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    Professional Office Space in Abingdon Title is generated by Realmo AI

    612 Campus Drive, Abingdon, VA 24210

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    For Lease
    $639,950 SF/Yr $132,789,625/Mo (calc)

    COMMERCIAL - Abingdon, VA

    Property size:
    2,490 SF
    Lot size:
    0.52 Acres
    Added:
    Aug 16, 2025
    Days on Market:
    295
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 612 Campus Drive

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    1934

    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

    Listing agent Cynthia Hornsby License #0225184556 VA and 316140 TN

    Listing office Prestige Homes of the Tri Cities, Inc. 701 Bluff City Hwy, Bristol, VA

    Listing date Aug 16, 2025

    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.

    HighLights

    • Highly desirable location in Abingdon, VA, less than 1 mile from historic Abingdon.
    • Well‑maintained, single‑level, all‑brick commercial office building with approximately 2490 sq. ft.
    • Ample paved parking with 16 spaces and 2 back entrances with no steps.
    • Functional interior layout featuring a waiting room, reception area, breakroom, 2 restrooms (one with a shower), exam rooms, administrative office with file room, and private offices.
    • Durable construction with a metal roof, aluminum guttering and downspouts, and reinforced concrete slab foundation.
    • Recent updates including a new HVAC system (7/2022) and a relatively new exterior water line.

    Overview

    This commercial office building, constructed in 2006, 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. The single-level, attached building offers approximately 2490 square feet of finished office space. The exterior features all-brick construction, a metal roof, and aluminum guttering and downspouts. The property includes a single-phase, 200 amp 220-volt electrical system and a reinforced concrete slab foundation. Two ground-mounted electric HVAC systems provide climate control; one HVAC system was newly installed in July 2022, and the exterior water line is approximately 5 years old. The interior layout 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 (battery operated) is installed. The property has two back entrances with step-free access to ample paved parking with 16 spaces. The seller is responsible for real estate taxes, building insurance, and exterior maintenance. The tenant is responsible for utilities and trash service fees.
    Property Profile 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?
    Office building - Well-maintained office space near historic Abingdon, Virginia.
    Where is this office building located?
    The property is located at 612 Campus Drive Abingdon, VA.
    What is the lease rate?
    The lease rate is $639,950.
    What are key features of this property?
    This property features: Highly desirable location in Abingdon, VA, less than 1 mile from historic Abingdon.; Well‑maintained, single‑level, all‑brick commercial office building with approximately 2490 sq. ft.; Ample paved parking with 16 spaces and 2 back entrances with no steps.
    (276) 608-8262
    We can help!
    Listing Contact
    Cynthia Hornsby
    Cynthia Hornsby
    Real Estate License ID: 0225184556 VA and 316140 TN
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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
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