Auditorium Facility with Coffee
For Sale
Contact for pricing
135 SCATTERGOOD DR NW, Christiansburg, VA 24073
Institutional-style facility with an amphitheater auditorium and on-site café amenity, suited for educational, corporate, or event use.
Property Size35,000 SF
Price / SF$200
Days on Market55
Property Features for 135 SCATTERGOOD DR NW
General Information
Standard status
Active
Size
35,000 SF
Property subtype
Mixed Use, Special Purpose
Building Details
Year Built
2022
Listing Agency:
Elliott Inc.
(540) 357-2084
Listed By:
Carmen Elliott · License #VA 0225247701
Source:
Crexi
Added: Jun 12
Changed: Jul 10
Last Checked: Aug 4 at 3:03PM
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.
The property is an institutional-quality facility featuring a large amphitheater-style auditorium with advanced sound, lighting, and presentation technology. The flexible interior layout includes large gathering spaces, classrooms, meeting rooms, and administrative areas, supporting immediate use or repositioning for a variety of assembly and educational functions. The site also includes large executive offices, an owners apartment with luxury fixtures, and elevated deck space. In addition, an active coffee shop provides an on-site café amenity for tenants and visitors.
Located in the Blacksburg market at 135 Scattergood Dr NW, the property is described as minutes from Virginia Tech. It is positioned as a campus opportunity, with the combination of assembly space and supporting rooms intended to serve both organized groups and day-to-day operations.
For buyers and operators, the mix of auditorium technology, gathering and classroom space, executive offices, and dedicated administrative areas offers flexibility for adaptive reuse. The on-site coffee shop can support employee and visitor traffic, while the owners apartment and deck provide private on-site accommodations when needed. This configuration may be particularly relevant for organizations seeking a ready-to-operate facility rather than a ground-up build.
Located in the Blacksburg market at 135 Scattergood Dr NW, the property is described as minutes from Virginia Tech. It is positioned as a campus opportunity, with the combination of assembly space and supporting rooms intended to serve both organized groups and day-to-day operations.
For buyers and operators, the mix of auditorium technology, gathering and classroom space, executive offices, and dedicated administrative areas offers flexibility for adaptive reuse. The on-site coffee shop can support employee and visitor traffic, while the owners apartment and deck provide private on-site accommodations when needed. This configuration may be particularly relevant for organizations seeking a ready-to-operate facility rather than a ground-up build.
Key Highlights
- Year built 2022 institutional‑style facility with amphitheater‑style auditorium.
- Advanced sound, lighting, and presentation technology in the auditorium.
- Flexible interior layout with large gathering spaces, classrooms, meeting rooms, and administrative areas.
Financial Insights For Specialty Retail
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 | $861.0k | $24.60 |
| − Vacancy | −$131.7k | −$3.76 |
| EGI | $729.3k | $20.84 |
| − OpEx | −$182.3k | −$5.21 |
| NOI | $547.0k | $15.63 |
35,000 SF · lease $24.60/SF/yr · vacancy 15.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$7.81M
$6.84M – $9.12M
NOI $546,950 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$8.28M
$7.25M – $9.66M
NOI $579,797 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
268
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Institutional-style facility with an amphitheater auditorium and on-site café amenity, suited for educational, corporate, or event use.
Where is this church & religious facility located?
The property is located at 135 SCATTERGOOD DR NW Christiansburg, VA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Year built 2022 institutional‑style facility with amphitheater‑style auditorium.; Advanced sound, lighting, and presentation technology in the auditorium.; Flexible interior layout with large gathering spaces, classrooms, meeting rooms, and administrative areas.
