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    612 Campus Dr Abingdon, VA 24210

    View on Map
    Sponsored
    For Lease
    $689,900

    COMMERCIAL - Abingdon, VA

    Property size:
    2,490 SF
    Lot size:
    0.52 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 7 at 1:06 am

    Property Features for 612 Campus Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OI
    APN
    104 11 5
    Parking
    16
    Size
    2,490 SF
    Lot size
    0.52 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    2006
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Cynthia Hornsby
    Cynthia Hornsby

    Prestige Homes of the Tri Cities, Inc (423) 217-0346

    Listing agent Cynthia Hornsby (276) 451-3060 License #0225184556 VA and 316140 TN

    Listing date Feb 28, 2026

    MLS# 9984602

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Abingdon Medical Office Building

    This well-maintained commercial office building is located at The Campus in Abingdon, Virginia, less than 1 mile from historic Abingdon, with convenient access to Russell Road, I-81, and Porterfield Highway. Constructed in 2006, this single-level, attached building features a brick exterior, a metal roof, and aluminum guttering and downspouts. It includes a reinforced concrete slab foundation, a single-phase, 200 amp 220-volt electrical system, and two ground-mounted electric HVAC systems, one of which was newly installed in July 2022. The interior, totaling approximately 2490 finished square feet, comprises a waiting room, reception area, breakroom, two restrooms (one with a shower), exam rooms, an administrative office with a file room, and private offices. Emergency back-up lighting is installed. The property has two back entrances with step-free access to ample paved parking with 16 spaces. The property is situated on a 0.52-acre lot. A new exterior waterline was installed approximately 5 years ago. The seller covers real estate taxes, building insurance, and exterior maintenance. The tenant is responsible for utilities and CAM fees. This property is intended for use as a medical office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Next Level Hearing ... Hearing Aid Store Mary P. Hinchey, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Abingdon
    County
    Washington
    State
    Virginia
    Longitude
    -81.993158
    Latitude
    36.710277

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    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained medical office space for lease in Abingdon, VA.
    Where is this medical office space located?
    The property is located at 612 Campus Dr Abingdon, VA.
    What is the lease rate?
    The lease rate is $689,900.
    What are key features of this property?
    This property features: - Highly desirable location in The Campus, Abingdon, VA, less than 1 mile from historic Abingdon.; - Well-maintained, single-level, all-brick building constructed in 2006 with approximately 2490 sq. ft. of finished office space.; - Functional interior layout featuring a waiting room, reception area, breakroom, 2 restrooms, exam rooms, administrative office and private offices.
    (276) 608-8262
    Request Owner's contact information
    612 Campus Dr Abingdon, VA 24210
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    Abingdon, VA 24210
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    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
    612 Campus Dr Abingdon, VA 24210
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    We can help!
    Listing Contact
    Cynthia Hornsby
    Cynthia Hornsby
    Real Estate License ID: 0225184556 VA and 316140 TN
    (276) 608-8262 (423) 217-0346 (276) 451-3060
    Learn more
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