Blacksburg Office Building For
2206 S Main St Blacksburg, VA 24060
2206 S Main St, Blacksburg, VA, 24060
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For Sale
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20,023 SF building on 2.79 acres in Blacksburg.
Property Size20,023 SF
Lot Size2.79 Acres
Price / SF$174.80
Days on Market1813
Property Features for 2206 S Main St
General Information
- Standard status
- Active
- Size
- 20,023 SF
- Lot size
- 2.79 Acres
- Property subtype
- Office
Listing agency
Cushman & Wakefield Thalhimer - Roanoke, Virginia
(540) 767-3011
Listed by
Price Gutshall · License #VA 0225214051
Source
Crexi
Added: Aug 5, 2021 Updated: Jul 6 at 8:35AM Checked: Jul 21 at 5:34AM
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, Virginia
Investment Insights
Based on property information with market context.
Located on South Main Street in Blacksburg, this property features a 20,023 square foot building and a 2,000 square foot garage on 2.79 acres. The site offers 300 feet of frontage along South Main Street. Situated immediately off Route 460, it is near the Virginia Tech Corporate Research Center. The location benefits from high visibility, with approximately 25,000 vehicles per day on South Main Street. Across the street, there is new construction of approximately 200 apartments. This property is suitable for an owner-user, a value-add investor, or redevelopment.
Key Highlights
- Prime location on South Main Street in Blacksburg.
- 20,023 SF building plus 2,000 SF garage on 2.79 acres.
- 300' of frontage along S. Main Street.
Local 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 | $394.1k | $19.68 |
| − Vacancy | −$67.8k | −$3.38 |
| EGI | $326.3k | $16.30 |
| − OpEx | −$81.6k | −$4.07 |
| NOI | $244.7k | $12.22 |
20,023 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.50M
$3.06M – $4.08M
NOI $244,707 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$4.74M
$4.15M – $5.53M
NOI $331,694 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Game & Inland Fisheries
Corporate Office
Discovery Financial Services
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 20,023 SF building on 2.79 acres in Blacksburg.
Where is this office building located?
The property is located at 2206 S Main St Blacksburg, VA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Prime location on South Main Street in Blacksburg.; **20,023 SF building plus 2,000 SF garage on 2.79 acres.**; 300' of frontage along S. Main Street.
