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

    110 Conston Ave NW Christiansburg, VA 24073

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Regional shopping center in retail corridor near universities.

    Property size:
    35,000 SF
    Lot size:
    13.88 Acres

    Property Features for 110 Conston Ave NW

    General Information

    Size
    35,000 SF
    Lot size
    13.88 Acres

    We can help!

    Listing Contact
    Julie O'Donnell
    Julie O'Donnell
    Source: Moodyscre

    Listing Agency: Big V Property Group Listing Agent: Julie O'Donnell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Regional Shopping Center Retail Space

    Spradlin Farms is a regional shopping center encompassing 181,055 square feet. It is positioned in the primary US Rte 460 retail corridor on North Franklin Street, which experiences a daily traffic volume of 21,350 vehicles. The center is anchored by Big Lots, T.J. Maxx, Barnes & Noble, Michaels, and Petco. Additionally, it benefits from the presence of a Target and Home Depot. The tenant mix includes a variety of national retailers, restaurants, and service businesses. The property is located 6 miles from Virginia Tech, which has over 31,000 students, and 11 miles from Radford, with a student population exceeding 9,000. Available space is 35,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Barnes & Noble (Bike/Boat/Book/etc) Store Spradlin Farm Shopping ... Shopping Center & Mall

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Spradlin Farm Shopping Center, Relaxation SPA, Village Square, Northgate Village, Uptown Christiansburg

    Location Insight

    • Map
    • Local Demand
    City
    Christiansburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.4232312
    Latitude
    37.159692

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Christiansburg, Virginia

      950 SF retail space for lease in Christiansburg, Virginia.
      55 Conston Ave NW, Christiansburg, VA 24073
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      Up to 44,000 SF retail space in Christiansburg, Virginia.
      145 Shoppers Way Northwest, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      1,149 SF

      Private Office Space Available

      Office suite for lease, convenient location, monument signage.
      155-159 Walters Dr, Christiansburg, VA 24073
      View Details
    • $16 SF/Yr
      4,000 SF

      Christiansburg Professional Park Office Space

      Office space available in Christiansburg Professional Park.
      90 College St, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      950 SF

      Christiansburg Retail Space For Lease

      950 SF Single-Tenant Retail Space in VA
      55 Conston Ave, Christiansburg, VA 24073
      View Details
    • $21 SF/Yr
      1,833 SF

      Historic Christiansburg Office Space

      Charming office suites in renovated house. Downtown location, all utilities included.
      300 Pepper St, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      24,000 SF

      New River Valley Retail Center

      24,000 SF Retail Space - Available Now
      135 Shoppers Way, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      181,055 SF

      Spradlin Farms Shopping Center

      Christiansburg, VA Retail Space Available
      110 Conston Ave, Christiansburg, VA 24073
      View Details
    • $72 SF/Yr
      9,200 SF

      Christiansburg Flex Space For Lease

      Office & Yard Space Available, 800-1300 sqft
      510 Church St, Christiansburg, VA 24073
      View Details
    • $21 SF/Yr
      7,441 SF

      Christiansburg Office Space Available

      Versatile office suites, flexible terms.
      930 Cambria St, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      1,050 SF

      Regional Shopping Center Space Available

      Retail space in a busy shopping center near universities.
      35-95 Conston Ave, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      4,800 SF

      Regional Shopping Center Retail Space

      Retail space in a well-located regional shopping center.
      103-195 Conston Ave, Christiansburg, VA 24073
      View Details

    FAQs

    What type of property is this?
    Shopping center - Regional shopping center in retail corridor near universities.
    Where is this shopping center located?
    The property is located at 110 Conston Ave NW Christiansburg, VA.
    What are key features of this property?
    This property features: - Anchored by Big Lots, T.J. Maxx, Barnes & Noble, Michaels, and Petco.; - Shadow-anchored by Target and Home Depot.; - Located in the heart of the dominant US Rte 460 retail corridor (21,350 VPD).
    (877) 244-8532 Call to check price and availability
    Request Owner's contact information
    110 Conston Ave NW Christiansburg, VA 24073
    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.
    110 Conston Ave NW
    Christiansburg, VA 24073
    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
    110 Conston Ave NW Christiansburg, VA 24073
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Julie O'Donnell
    Julie O'Donnell
    Real Estate License ID: 82082
    (877) 244-8532 (980) 333-5185
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!