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    3424 Orange Ave Roanoke, VA 24012

    Sponsored
    For Sale
    $7,325,000

    Retail Center, Roanoke, VA - High Traffic

    Property size:
    52,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 52,700 square foot shopping center in Roanoke, Virginia, presents a compelling investment opportunity. Located on a high-traffic corridor at 3424 Orange Ave NE, Roanoke, VA 24012, this well-maintained property boasts a strong tenant roster including national brands like Verizon, Dunkin’ Donuts, and Dollar Tree, alongside a diverse mix of local businesses such as Big Lick Comics, Los Amigos Bar & Grill, Bratcher’s Ice Cream Parlor, Bounce Roanoke, Lago Pizza, All Season Nail Salon, and Pho Vietnamese Restaurant, and several more. The property offers a 7.00% cap rate and is priced at $7,325,000 ($138.99/sq ft). A significant upgrade was recently completed with the installation of a new video security system in 2023, enhancing security and operational efficiency. The property's prime location and established tenant base provide a stable income stream and significant potential for future growth. Please note that the Wells Fargo outparcel is not included in this sale. This is an excellent opportunity to acquire a well-positioned retail center in a thriving market. Further details are available upon request.

    Property Features for 3424 Orange Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    52,700 SF

    HighLights

    • Strong tenant roster including Verizon.
    • Dunkin' anchored location.
    • Dollar Tree adds significant retail presence.
    • Diverse tenant mix with Big Lick Comics.
    • Los Amigos Bar & Grill contributes to strong food and beverage component.
    • Bratcher's Ice Cream Parlor provides additional retail draw.
    Property Profile Location Intelligence

    Current Use by Public Records

    Iron pump fitness Gym Dunkin' Coffee Shop Los Amigos Bar ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.89294228
    Latitude
    37.30402017

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    FAQs

    What type of property is this?
    Lifestyle center - Retail Center, Roanoke, VA - High Traffic
    Where is this lifestyle center located?
    The property is located at 3424 Orange Ave Roanoke, VA.
    What is the asking price?
    The asking price for this property is $7,325,000.
    What are key features of this property?
    This property features: Strong tenant roster including Verizon.; Dunkin' anchored location.; Dollar Tree adds significant retail presence.
    Request Owner's contact information
    3424 Orange Ave Roanoke, VA 24012
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    Roanoke, VA 24012
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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
    3424 Orange Ave Roanoke, VA 24012
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