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Property profile

700 University City Blvd Blacksburg, VA 24060

FOR SALE
Other specialty properties
Property ID
US87-1391961
56,115 SF 2.56 ac lot Built 1985
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a two-level office building with a total area of 56,044 square feet, including a 20,044-square-foot addition. It features adaptable interior space with large floor plates that can accommodate different potential uses, including configurations suitable for multi-tenant operation. The building is located in Blacksburg within walking distance of Virginia Tech and downtown Blacksburg, with on-site parking totaling 90 spaces. An adjacent Blacksburg transit bus stop is located nearby.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$525
Tax billed · 2024
Assessed value$7.00M
Assessed land$1.34M
Assessed improvement$5.66M
Effective rate0.01%

Value estimate

· Oct 2026
$2.80M
$2.52M – $3.07M
NOI build-up
Gross scheduled income$1.10M
Vacancy & credit loss−$190k
Operating expenses−$228k
NOI · 8.73% cap applied$685k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
8.73%
$685k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GC
District is to provide for more intense commercial uses than the Downtown Commercial district, but in a manner which is consistent with t...
General categoryCOMMERCIAL
JurisdictionMONTGOMERY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand index
Dental Office15.9
Building Supply15.8
Wholesale Shop12.5

Location

700 University City Blvd Blacksburg, VA 24060
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

9 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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