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    5127 Crumpacker Dr Roanoke, VA 24019

    Sponsored
    For Sale
    $650,000

    10+ Acres, Prime Roanoke Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 10.36-acre commercial development site in Roanoke, Virginia, presents a compelling investment opportunity. Located at 5127 Crumpacker Dr, zip code 24019, this property boasts excellent road frontage and visibility, ensuring high traffic counts. Its strategic location offers easy access to major thoroughfares like Highway 460 and I-81, providing convenient connectivity to Roanoke County and Botetourt County. The land is priced at $650,000, translating to $1.44 per square foot. The site's significant appeal is further enhanced by its proximity to one of the area's largest residential developments, featuring over 600 homes. This established residential presence, coupled with the immediate adjacency to a Walmart Supercenter and a Lowe's hardware store, guarantees a substantial existing customer base and high foot traffic. The property's zoning allows for multifamily development, making it ideal for a variety of commercial ventures. This is a rare opportunity to acquire a large, well-situated parcel of land in a thriving area with significant development potential. The property is ready for immediate development, offering a unique chance to capitalize on the area's growth and strong market demand.

    Property Features for 5127 Crumpacker Dr

    General Information

    Property type
    Land
    Lot Size
    451,282 SF

    HighLights

    • High‑traffic location.
    • Excellent neighborhood accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.873876
    Latitude
    37.331241

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    FAQs

    What type of property is this?
    Land - 10+ Acres, Prime Roanoke Location
    Where is this land located?
    The property is located at 5127 Crumpacker Dr Roanoke, VA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: High-traffic location.; Excellent neighborhood accessibility.;
    Request Owner's contact information
    5127 Crumpacker Dr Roanoke, VA 24019
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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
    5127 Crumpacker Dr Roanoke, VA 24019
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