Office Suites with Natural
840 University City Blvd Blacksburg, VA 24060
For Sale
Contact for pricing
Multiple office suites offer natural light and flexible layouts with traditional and open floor plan options.
Property Size1,625 SF
Price / SF$172.10
Days on Market774
Property Features for 840 University City Blvd
General Information
Standard status
Active
Size
1,625 SF
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | Thalhimer - Roanoke
(540) 309-3310
Listed By:
Kent Roberts · License #0225214051
(540) 309-3310
Source:
Moodyscre
Added: Jun 14, 2024
Changed: Jul 25
Last Checked: Jul 27 at 12:39PM
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
Investment Insights
Based on property information with market context.
This offering includes individual office suites that can be combined to create a larger footprint. Suites feature bright, natural light throughout, with a mix of traditional and open office floor plans to support a range of day-to-day workspace needs.
The property is described as having excellent proximity to Virginia Tech’s main campus and Route 460, supporting convenient access for employees and visitors.
Suites are well-suited for tenants seeking private offices alongside open work areas, with the option to expand by combining adjacent units as requirements change.
The property is described as having excellent proximity to Virginia Tech’s main campus and Route 460, supporting convenient access for employees and visitors.
Suites are well-suited for tenants seeking private offices alongside open work areas, with the option to expand by combining adjacent units as requirements change.
Key Highlights
- Multiple office suites with flexible layout options, including traditional and open office floor plans
- Great natural light throughout the suites
- Individual suites can be combined for larger office footprints
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 | $32.0k | $19.68 |
| − Vacancy | −$5.5k | −$3.38 |
| EGI | $26.5k | $16.30 |
| − OpEx | −$6.6k | −$4.07 |
| NOI | $19.9k | $12.22 |
1,625 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$283.7K
$248.3K – $331.0K
NOI $19,860 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$384.6K
$336.5K – $448.7K
NOI $26,919 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Multiple office suites offer natural light and flexible layouts with traditional and open floor plan options.
Where is this office units located?
The property is located at 840 University City Blvd Blacksburg, VA.
What is the asking price?
The asking price for this property is $279,662.
What are key features of this property?
This property features: Multiple office suites with flexible layout options, including traditional and open office floor plans; Great natural light throughout the suites; Individual suites can be combined for larger office footprints
