820 University City Blvd, Blacksburg, VA
Retail or storefront office space available near various retailers.
- Added:
- Jun 14, 2024
- Days on Market:
- 731
- Last Refresh:
- May 20 at 8:29 pm
Property Features for 820 University City Blvd
General Information
- Standard status
- Active
- Size
- 1,896 SF
- Lot size
- 2.30 Acres
- Property subtype
- OFFICE
Properties For Sale
at 820 University City Blvd Contact us
Listing agent Kent Roberts License #0225214051 (540) 309-3310
Listing office Cushman & Wakefield | Thalhimer - Roanoke (540) 309-3310
Listing date Jun 14, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Thalhimer - Roanoke
HighLights
- High‑traffic retail location next to Edward Jones.
- Surrounded by established retailers like Starbucks, Kroger Gas, and Panera Bread.
- Close proximity to national chains such as CVS Pharmacy and Chipotle.
- Located near Zeppoli's.
- Immediate area includes a variety of food options (Subway, Firehouse Subs, Panda Express, Mezeh, Tropical Smoothie).
- Dollar General nearby.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $19.68 |
| − Vacancy | −$6.4k | −$3.38 |
| EGI | $30.9k | $16.30 |
| − OpEx | −$7.7k | −$4.07 |
| NOI | $23.2k | $12.22 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Kroger Floral — 801 Cascade Ct, Blacksburg, VA 24060
Location Insight
- Map
- Local Demand
- City
- Blacksburg
- County
- Montgomery
- State
- Virginia
- Longitude
- -80.432
- Latitude
- 37.2346
