Property profile

116 3Rd Ave Radford, VA 24141

FOR LEASE
Other office properties
Property ID
US87-2494407
7,392 SF Built 1965
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Property summary

AI-generated overview

The property at 116 Third Ave in Radford, Virginia is configured for retail or office use and is positioned just off Main Street with proximity to Radford University and Interstate 81. It includes multiple leasable suites (labeled A, B, and D) with an approximate range of 900 to 2,000 square feet per suite. The building frontage is on Third Ave with nearby access to Main Street, where retail and dining businesses are located, and residential housing is situated behind the property. The site offers public parking and is set up to support tenant signage.

Property profile

Verified
Property type Other office properties
Year built 1965
Total area 7,392 SF
UPID US87-2494407

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
  • Physician
  • Dental Office
  • Dental Office
  • Social Service Agency Charitable Organization
  • Physician

Location

116 3Rd Ave Radford, VA 24141
Radford metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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