1901 Bob White BlvdPulaski, VA 24301

Property Details for 1901 Bob White Blvd

Lot size

0.72 AC

Zone code

PB1

Property type

Commercial real estate

APN

073-001-0000-0152

APU

7300100000152

Description

This stabilized Class B office building, located at 1901 Bob White Blvd, Pulaski, VA 24301, presents a compelling investment opportunity. The property features 2,506 square feet situated on a 0.725-acre lot, with a permitted commercial zoning. Currently 100% occupied by a credit-rated tenant under a triple net (NNN) lease, this single-tenant property offers a long-term, secure investment. The lease commenced September 1, 2023, and has a remaining term of 3.8 years, with two five-year renewal options. The building, constructed in 1995 and renovated in 2023, boasts a 7.77% cap rate and a price per square foot of $126.90. The asking price is $318,000. This is a single-story building offering a stable, steady cash flow from a long-term tenant, the Commonwealth of Virginia, providing investment-grade security. The property's APN is 073-001-0000-0152. This is an exceptional opportunity for investors seeking a low-risk, high-yield investment with a strong tenant and significant remaining lease term.

• CAP approach

  CAP return

  Valuation

  6%

  $3,899,670

  6.5%

  $3,599,700

  7%

  $3,342,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,981,000

  Geo Method

  $5,311,010

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,032,420

  Retail / Commercial

  $3,933,900

  Mixed-Use / Specialty

  $3,774,030

  Hospitality / Lodging

  $2,579,000

  Office

  $3,599,700

  Institutional / Educational

  $3,871,340

  Residential Income

  $4,529,470

  Multifamily

  $6,240,960

  Automotive / Energy

  $3,318,300

  Parking / Income-Based Land

  $1,289,200

  Restaurant / Food Service

  $1,651,640

  Healthcare / Senior Housing

  $4,019,760

Location Insight

City

Pulaski

County

Pulaski

State

Virginia

Latitude

37.0597

Longitude

-80.7436

CBSA code

13980

CBSA name

BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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