Interstate 81 (61,000 VPD). The immediate metro area includes 140,000 consumers, along with a student community of James Madison University (23,000 students), and the primary trade area exceeds 250,000 consumers due to Harrisonburg’s position as a regional destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Regal Harrisonburg Movie Theater

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg
    State
    Virginia
    Longitude
    -78.852693
    Latitude
    38.43049

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    FAQs

    What type of property is this?
    Commercial land - Exceptional opportunity in Shenandoah Valley's top retail location.
    Where is this commercial land located?
    The property is located at 381 University Blvd Harrisonburg, VA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Located in the Shenandoah Valley's top-performing retail triangle.; - High traffic location on University Boulevard, Reservoir Street, E. Market St, and Interstate 81.; - Surrounded by leading national retailers, entertainment venues, and the primary office district.
    (540) 434-9922
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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
    381 University Blvd Harrisonburg, VA 22801
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