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    702 University City Blvd Blacksburg, VA 24060

    Sponsored
    For Sale
    $11,875,000

    820

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    840 and 844 University City Blvd.""""}"""

    Property Features for 702 University City Blvd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    200,376 SF

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.43139
    Latitude
    37.23359

    Nearby Comparable

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    Nearby Similar for Sale

    • $7,850,000
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      Adaptable Mixed-Use Development Opportunity

      2.56-acre parcel near Virginia Tech suitable for mixed-use redevelopment.
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      Condo near dining, shopping, and VT campus.
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      Retail, restaurant, office, daycare, and apartment units for sale.
      702 University City Blvd, Blacksburg, VA 24060
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    • $326,301
      1,896 SF

      Retail or Storefront Office Location

      Retail or storefront office space available near various retailers.
      820 University City Blvd, Blacksburg, VA 24060
      View Details
    • $1,850,000

      Blacksburg Gas Station and Service

      Gas station and service center near Virginia Tech campus.
      1107 N Main St, Blacksburg, VA 24060
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      Blacksburg Main Street Gas Station

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      Blacksburg Office HQ - Prime Location

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      Blacksburg Office Complex For Sale

      Prime Blacksburg location, redevelopment opportunity.
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    FAQs

    What type of property is this?
    Commercial real estate - 820
    Where is this commercial real estate located?
    The property is located at 702 University City Blvd Blacksburg, VA.
    What is the asking price?
    The asking price for this property is $11,875,000.
    (540) 552-6500
    Request Owner's contact information
    702 University City Blvd Blacksburg, VA 24060
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    Blacksburg, VA 24060
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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
    702 University City Blvd Blacksburg, VA 24060
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