Property profile

110 Professional Park Dr Blacksburg, VA 24060

OFF-MARKET
Retail properties & Spaces
1,632 SF Built 1984
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Property summary

AI-generated overview

This 1,632 square foot Class B medical office condo, located at 110 Professional Park Dr, Blacksburg, VA 24060, is available for $375,000 ($229.78/sq ft). The property, built in 1984 and renovated in 2020, is situated on a single story building within a professionally managed complex. Currently vacant, the space is ready for immediate occupancy on August 1, 2024. Zoned O, this single-unit property offers a versatile layout suitable for various medical or retail uses. Its prime location in Blacksburg, Montgomery County, offers convenient access to Virginia Tech and HCA Lewis Gale Hospital, ensuring high visibility and potential clientele. Ample parking is available for staff and clients. The property's impeccable condition and desirable location make it a unique investment opportunity in the thriving New River Valley. The building features attentive maintenance staff. This is a rare opportunity to acquire a well-maintained, renovated medical office condo in a high-demand area. The property is suitable for a solo practitioner or a group seeking expansion.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1984
Total area 1,632 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Eye Care Center Contact Lenses Supplier
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Ophthalmologist
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Ophthalmologist

Location

110 Professional Park Dr Blacksburg, VA 24060
Blacksburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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