Office Suite with Reception and
New
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 Market7
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) 342-0881
Listed By:
Krista H Vannoy
Source:
Moodyscre
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 10:09AM
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
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 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 | $54.2k | $19.68 |
| − Vacancy | −$9.3k | −$3.38 |
| EGI | $44.9k | $16.30 |
| − OpEx | −$11.2k | −$4.07 |
| NOI | $33.7k | $12.22 |
2,754 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
688
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 - Move-in ready office suite offers a reception area, kitchenette, ample storage, and parking near downtown Christiansburg.
Where is this office units 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
