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    3014 Trinkle Ave Roanoke, VA 24012

    Sponsored
    For Sale
    $1,100,000

    High-yield flex warehouse, value-add potential

    Property size:
    20,156 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 3014 Trinkle Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    20,156 SF

    HighLights

    • 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.
    • Strong pro‑forma cap rate of 8.21% and current NOI of $90,269; asking price $1,100,000 ($54.57/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Phins Auto Services ... Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -79.9483516
    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.
    Request Owner's contact information
    3014 Trinkle 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
    3014 Trinkle Ave Roanoke, VA 24012
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