315 DEPOT ST NW Christiansburg, VA 24073
Freestanding restaurant building with patio space on commercially zoned land, located along the Huckleberry Trail near Depot Park.
Property Features for 315 DEPOT ST NW
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Lot size
- 0.41 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2021
Listing office Elliott Inc. (540) 357-2084
Listing date Jul 13, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Elliott Inc.
Investment Insights
Based on property information with market context.
The location is directly along the Huckleberry Trail and steps from Depot Park, placing it near a heavily used pedestrian and recreational corridor. It is also positioned minutes from Virginia Tech, downtown Christiansburg, and I-81, serving regional travel patterns that connect the university area with the surrounding market.
Key Highlights
- Year built 2021 freestanding restaurant building with 1,100 SF interior plus 900 SF patio space
- Sits on 0.41 acres of commercially zoned land with ample on‑site parking and outdoor seating
- Located directly along the Huckleberry Trail and steps from Depot Park in Christiansburg’s Depot District
Local 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 | $27.1k | $24.60 |
| − Vacancy | −$4.1k | −$3.76 |
| EGI | $22.9k | $20.84 |
| − OpEx | −$5.7k | −$5.21 |
| NOI | $17.2k | $15.63 |
