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    702 University City Blvd Blacksburg, VA 24060

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    For Sale
    $2,925,700

    Retail, restaurant, office, daycare, and apartment units for sale.

    Property size:
    17,000 SF
    Lot size:
    1.09 Acres

    Property Features for 702 University City Blvd

    General Information

    Size
    17,000 SF
    Lot size
    1.09 Acres

    Source: Cushman & Wakefield | Thalhimer - Roanoke Agent Price Gutshall

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

    Overview

    Mixed-Use Property with Income Potential

    This property features a two-story building with retail and restaurant space, along with 20 fully rented apartment units on the second floor. A daycare facility is currently operating on the premises. Additionally, the property includes three two-story office buildings. Existing income statements and rent rolls are available upon request. The property offers a diverse mix of commercial and residential spaces.
    Insight Report Location Intelligence

    Current Use by Public Records

    Day care centers

    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.

    Similar Places Nearby

    University Mall Shopping Center, University Crossroads, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.4314495
    Latitude
    37.2335675

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    FAQs

    What type of property is this?
    Shopping center - Retail, restaurant, office, daycare, and apartment units for sale.
    Where is this shopping center located?
    The property is located at 702 University City Blvd Blacksburg, VA.
    What is the asking price?
    The asking price for this property is $2,925,700.
    What are key features of this property?
    This property features: - Mixed-use property with retail, restaurant, office, daycare, and residential spaces.; - **Fully rented 20 apartment units on the second floor providing immediate rental income.**; - Existing daycare facility provides a stable tenant and income stream.
    (540) 797-5435
    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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