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    3731 Shenandoah Ave Roanoke, VA 24017

    Sponsored
    For Sale
    $400,000

    Prime Roanoke land, R-7 zoning, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 5.17-acre property, located at 3731 Shenandoah Ave NW, Roanoke, VA 24017, presents a unique investment opportunity. Comprising four city tax parcels (APN: 2730216, 2730219, 2730220, 2730221), this land boasts significant frontage on both Shenandoah Avenue and Old Stevens Road NW. Currently zoned R-7, the property offers considerable flexibility for residential development. The land itself is largely cleared and level, simplifying development plans. Conveniently located less than a mile from the intersection of Peters Creek Road, this site benefits from readily available water and sewer services along Shenandoah Avenue. The asking price is $400,000, translating to approximately $77,370 per acre. The property is being sold "as is, where is," providing an opportunity for buyers to realize their vision. Given its size, zoning, and location, this parcel presents strong commercial potential in addition to residential uses. This is a rare opportunity to acquire a substantial, well-situated parcel in a growing area of Roanoke.

    Property Features for 3731 Shenandoah Ave

    General Information

    Property type
    Land
    Lot Size
    225,205 SF

    HighLights

    • 5.17‑acre lot at 3731 Shenandoah Ave NW, Roanoke, VA 24017.
    • Four tax parcels (APN: 2730216, 2730219, 2730220, 2730221) with significant frontage on Shenandoah Ave and Old Stevens Rd NW.
    • R‑7 zoning allows for residential development, with potential for commercial use.
    • Level, cleared land simplifies development.
    • Located less than one mile from Peters Creek Road, with readily available water and sewer.
    • Asking price: $400,000 ($77,370/acre). "As‑is" sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -80.001033
    Latitude
    37.281453

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    FAQs

    What type of property is this?
    Land - Prime Roanoke land, R-7 zoning, development potential.
    Where is this land located?
    The property is located at 3731 Shenandoah Ave Roanoke, VA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 5.17-acre lot at 3731 Shenandoah Ave NW, Roanoke, VA 24017.; Four tax parcels (APN: 2730216, 2730219, 2730220, 2730221) with significant frontage on Shenandoah Ave and Old Stevens Rd NW.; R-7 zoning allows for residential development, with potential for commercial use.
    (540) 857-5858
    Request Owner's contact information
    3731 Shenandoah Ave 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
    3731 Shenandoah Ave Roanoke, VA 24017
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