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    500 Bishop Rd Blacksburg, VA 24060

    • Commercial real estate
    For Sale
    View listing
    $369,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-0875178
    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

    • Commercial real estate

    Property Details for 500 Bishop Rd

    Property type
    Commercial real estate

    Description

    This exceptional 6.045-acre industrial land parcel presents a unique investment opportunity in Blacksburg, Virginia. Located at 500 Bishop Road, this gently rolling property boasts over 800 feet of frontage on Bishop Road, offering excellent visibility and accessibility. Its prime location provides convenient access to the 460 bypass and Virginia Tech, making it ideal for a variety of uses. A significant advantage is the existing water and sewer availability from Blacksburg town services, already connected to the property. The seller is even covering the installation and connection costs of a STEP/STEG septic tank with pump. While currently zoned Rural Residential 1, preventing subdivision, this expansive site is perfect for a mini-farm, single residential estate, or other suitable industrial development. The property features water frontage on Tom's Creek, adding to its appeal and potential. Note that a new Montgomery County tax parcel number is pending assignment, and the land is not part of the Kinloch HOA. A plat is available for review. This is a rare opportunity to acquire a sizable, well-located industrial site in a thriving community. Priced at $369,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.4131393
    Latitude
    37.2698911

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    500 Bishop Rd
    Blacksburg, VA 24060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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