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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Data centers and call centers
207 University Blvd Harrisonburg, VA 22801-3749
Entity Owned
~
Est. High Equity
Property ID
US87-2470904
Property summary
AI-generated overview
This exceptional commercial property, situated at 207 University Blvd in Harrisonburg, Virginia, presents a unique investment opportunity. Currently listed at $1,425,000, this 0.97-acre property offers a versatile space ideal for multiple tenants or a single large occupant. The building features an innovative design, currently housing WKCY Radio on the top floor under a lease agreement. The first floor is divisible into two separate leasable areas, each offering flexibility for various business needs. Alternatively, the entire first floor can easily accommodate a single, larger tenant. Enjoy breathtaking western views from all-glass conference rooms and offices, complemented by two convenient kitchenette breakrooms. Ample parking is provided with over 40 spaces. The property's 0.97-acre lot also presents the potential for future expansion. This prime Harrisonburg location, combined with the building's adaptable layout and attractive features, makes it an exceptional investment prospect. The property is zoned for commercial use and is ready for immediate occupancy or lease. The address is 207 University Blvd, Harrisonburg, VA 22801, zip code 22801.
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
1988
Total area
7,480 SF
Lot
0.97 ac (42,262 SF)
Zoning code
GENERAL BUSINESS
APN
079 E 4
UPID
US87-2470904
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
-
MIX 93.1 WSVO Radio Station Telecommunications Service
-
98 Rock Radio Station Telecommunications Service
-
Wacl Radio Station Telecommunications Service
-
iHeart Media Harrisonburg Radio Station Telecommunications Service
-
High Speed Link IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
207 University LLC
207 University LLC
since 2026
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
GENERAL BUSINESS · Harrisonburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Harrisonburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrisonburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,270,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,250,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$960,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$800,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$765,000
Change: 0% · Conversion: Difficult
RESTAURANT
$740,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.20M (Feb 10 2025)
Last sale anchor
$1.20M
Feb 10 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$13,118
Tax year 2021
Assessed value
$1,457,600
Assessed 2021
Previous assessed
$1,457,600
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$633,900
Assessed improvement
$823,700
Land market value
$633,900
Improvement market value
$823,700
Total market value
$1,457,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Status
Off-Market
Year built
1988
Stories
2
Total area
7,480 SF
Lot
0.97 ac (42,262 SF)
Zoning code
GENERAL BUSINESS
APN
079 E 4
UPID
US87-2470904
Jurisdiction
HARRISONBURG CITY
Zoning & alternative use
GENERAL BUSINESS · Harrisonburg, VA
Zoning GENERAL BUSINESS · permitted uses
GENERAL BUSINESS · Harrisonburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harrisonburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$765,000
RESTAURANT
Est. value
$740,000
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Stories
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
207 University LLC
Entity
Mailing address
200 E BASSE RD, SAN ANTONIO, TX 78209-4489
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2026
$1,650,000
207 University LLC
Norton Group LLC
Deed
$1,110,843 · Virginia Ctrl Federal Credit Union
Feb 10, 2025
$1,200,000
The Norton Group LLC
Lex Development LLC
Bargain & Sale Deed
$496,000 · Park View FCU
May 19, 2023
—
Lex Development I LLC
—
Deed
related
$260,000 · Pioneer Bank
Jun 17, 2022
$900,000
Lex Development I LLC
Iheartmedia Entertainment INC
Special Warranty Deed
$765,000 · Pioneer Bank
Dec 29, 2016
—
Vertical Bridge Cc Fm LLC
—
Deed
related
$219,367 · Wilmington Trust NA
Feb 24, 2012
—
City Of Harrisonburg
Capstar Operationg Company
Gift Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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