Retail or Storefront Office
For Sale
Contact for pricing
820 University City Blvd, Blacksburg, VA
Retail or storefront office space available near various retailers.
Property Size1,896 SF
Lot Size2.30 Acres
Price / SF$172.10
Days on Market870
Property Features for 820 University City Blvd
General Information
Standard status
Active
Size
1,896 SF
Lot size
2.30 Acres
Property subtype
OFFICE
Lease Type
Modified Gross
Properties For Sale
at 820 University City Blvd
Building 810
AVAILABLE, Now
Floor
1
Size
1,896 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Sublease
No
- Great retail or storefront office location next to edward jones. Other retailers in the immediate area include zeppoli’s, starbucks, kroger gas, subway, dollar general, panera bread, cvs pharmacy, firehouse subs, panda express, roots, mezeh, chipotle, and tropical smoothie
Contact us
Listing Agency:
Cushman & Wakefield | Thalhimer - Roanoke
(540) 767-3000
Listed By:
Kent Roberts · License #0225092206
(540) 309-3310
Source:
Moodyscre
Added: Jun 14, 2024
Changed: Oct 25
Last Checked: Oct 30 at 12:43PM
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 Cushman & Wakefield | Thalhimer - Roanoke
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers a retail or storefront office location. It is situated next to Edward Jones. The immediate area includes retailers such as Zeppoli’s, Starbucks, Kroger Gas, Subway, Dollar General, Panera Bread, CVS Pharmacy, Firehouse Subs, Panda Express, Roots, Mezeh, Chipotle, and Tropical Smoothie. The property provides 1896 square feet of space and is located on University City Blvd in Blacksburg, VA.
Key Highlights
- High‑traffic retail location next to Edward Jones.
- Surrounded by established retailers like Starbucks, Kroger Gas, and Panera Bread.
- Close proximity to national chains such as CVS Pharmacy and Chipotle.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,172
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,440
$463.4K
Cap Rate 7%
$331,029
$331.0K
Cap Rate 9%
$257,467
$257.5K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$37.3K $19.68/SF
− Vacancy
−$6.4K −$3.38/SF
EGI
$30.9K $16.30/SF
− OpEx
−$7.7K −$4.07/SF
NOI
$23.2K $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%
$463,440
Cap Rate 7%
$331,029
Cap Rate 9%
$257,467
Alternative Uses
Best Use
Office B
$331.0K
$289.7K – $386.2K
NOI $23,172 @ 7.0% cap · market cap 7.10%
Second Best
Retail
$305.4K
$267.3K – $356.4K
NOI $21,381 @ 7.0% cap · market cap 6.55%
Theoretical Best
Flex RnD
$448.7K
$392.6K – $523.5K
NOI $31,408 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Kroger Floral — 801 Cascade Ct, Blacksburg, VA 24060
Frequently Asked Questions
What type of property is this?
Storefront property - Retail or storefront office space available near various retailers.
Where is this storefront property located?
The property is located at 820 University City Blvd Blacksburg, VA.
What is the asking price?
The asking price for this property is $326,301.
What are key features of this property?
This property features: High‑traffic retail location next to Edward Jones.; Surrounded by established retailers like Starbucks, Kroger Gas, and Panera Bread.; Close proximity to national chains such as CVS Pharmacy and Chipotle.
