1450 Technology DrHarrisonburg, VA 22802

Property Details for 1450 Technology Dr

Year built

1999

Lot size

7.55 AC

Property size (Sq ft)

670 SF

Zone code

GENERAL INDUSTRIAL

Property type

Office properties

Property subtype

Office buildings

APN

044 B 1

APU

044B1

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $159,467

  6.5%

  $147,200

  7%

  $136,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $133,960

  Geo Method

  $133,960

• Alternative Use

  Use

  Valuation

  Residential

  $182,528

  Hospitality

  $167,195

  Educational

  $139,104

  Medical

  $143,888

  Retail

  $216,384

Location Insight

City

Rockingham

County

Harrisonburg City

State

Virginia

Latitude

38.4656

Longitude

-78.8506

CBSA code

25500

CBSA name

HARRISONBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].