Elevator-Served Second-Floor
For Sale
Contact for pricing
125 SCATTERGOOD DR NW, Christiansburg, VA 24073
Professionally maintained, elevator-served second-floor office space with ample parking and regional access in Christiansburg.
Property Size17,000 SF
Price / SF$294.12
Days on Market86
Property Features for 125 SCATTERGOOD DR NW
General Information
Standard status
Active
Size
17,000 SF
Class
A
Property subtype
Office, Mixed Use, Special Purpose
Zoning
B3
Occupancy
50%
Lease Type
NNN
Additional Details
Highway Access
Yes
Amenities
elevator
Building Details
Year Built
2022
Units
1
Tenancy
Multi
Listing Agency:
Elliott Inc.
Listed By:
Carmen Elliott · License #VA 0225247701
(540) 357-2084
Source:
Crexi
Added: Jun 12
Changed: Aug 23
Last Checked: Sep 2 at 9:18PM
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 Elliott Inc.
Investment Insights
Based on property information with market context.
125 Scattergood Drive offers 4,000–8,650 SF of second-floor professional office space within an elevator-served, professionally maintained building. The layout is suited to medical, administrative, or general office users, with a focus on visibility, accessibility, and parking.
The property is located just off North Franklin Street and is minutes from Route 460 and I-81, providing convenient access to Christiansburg, Blacksburg, and the broader Roanoke submarket. It also offers proximity to major retail and service amenities.
The building is positioned along one of Christiansburg’s strongest commercial corridors and is designed to support both staff and patients or clients with convenient parking and easy access to the regional road network.
The property is located just off North Franklin Street and is minutes from Route 460 and I-81, providing convenient access to Christiansburg, Blacksburg, and the broader Roanoke submarket. It also offers proximity to major retail and service amenities.
The building is positioned along one of Christiansburg’s strongest commercial corridors and is designed to support both staff and patients or clients with convenient parking and easy access to the regional road network.
Key Highlights
- Built in 2022, professionally maintained second‑floor office space in Christiansburg
- Offers 4,000–8,650 SF of well‑positioned professional office space on the second floor
- Elevator‑served building designed for medical, administrative, or general office users
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$259,953
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,199,060
$5.2M
Cap Rate 7%
$3,713,614
$3.7M
Cap Rate 9%
$2,888,367
$2.9M
Market Conditions
NOI Build-Up for 17,000 SF
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.
Gross rent
$528.4K $31.08/SF
− Vacancy
−$95.1K −$5.59/SF
EGI
$433.3K $25.49/SF
− OpEx
−$173.3K −$10.19/SF
NOI
$260.0K $15.29/SF
Area
Montgomery County, VA
Vacancy
18.00%
Lease Rate
$31.08 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,199,060
Cap Rate 7%
$3,713,614
Cap Rate 9%
$2,888,367
Alternative Uses
Best Use
Healthcare Medical
$3.71M
$3.25M – $4.33M
NOI $259,953 @ 7.0% cap · market cap 5.20%
Second Best
Office B
$2.97M
$2.60M – $3.46M
NOI $207,762 @ 7.0% cap · market cap 4.16%
Theoretical Best
Flex RnD
$4.02M
$3.52M – $4.69M
NOI $281,616 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 24073, VA
32,093
Population
14,248
Households
2.3
Avg Household Size
39
Median Age
42%
College-Educated
94%
High-School Grad
89.6 sq mi
ZIP Area
358
Density / Sq Mi
$75,103
Median Household Income
$46,396
Median Earnings
$1,150
Median Rent
$247,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professionally maintained, elevator-served second-floor office space with ample parking and regional access in Christiansburg.
Where is this office units located?
The property is located at 125 SCATTERGOOD DR NW Christiansburg, VA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Built in 2022, professionally maintained second‑floor office space in Christiansburg; Offers 4,000–8,650 SF of well‑positioned professional office space on the second floor; Elevator‑served building designed for medical, administrative, or general office users
