Technical
Financial
Distress signals
Property profile

1450 Technology Dr Harrisonburg, VA 22802

FOR LEASE
Office buildings
Property ID
US87-3226439
670 SF 7.55 ac lot Built 1999
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 42,000 square foot high-security building sits on a meticulously landscaped 7.55-acre campus, offering a unique opportunity for a discerning buyer or tenant. Located minutes from James Madison University and Interstate 81, this property boasts unparalleled convenience and access to a highly educated workforce. Currently priced below assessed value, this represents a significant savings compared to the cost of land acquisition and new construction. The building's former use as a large government contractor's facility speaks to its robust security features and infrastructure. Features include approximately 200 well-lit parking spaces, extensive cabling and wiring, and a state-of-the-art server facility equipped with Halon dry fire suppression, Liebert environmental systems, full power redundancy, and a dedicated fiber optic internet ring. A mission-critical diesel electric generator ensures uninterrupted operation. The interior layout is highly adaptable, featuring large conference rooms, private and shared offices, cubicles, reception areas, kitchens, and training rooms. The property is ideally suited for technology-oriented businesses, healthcare providers, educational institutions, financial firms, insurance companies, or call centers. Its proximity to Washington, D.C., and Northern Virginia offers easy access to major markets without the associated traffic congestion. Up to approximately 40,000 square feet is currently available. The owner is open to a triple-net lease or a potential sale.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Total area 670 SF
Lot 7.55 ac (328,922 SF)
Zoning code GENERAL INDUSTRIAL
APN 044 B 1
UPID US87-3226439

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
  • Intellectual Property Registry

Location

1450 Technology Dr Harrisonburg, VA 22802
Harrisonburg metro Census 401 HARRISONBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2017
2 recorded transactions
2022
Price N/A
2017
$6.0M

Zoning & alternative use

GENERAL INDUSTRIAL · Rockingham, VA

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?”
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