500 Bishop Rd Blacksburg, VA 24060
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.