Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    6390 Old Mountain Rd Roanoke, VA 24019

    For Sale
    $975,000

    50 Acres, I-1 Zoning, Below Assessed Value

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 50-acre industrial land parcel in Roanoke County, Virginia, presents a compelling investment opportunity. Located at 6390 Old Mountain Road, zip code 24019, this property boasts a desirable I-1, Light Industrial zoning designation, making it suitable for a variety of industrial uses. The asking price of $975,000 is below the assessed value, representing significant potential for return. The land itself is cleared and gently rolling, offering a build-ready site with convenient access from Old Mountain Road. Public utilities are readily available nearby, simplifying development plans. A key advantage is the property's adjacency to the Norfolk Southern railroad at its northeast boundary, providing excellent transportation infrastructure. Currently enrolled in a land use program, this site offers a streamlined path to development. Strategically located approximately 3.5 miles from Interstate 81 and 4.1 miles from the Blacksburg Roanoke Regional Airport, this property benefits from exceptional access to major transportation arteries. The price per acre is $19,315. Enjoy outstanding views from this well-positioned industrial tract. Don't miss this chance to acquire a prime industrial site in a thriving location.

    Property Features for 6390 Old Mountain Rd

    General Information

    Property type
    Land

    HighLights

    • $975,000 asking price for this industrial land parcel.
    • 50.6 acre industrial land tract in Roanoke County, VA.
    • I‑1 Light Industrial zoning.
    • $19,315 per acre land value; priced below assessed value.
    • Conveniently located near I‑81 and Roanoke‑Blacksburg Regional Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Wholesale Shop Clothing Store Pharmacy Kitchen & Bath Storage Facility HVAC Service Garden Center Electronics Store Daycare Center Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.920869
    Latitude
    37.339896

    Nearby Similar for Sale

    • $2,875,000
      0.20 Acres

      Historic Horton Building For Sale

      Landmark Roanoke building blending early-20th-century craftsmanship and modern functionality.
      302 1St St SW, Roanoke, VA 24011
      View Details
    • $2,875,000
      0.20 Acres

      Historic Horton Building in Roanoke

      Landmark building blending early-20th-century craftsmanship with modern functionality.
      302 1St St SW, Roanoke, VA 24011
      View Details
    • $650,000
      0.30 Acres

      Roanoke Office/Retail Building For Sale

      Office building with subdivision potential and ample parking.
      356 Campbell Ave SW, Roanoke, VA 24016
      View Details
    • $2,100,000
      0.05 Acres

      Updated Building with High-End Finishes

      Extensively updated building with high-end finishes, great views, move-in ready.
      109 Campbell Ave SW, Roanoke, VA 24011
      View Details
    • $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
    • $875,000
      0.05 Acres

      Downtown Roanoke Investment Opportunity

      Two-unit building in vibrant downtown Roanoke with retail and residential.
      22 Campbell Ave SE, Roanoke, VA 24011
      View Details

    FAQs

    What type of property is this?
    Land - 50 Acres, I-1 Zoning, Below Assessed Value
    Where is this land located?
    The property is located at 6390 Old Mountain Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: $975,000 asking price for this industrial land parcel.; 50.6 acre industrial land tract in Roanoke County, VA.; I-1 Light Industrial zoning.
    Request Owner's contact information
    6390 Old Mountain Rd Roanoke, VA 24019
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6390 Old Mountain Rd
    Roanoke, VA 24019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    6390 Old Mountain Rd Roanoke, VA 24019
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.