0 Tyler St, Christiansburg, VA 24073
This exceptional 35-acre tract presents a prime commercial development opportunity in Christiansburg, Virginia. Strategically located at Exit 109 off I-81, directly across from Carilion New River Valley-Radford Hospital, this property boasts unparalleled visibility and accessibility. The land is comprised of 21.13 acres zoned General Business (GB) and 14.19 acres zoned R-3, offering flexibility for a variety of development projects. A proposed plan includes 44 lots, with convenient ingress/egress points also available from Baines Chapel Road. The property's commanding position overlooking I-81 makes it ideally suited to serve the growing needs of Radford, Radford University, Volvo, the Carilion Hospital, and surrounding residential communities in Snowville and Riner. The land features a level topography, ensuring ease of development, and essential utilities are readily available. Furthermore, the possibility of acquiring additional acreage exists, providing expansion potential for larger-scale projects. Detailed topography information is available. This is a rare opportunity to acquire a significant parcel of land in a high-growth area with exceptional visibility and access. The asking price is $1,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.