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Property profile & analytics

6245 University Park Dr Radford, VA 24141

  • Commercial real estate
  • 0.67 lot acres
Value Estimation
Last Sale
Nov 09, 2020
$299,000
Location Intelligence
Property ID
US87-3206114
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Compass Behavioral Group / Mental Health Service

Property Details for 6245 University Park Dr

Lot size
0.67 lot acres
Zone code
CM1
Property type
Commercial real estate
APN
039-001-0000-030A
APU
0390010000030A

Description

This exceptional 2,280 square foot office building is situated on a 0.67-acre lot at 6245 UNIVERSITY PARK DR, Radford, VA, offering a prime location near Radford University on Lee Highway (Route 11). The property boasts significant curb appeal and a striking foyer, setting a professional tone for any business. The interior features beautifully maintained original woodwork, gleaming hardwood floors, and high 9-foot ceilings. The functional layout includes a full kitchen, two bathrooms, and ample space that can easily be configured for a waiting room, conference room, and up to six individual offices. Abundant parking is provided with 23 spaces. Extensive renovations completed in 2018 included a new metal roof, replacement of all windows, complete electrical and plumbing upgrades, a new HVAC system, new flooring, updated cabinets, and new appliances. Additional storage is available in both a walk-up attic and a basement. This meticulously maintained building presents a rare opportunity for a business seeking a charming, updated, and conveniently located space with excellent visibility and ample parking. The asking price is $399,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $325,000
  • CAP approach

    CAP return
    Estimation
    6%
    $285,000
    6.5%
    $300,000
    7%
    $305,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $270,000
    Geo Method
    $320,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $370,000
    Retail
    $375,000
    Mixed-Use
    $300,000
    Hospitality
    $290,000
    Educational
    $335,000
    Residential Income
    $365,000
    Energy
    $335,000
    Income-Based Land
    $280,000
    Food Service
    $320,000

Location Insight

  • Map
  • Local Demand
City
Radford
County
Pulaski
State
Virginia
Longitude
-80.5791
Latitude
37.1405
CBSA code
13980
CBSA name
BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,125
$81,000
$206,200
$287,200
-
$81,000
$206,200
$287,200
More about this property
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