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    5028 Starkey Rd Cave Spring, VA 24018

    Sponsored
    For Sale
    $2,345,000

    9.38 Acres, C1 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 9.38-acre commercial land parcel, located at 5028 Starkey Rd, Cave Spring, VA 24018, presents a unique development opportunity. Zoned C-1, it allows for retail, industrial, or multifamily projects. Boasting a prime location minutes from Tanglewood Mall and Electric Road, the property benefits from exceptional visibility and accessibility. With 37,000 vehicles daily on Electric Road and 12,000 on Starkey Road, this site offers high traffic counts and excellent exposure. The surrounding area features a strong demographic profile, with an average household income exceeding $88,745 within a one-mile radius. This easily accessible site is surrounded by one of Roanoke's highest-income areas, making it an attractive investment for developers seeking a high-traffic, high-visibility location in Roanoke County. The asking price is $2,345,000.

    Property Features for 5028 Starkey Rd

    General Information

    Property type
    Land
    Lot Size
    408,593 SF

    HighLights

    • Prime Roanoke County location with excellent accessibility.
    • High visibility from both sides of Starkey Road.
    • High traffic counts exceeding 37,000 vehicles per day.
    • Easy access to all areas of Roanoke.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cave Spring
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.986262515497
    Latitude
    37.21805738225

    Nearby Comparable

    • $175,000

      Hunting Hills Multi-Family Land

      3.86 Acres, R3 Zoning, Prime Location
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    • $211,300
      2.12 Acres

      Commercial Land Near Lowe's

      Commercial land for sale near a busy corridor.
      4252 Smt St, Roanoke, VA 24018
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    • $1,350,000
      1.00 Acre

      Franklin Road Office/Retail Opportunity

      Prime commercial land on Franklin Road with high traffic volume.
      4040 Franklin Rd SW, Roanoke, VA 24014
      View Details

    Nearby Similar for Sale

    • $775,000
      6,600 SF

      Cave Spring Office Building

      Prime Medical/Office Space, High Traffic
      3247 Electric Rd, Cave Spring, VA 24018
      View Details
    • $850,000
      5,747 SF

      Cave Spring Retail Investment Opportunity

      Two Fully Leased Buildings, High Traffic Area
      3406 Brambleton Ave, Cave Spring, VA 24018
      View Details

    FAQs

    What type of property is this?
    Land - 9.38 Acres, C1 Zoning, Prime Location
    Where is this land located?
    The property is located at 5028 Starkey Rd Cave Spring, VA.
    What is the asking price?
    The asking price for this property is $2,345,000.
    What are key features of this property?
    This property features: Prime Roanoke County location with excellent accessibility.; High visibility from both sides of Starkey Road.; High traffic counts exceeding 37,000 vehicles per day.
    (540) 855-3647
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    5028 Starkey Rd Cave Spring, VA 24018
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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
    5028 Starkey Rd Cave Spring, VA 24018
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