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    Jacob Quesinberry, Salem, VA

    License ID: 0225193464
    Poe & Cronk Real Estate Group
    Association
    Roanoke Valley Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (540) 353-5344
    Office Address:
    10 S Jefferson St, Roanoke, VA, 24011

    Performance

    Listings
    11

    Listings

    For Sale (8)

    View map
    • Contact for pricing

      Commercial Land Near Airport

      High-traffic commercial land with utilities near Lynchburg Regional Airport.
      14600 Wards Rd, Lynchburg, VA 24502
      View Details
    • $4,900,000

      Downtown Roanoke Office Building

      Five-story office building in downtown Roanoke with stable tenant mix.
      34 Campbell Ave Southwest, Roanoke, VA 24011
      View Details
    • $850,000

      9.56 Acre Industrial Corner Site

      Industrial site with road frontage and easy highway access.
      1270/1272 Rockland Ave Northwest, Roanoke, VA 24012
      View Details
    • $1,900,000

      Former Food City Retail Opportunity

      37,000 SF retail building on 4 acres in Pulaski.
      1400 Bob White Blvd, Pulaski, VA 24301
      View Details
    • Contact for pricing

      Prime Land Near Liberty University

      High-traffic commercial land available for sale, ground lease, or build-to-suit.
      14600 Wards Rd, Lynchburg, VA 24502
      View Details
    • $1,295,000

      Former Restaurant on High-Traffic Site

      Former restaurant with redevelopment potential on a high-traffic site.
      2775 Lee Hwy, Troutville, VA 24175
      View Details
    • Contact for pricing
      146,852 SF

      High-Tech Manufacturing and Warehouse Facility

      Expandable manufacturing, office, and warehouse facility near I-581 and I-81.
      2797 Frontage Rd - NW, Roanoke, VA 24017
      View Details
    • Contact for pricing
      153,500 SF

      Martinsville Manufacturing/Distribution Facility

      153,500 SF manufacturing/distribution facility on 29.6 acres.
      175 Mehler Ln, Martinsville, VA 24112
      View Details

    For Lease (3)

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    • $14 SF/Yr

      Refreshed Office Space Available

      Modern office space in Roanoke's revitalized central business district.
      34 Campbell Ave SW, Roanoke, VA 24011
      View Details
    • Contact for pricing
      5,160 SF

      Downtown Office Space For Rent

      Office space with parking and updated common areas available now.
      105 Franklin Rd, Roanoke, VA 24011
      View Details
    • Contact for pricing
      4,000 SF

      Christiansburg Professional Park Office Space

      Office space available in Christiansburg Professional Park.
      90 College St, Christiansburg, VA 24073
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

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    Jacob Quesinberry, Salem, VA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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