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Property profile & analytics

2482 Patterson SW Ave Roanoke, VA 24016-2528

  • Industrial properties
  • 9,497 SF
  • 1.56 lot acres
OFF-MARKET
Last Sale
May 27, 2021
$1,138,487
Value Estimations
$1,225,000
Show details
Cap Rate Potential
10%
Industrial properties
Location Intelligence
Property ID
US87-0683724
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Industrial properties

Property Details for 2482 Patterson SW Ave

Year built
1974
Construction
TYPE NOT SPECIFIED
Lot size
1.56 lot acres
Property size
9,497 SF
Zone code
I-2
Property type
Industrial properties
Property subtype
Industrial live-work properties
APN
141-0107
APU
1410107

Description

This fee-simple Roanoke, VA retail property offers a compelling investment opportunity. The 10,730 square foot building, situated on a 1.56-acre lot at 2482 Patterson Ave SW, 24016, is 100% occupied by a Corporate BIMBO Bakeries USA under a Net Lease (NN+) agreement with a corporate guarantee. Built in 1974 and extensively renovated in 2017, the single-story building serves as a regional distribution center. The lease, expiring January 31, 2033, includes a remaining term of 8.2 years with 2% rent bumps every three years and two 5-year lease options. The current NOI is $72,828, yielding a 6.50% cap rate, and the asking price is $1,120,431 ($104.42/sq ft). Landlord responsibilities are limited to specific roof and structural components. The tenant has a termination option for $130,000 within six months prior to January 31, 2028. This property presents a strong, stabilized investment with significant upside potential due to the long-term lease, corporate guarantee, and favorable location between Roanoke and Salem. The property is well-suited for investors seeking a low-maintenance, high-return investment with a strong tenant.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,180,000
    ML approach
    $1,145,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,965,000
    6.5%
    $1,815,000
    7%
    $1,685,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Roanoke
County
Roanoke City
State
Virginia
Longitude
-79.984
Latitude
37.275
CBSA code
40220
CBSA name
ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,086
$95,200
$418,900
$514,100
-
$95,200
$418,900
$514,100
More about this property
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