Property profile

4004 Challender Ave Roanoke, VA 24012

OFF-MARKET
Land
5.12 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 5.12-acre commercial land parcel in Roanoke, Virginia, presents a unique investment opportunity. Located at 4004 Challender Ave, zip code 24012, this property boasts significant frontage of over 550 feet and is conveniently situated near a traffic light, ensuring high visibility and accessibility. The zoning offers versatile development potential. 1.41 acres are zoned C-1, ideal for office development, while the remaining 3.71 acres are zoned R-3, perfect for multifamily residential projects. This strategic zoning allows for mixed-use development possibilities, maximizing return on investment. Public water is readily available at the street frontage, and public sewer access is conveniently located nearby. The property's location in Roanoke, VA, offers access to a thriving local economy and a growing population. With its substantial size, prime location, and flexible zoning, this land parcel is an excellent choice for developers seeking a high-impact project. The asking price is $850,000. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.

Property profile

Verified
Property type Land
Lot 5.12 ac (223,027 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4004 Challender Ave Roanoke, VA 24012
Roanoke metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4004 Challender Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
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