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    5028 Starkey Rd Cave Spring, VA 24018

    • Commercial real estate
    • 9.38 lot acres
    For Sale
    View listing
    $2,345,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-0988441
    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

    • Commercial real estate

    Property Details for 5028 Starkey Rd

    Lot size
    9.38 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 9.38-acre commercial land parcel, located at 5028 Starkey Rd, Cave Spring, VA 24018, presents a unique development opportunity. Zoned C-1, it allows for retail, industrial, or multifamily projects. Boasting a prime location minutes from Tanglewood Mall and Electric Road, the property benefits from exceptional visibility and accessibility. With 37,000 vehicles daily on Electric Road and 12,000 on Starkey Road, this site offers high traffic counts and excellent exposure. The surrounding area features a strong demographic profile, with an average household income exceeding $88,745 within a one-mile radius. This easily accessible site is surrounded by one of Roanoke's highest-income areas, making it an attractive investment for developers seeking a high-traffic, high-visibility location in Roanoke County. The asking price is $2,345,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cave Spring
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.986262515497
    Latitude
    37.21805738225

    Comparable in this City

    • Contact for pricing

      High Profile Corner Commercial Land

      1.39 acre corner lot in Roanoke, C-1 zoning.
      SE Cor Of Brambleton Ave & Ranchcrest Dr, Cave Spring, VA 24018
      View Details
    • $160,000
      Pending

      Residential Lot with Golf Views

      0.75-acre lot in Hunting Hills with golf course views.
      4946 Buckhorn Rd, Roanoke, VA 24018
      View Details
    • $45,600
      0.81 Acres

      Roanoke Land Parcel For Sale

      0.81 acre lot approved for septic and utilities.
      7248 Carriage Hills Dr, Roanoke, VA 24018
      View Details
    • $45,600
      0.91 Acres

      Roanoke Residential Land For Sale

      0.91 acre residential lot approved for septic and utilities.
      7232 Carriage Hills Dr, Roanoke, VA 24018
      View Details
    • $175,000

      Hunting Hills Multi-Family Land

      3.86 Acres, R3 Zoning, Prime Location
      0 Quail Rdg Cir, Cave Spring, VA 24018
      View Details
    • $449,000

      Commercial Land Near High Traffic

      1.15 acre commercial land near Peters Creek Road.
      3771 Peters Creek Road Ext SW, Roanoke, VA 24018
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High Profile Corner Commercial Land

      1.39 acre corner lot in Roanoke, C-1 zoning.
      SE Cor Of Brambleton Ave & Ranchcrest Dr, Cave Spring, VA 24018
      View Details
    • $160,000
      Pending

      Residential Lot with Golf Views

      0.75-acre lot in Hunting Hills with golf course views.
      4946 Buckhorn Rd, Roanoke, VA 24018
      View Details
    • $45,600
      0.81 Acres

      Roanoke Land Parcel For Sale

      0.81 acre lot approved for septic and utilities.
      7248 Carriage Hills Dr, Roanoke, VA 24018
      View Details
    • $45,600
      0.91 Acres

      Roanoke Residential Land For Sale

      0.91 acre residential lot approved for septic and utilities.
      7232 Carriage Hills Dr, Roanoke, VA 24018
      View Details
    • $175,000

      Hunting Hills Multi-Family Land

      3.86 Acres, R3 Zoning, Prime Location
      0 Quail Rdg Cir, Cave Spring, VA 24018
      View Details
    • $449,000

      Commercial Land Near High Traffic

      1.15 acre commercial land near Peters Creek Road.
      3771 Peters Creek Road Ext SW, Roanoke, VA 24018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Prime Commercial Land, Brandon Ave

      Build-to-Suit Opportunity: 0.7 Acres
      3440 Brandon Ave, Roanoke, VA 24018
      View Details
    • Contact for pricing
      80,163 SF

      Southwest Plaza Retail Center

      Roanoke, VA Strip Center - 8 Spaces Available
      2022 Electric Rd, Roanoke, VA 24018
      View Details
    • $18 SF/Yr
      2,900 SF

      Cave Spring Medical Office Space

      2,900 sq ft Single-Tenant Medical Office
      4097 Electric Rd, Cave Spring, VA 24018
      View Details
    • $16 SF/Yr
      139,791 SF

      Prime Roanoke Office Space

      139K SF Office Building, 10K+ SF Vacant
      1325 Electric Rd, Cave Spring, VA 24018
      View Details
    • $15 SF/Yr
      4,151 SF

      Prime Cave Spring Office Space

      2,200 SF Executive Office Available
      5604 Starkey Rd, Cave Spring, VA 24018
      View Details
    • $14 SF/Yr
      1,290 SF

      Office Building on Electric Road

      Office building for lease on Electric Road with ample parking.
      2727 Electric Rd, Roanoke, VA 24018
      View Details
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    5028 Starkey Rd
    Cave Spring, VA 24018
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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
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