6245 University Park Dr Radford, VA 24141
- Commercial real estate
- 0.67 lot acres
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
-
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