Office Suite with Reception and
For Sale
Contact for pricing
401 Depot St NW, Christiansburg, VA 24073
Move-in ready office suite offers a reception area, kitchenette, ample storage, and parking near downtown Christiansburg.
Property Size2,754 SF
Price / SF$179.74
Days on Market99
Property Features for 401 Depot St NW
General Information
Standard status
Active
Size
2,754 SF
Property subtype
OFFICE
Amenities
reception area
kitchenette
storage
Listing Agency:
Waldvogel Commercial Properties
(540) 342-0800
Listed By:
Krista H Vannoy · License ##0225060152
(540) 342-0881
Source:
Moodyscre
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 28 at 8:13AM
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 Waldvogel Commercial Properties
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Investment Insights
Based on property information with market context.
Office suite of 2,754 SF with a flexible interior layout designed for everyday business use. The space includes a reception area, a kitchenette, and ample storage, supporting a functional front-of-house and back-of-house workflow.
Located at 401 Depot St NW in Christiansburg, just outside downtown. The property is positioned for convenient access to local amenities and provides ample parking to support tenant and client visits.
This suite is move-in ready, making it suitable for an immediate occupant looking for an office setup that already includes key components for day-to-day operations.
Located at 401 Depot St NW in Christiansburg, just outside downtown. The property is positioned for convenient access to local amenities and provides ample parking to support tenant and client visits.
This suite is move-in ready, making it suitable for an immediate occupant looking for an office setup that already includes key components for day-to-day operations.
Key Highlights
- 2,754 SF office suite with flexible interior layout
- Reception area provides a dedicated front desk space
- Kitchenette included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,657
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,140
$673.1K
Cap Rate 7%
$480,814
$480.8K
Cap Rate 9%
$373,967
$374.0K
Market Conditions
NOI Build-Up for 2,754 SF
Gross rent
$54.2K $19.68/SF
− Vacancy
−$9.3K −$3.38/SF
EGI
$44.9K $16.30/SF
− OpEx
−$11.2K −$4.07/SF
NOI
$33.7K $12.22/SF
Area
Montgomery County, VA
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,140
Cap Rate 7%
$480,814
Cap Rate 9%
$373,967
Alternative Uses
Best Use
Office B
$480.8K
$420.7K – $561.0K
NOI $33,657 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$651.7K
$570.3K – $760.4K
NOI $45,622 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready office suite offers a reception area, kitchenette, ample storage, and parking near downtown Christiansburg.
Where is this office unit located?
The property is located at 401 Depot St NW Christiansburg, VA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,754 SF office suite with flexible interior layout; Reception area provides a dedicated front desk space; Kitchenette included
