840 University City Blvd, Blacksburg, VA
Office suites with natural light, near Virginia Tech campus.
- Added:
- Jun 14, 2024
- Days on Market:
- 731
- Last Refresh:
- May 20 at 8:28 pm
Property Features for 840 University City Blvd
General Information
- Standard status
- Active
- Size
- 1,625 SF
- Lot size
- 1.25 Acres
- Property subtype
- OFFICE
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
- Suites can be combined for a larger footprint.
- Excellent proximity to Virginia Tech's main campus.
- Excellent proximity to Route 460.
- Great natural light throughout.
- Traditional office floor plans available.
- Open office floor plans available.
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 | $32.0k | $19.68 |
| − Vacancy | −$5.5k | −$3.38 |
| EGI | $26.5k | $16.30 |
| − OpEx | −$6.6k | −$4.07 |
| NOI | $19.9k | $12.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Blacksburg
- County
- Montgomery
- State
- Virginia
- Longitude
- -80.4322
- Latitude
- 37.2348
