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Property profile & analytics
OFF-MARKET
Commercial real estate

200 Professional Park Dr Blacksburg, VA 24060

Built 1987
Property ID
Property summary
AI-generated overview

This exceptional 409,000 USD commercial property presents a unique opportunity to own your own office space in a highly desirable Blacksburg location. Situated at 200 Professional Park Drive, this office condo boasts a convenient location near the intersection of S. Main Street and US 460 Bypass, ensuring excellent visibility and accessibility. The interior comprises a welcoming reception area, five individual office spaces providing ample room for staff and clients, flexible workspace adaptable to various needs, and a dedicated storage room for efficient organization. Ample on-site parking is available for employees and visitors, adding to the convenience of this property. Furthermore, its proximity to a Blacksburg Transit (BT) bus stop enhances accessibility for employees and clients utilizing public transportation. The entire space has recently undergone a fresh coat of paint, presenting a clean and modern aesthetic. The property is managed within a homeowner's association (HOA), with monthly dues of $350.67 (October 24th - September 25th) covering essential services, including garbage removal. This turnkey office condo is ideal for businesses seeking to establish a permanent presence in Blacksburg or for investors looking for a stable and profitable investment opportunity. The property is offered at 409,000 USD. Don't miss this chance to secure your own office space in a thriving Blacksburg location.

Property profile
Verified
Property type Commercial real estate
Year built 1987
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Joseph H. McVoy, PhD Counselor
  • Neurological Care Clinic Medical Clinic
  • The Cascade Group Counselor
  • Professional Communications Telecommunications Service Construction Company
  • Katherine M. Reinholtz, ND Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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