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3211 Peoples Dr - Hammond Professional Park 937 - 3,750 SF Condo Units Offered at $199,375 - $529,000 Per Unit in Harrisonburg, VA 22801
Investment Highlights
- Two private entrances enhance accessibility and operational flexibility.
- Located in Professional Park with proximity to Interstate 81 and major commercial corridors.
- Positioned near James Madison University and a variety of retail and dining amenities.
- Open floor plan with multiple offices and a conference room for diverse business needs.
- Includes a break room and restrooms for employee convenience.
- Ample depth and width for efficient workspace planning and layout customization.
Executive Summary
The property is an office condominium located at 3211 Peoples Drive, Suite 130, in Harrisonburg, Virginia. It is situated in the Professional Park development on the south end of the city. The site offers access to Interstate 81 and is near James Madison University and surrounding commercial services. The building includes two private entrances and an interior layout with open space and enclosed offices.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.50% |
| Sale Type | Investment |
| Cap Rate | 7.50% |
Description
This professional office condominium offers a stabilized, income-producing investment opportunity in the Hammond Professional Park, just off South Main Street in Harrisonburg, Virginia. The property spans 937.5 square feet and is currently under a long-term lease through the end of 2031, providing investors with predictable cash flow and a 7.5% capitalization rate.
Sale Notes
Positioned within a well-established professional corridor, the asset benefits from consistent demand for office space in the Harrisonburg market. The property features shared parking and easy access to major roadways, making it convenient for tenants and visitors alike. With a true plug-and-play investment structure already in place, this offering is ideal for those seeking a low-maintenance, income-generating property in a growing regional market.
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
This 3,750 SF double-unit office condominium is located in the Professional Park on Peoples Drive in the south end of Harrisonburg, Virginia. The property offers a flexible, open layout designed to accommodate a wide range of business operations. Featuring two private entrances, the space provides strong functionality for client-facing environments, collaborative workspaces, or operational planning.
The interior spans approximately 75 feet deep by 50 feet wide, creating efficient depth for workspace design. The current configuration includes a large open area, multiple offices, a conference room, reception area, and a break room, offering adaptability for professional services, training facilities, or specialty uses.
The interior spans approximately 75 feet deep by 50 feet wide, creating efficient depth for workspace design. The current configuration includes a large open area, multiple offices, a conference room, reception area, and a break room, offering adaptability for professional services, training facilities, or specialty uses.
Sale Notes
Positioned near major roadways and commercial amenities, the property benefits from convenient access to Interstate 81, James Madison University, and surrounding retail and dining options. This location supports strong connectivity for employees and clients alike, making it a compelling opportunity for owner-occupants or investors seeking a versatile office asset in a growing market.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 110 | 937 SF | Office/Retail | $199,375 ($212.78/SF) | $14,953.12 |
| Unit 130 | 3,750 SF | Office | $529,000 ($141.07/SF) | - |
Unit 110
| Unit Size |
| 937 SF |
| Condo Use |
| Office/Retail |
| Price |
| $199,375 ($212.78/SF) |
| NOI |
| $14,953.12 |
Unit 130
| Unit Size |
| 3,750 SF |
| Condo Use |
| Office |
| Price |
| $529,000 ($141.07/SF) |
| NOI |
| - |
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Unit 110
| Unit Size | 937 SF |
| Condo Use | Office/Retail |
| Price | $199,375 ($212.78/SF) |
| NOI | $14,953.12 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Description | |
| This professional office condominium offers a stabilized, income-producing investment opportunity in the Hammond Professional Park, just off South Main Street in Harrisonburg, Virginia. The property spans 937.5 square feet and is currently under a long-term lease through the end of 2031, providing investors with predictable cash flow and a 7.5% capitalization rate.</li></ul> | |
| Sale Notes | |
| Positioned within a well-established professional corridor, the asset benefits from consistent demand for office space in the Harrisonburg market. The property features shared parking and easy access to major roadways, making it convenient for tenants and visitors alike. With a true plug-and-play investment structure already in place, this offering is ideal for those seeking a low-maintenance, income-generating property in a growing regional market.</li></ul> |
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 130
| Unit Size | 3,750 SF |
| Condo Use | Office |
| Price | $529,000 ($141.07/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| This 3,750 SF double-unit office condominium is located in the Professional Park on Peoples Drive in the south end of Harrisonburg, Virginia. The property offers a flexible, open layout designed to accommodate a wide range of business operations. Featuring two private entrances, the space provides strong functionality for client-facing environments, collaborative workspaces, or operational planning.<br> <br> The interior spans approximately 75 feet deep by 50 feet wide, creating efficient depth for workspace design. The current configuration includes a large open area, multiple offices, a conference room, reception area, and a break room, offering adaptability for professional services, training facilities, or specialty uses.</li></ul> | |
| Sale Notes | |
| Positioned near major roadways and commercial amenities, the property benefits from convenient access to Interstate 81, James Madison University, and surrounding retail and dining options. This location supports strong connectivity for employees and clients alike, making it a compelling opportunity for owner-occupants or investors seeking a versatile office asset in a growing market.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 15,000 SF | Typical Floor Size | 15,000 SF |
| Property Type | Flex | Year Built | 2004 |
| Property Subtype | Lot Size | 0.67 AC | |
| Building Class | B | Opportunity Zone |
Yes
|
| Floors | 1 | ||
| Zoning | B-2 | ||
| Total Building Size | 15,000 SF |
| Property Type | Flex |
| Property Subtype | |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 15,000 SF |
| Year Built | 2004 |
| Lot Size | 0.67 AC |
| Opportunity Zone |
Yes |
| Zoning | B-2 |
Amenities
- Air Conditioning
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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3211 Peoples Dr - Hammond Professional Park
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