3014 Trinkle Ave Roanoke, VA 24012
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High-yield flex warehouse, value-add potential
Property size:
20,156 SFProperty Features for 3014 Trinkle Ave
General Information
- Property type
- Distribution properties
- Square Feet
- 20,156 SF
Listing Agency: Cushman & Wakefield Thalhimer Roanoke Listing Agent: Davis Stoneburner
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This Roanoke, VA industrial property offers a compelling investment opportunity. The 20,156 square foot facility, comprised of two brick buildings on 1.06 acres (four parcels), boasts a strong pro-forma cap rate of 8.21% and a current NOI of $90,269. Built in 1960, the property is currently 75% occupied with leases extending through April 2028, presenting immediate income and the potential for increased revenue by leasing the remaining space. The flexible layout, high ceilings, and adaptable design cater to a variety of tenant needs. Its prime location in Roanoke, VA (3014 Trinkle Ave NW, 24012) provides immediate access to Williamson Road and major transportation routes, enhancing its appeal to both tenants and investors. The asking price is $1,100,000 ($54.57/sq ft). This value-add opportunity allows for significant upside potential through increased occupancy and lease optimization. The property's versatility makes it suitable for owner-occupiers seeking to expand their operations or investors aiming to capitalize on the robust industrial market. The pro-forma NOI is based on 100% occupancy.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Phins Auto Services ...
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Longitude
- -79.9483516
- Latitude
- 37.3096404
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FAQs
What type of property is this?
Distribution property - High-yield flex warehouse, value-add potential
Where is this distribution property located?
The property is located at 3014 Trinkle Ave Roanoke, VA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 20,156 SF industrial property comprised of two brick buildings on 1.06 acres (four parcels).; Built in 1960, currently 75% leased through April 2028.; Prime Roanoke, VA location with immediate access to Williamson Road and major transportation routes.