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    6245 University Park Dr Radford, VA 24141

    Sponsored
    For Sale
    $499,000

    Charming 2-story office, 2,280 sq ft

    Property size:
    2,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,280 square foot office building, situated on a 0.67-acre lot in Radford, VA (zip code 24141), presents a unique investment opportunity. Located on University Park Drive, near Route 11 and Radford University, this prime location offers excellent visibility and accessibility. The building boasts a striking foyer, a full kitchen, two bathrooms, and ample parking for 23 vehicles. The interior features 9-foot ceilings, original woodwork, beautiful hardwood floors, and potential for six offices, along with a waiting room and conference room. Extensive renovations in 2018 included a new metal roof, new windows, updated electrical and plumbing systems, a new HVAC system, new flooring, new cabinets, and new appliances. Additional storage is available in a walk-up attic and basement. The property is zoned CM and offers versatile space suitable for executive, medical, or creative office uses. Abundant natural light and high ceilings enhance the overall appeal. This property is a perfect blend of historic charm and modern functionality, making it an ideal location for a variety of businesses.

    Property Features for 6245 University Park Dr

    General Information

    Property type
    Office space
    Square Feet
    2,280 SF
    Lot Size
    29,185 SF

    Building Details

    Stories
    2

    HighLights

    • Excellent Radford University proximity.
    • Convenient Route 11 access.
    • Versatile office/business space available.
    • Abundant natural light.
    • High ceilings throughout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Compass Behavioral Group Mental Health Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Radford
    County
    Pulaski
    State
    Virginia
    Longitude
    -80.57883717
    Latitude
    37.14047933

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    FAQs

    What type of property is this?
    Office space - Charming 2-story office, 2,280 sq ft
    Where is this office space located?
    The property is located at 6245 University Park Dr Radford, VA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Excellent Radford University proximity.; Convenient Route 11 access.; Versatile office/business space available.
    Request Owner's contact information
    6245 University Park Dr Radford, VA 24141
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    Radford, VA 24141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6245 University Park Dr Radford, VA 24141
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