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    2350 Peters Creek Rd Roanoke, VA 24017

    Sponsored
    For Sale
    $1,649,000

    Mixed-use center, high visibility, strong tenants.

    Property size:
    13,908 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Green Ridge Center, a Class B mixed-use property in Roanoke, VA, is offered at $1,649,000. This 13,908 square foot shopping center boasts excellent visibility on Peters Creek Road, a major thoroughfare. The property comprises two buildings totaling 13,908 net rentable square feet, built in 1988, situated on a 1.23-acre lot with 46 parking spaces. Building 1 (2350 Peters Creek Rd NW) is 5,268 square feet and houses three tenants. Building 2 (2363 Peters Creek Rd NW), encompassing 8,640 square feet, features six 1,440 square foot bays, with two tenants occupying two bays each. A Domino's Pizza, a tenant since 1988, anchors the second building, alongside another tenant since 2012. The property features a new roof installed in 2018 and offers 3,526 square feet of contiguous space ideal for an owner-occupant or new tenant. The property's zoning is CN, and it offers a pro-forma cap rate of 7.67% and a pro-forma NOI of $126,535. This investment opportunity presents strong potential due to its location, long-term tenants, and available space.

    Property Features for 2350 Peters Creek Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    13,908 SF
    Class
    B
    Lot Size
    53,579 SF

    Building Details

    Year Built
    1988
    Buildings
    2
    Stories
    1

    HighLights

    • Excellent visibility on Peters Creek Road, a major thoroughfare.
    • Median crossover provides convenient access.
    • New roof installed in 2018.
    • Multiple long‑term tenants.
    • 3,526 square feet of contiguous space available for owner‑occupant or new tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grandberry Services Air Conditioning Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.005726752519
    Latitude
    37.313765351005

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    FAQs

    What type of property is this?
    Lifestyle center - Mixed-use center, high visibility, strong tenants.
    Where is this lifestyle center located?
    The property is located at 2350 Peters Creek Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $1,649,000.
    What are key features of this property?
    This property features: Excellent visibility on Peters Creek Road, a major thoroughfare.; Median crossover provides convenient access.; New roof installed in 2018.
    Request Owner's contact information
    2350 Peters Creek Rd Roanoke, VA 24017
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    Roanoke, VA 24017
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    2350 Peters Creek Rd Roanoke, VA 24017
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