Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commons Pkwy Daleville, VA 24083
    Back to Search
    Property profile & analytics

    Commons Pkwy, Daleville, VA 24083

    View on Map
    • Office Spaces
    • 0.92 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 0 Commons Pkwy

    Lot size
    0.92 lot acres
    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional 0.918-acre parcel of land presents a unique opportunity for development in the thriving Daleville, Virginia market. Located at Botetourt Commons, this pad-ready site boasts completed site work, including a level building pad, a finished parking lot, storm drainage infrastructure, and readily available sewer and water connections. Other utilities are conveniently located on neighboring lots. The property's prime location offers unparalleled access to a vibrant commercial environment. Botetourt Commons, a Kroger-anchored shopping center, is within walking distance, featuring a diverse range of tenants such as Mill Mountain Coffee, Virginia ABC, Goodwill, and Three Little Pigs BBQ. Additional nearby amenities include Kroger Fuel, Wendy's, Bojangles, and First Citizens Bank. For those seeking outdoor recreation, the Appalachian Trail is also conveniently accessible. The seller is offering a build-to-suit option, providing flexibility and customization for the ideal development. This property is situated in Botetourt County, Virginia, with the address listed as 0 Commons Parkway, Daleville, VA 24083. The property's APN is 101-44P. The asking price for this exceptional development opportunity is $350,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Daleville
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.9119
    Latitude
    37.3941

    Comparable in this City

    • Value Estimation by Request
      1.13 Acres

      00 Commons Pkwy

      Land
      00 Commons Pkwy, Daleville, VA 24083
      View Details
    • Value Estimation by Request
      7,350 SF

      100 Market Center Way

      Restaurants
      100 Market Center Way, Daleville, VA 24083
      View Details
    • Value Estimation by Request
      10,080 SF

      1540 Roanoke Rd

      Churches & religious facilities
      1540 Roanoke Rd, Daleville, VA 24083
      View Details
    • Value Estimation by Request

      412 Tinker Mountain Rd

      Land
      412 Tinker Mountain Rd, Daleville, VA 24083
      View Details
    • Value Estimation by Request
      10.00 Acres

      91 Town Center St

      Multifamily properties
      91 Town Center St, Daleville, VA 24083
      View Details
    • Value Estimation by Request
      3.84 Acres

      3828 Roanoke Rd

      Land
      3828 Roanoke Rd, Daleville, VA 24083
      View Details

    Similar Nearby for Sale

    • $625,000

      10 Acre Corner Parcel in Daleville

      10 acre parcel at corner of Country Club Rd and Hwy 220.
      Country Club Rd, Daleville, VA 24083
      View Details
    • $145,000
      0.76 Acres

      Residential Lot in Ashley Plantation

      Residential building lot in Daleville's desirable Ashley Plantation.
      117 Jackson Dr, Daleville, VA 24083
      View Details
    • $82,000
      0.48 Acres

      Daleville Land with Mountain Views

      Buildable lot with mountain and golf course views.
      Graystone Dr, Daleville, VA 24083
      View Details
    • Contact for pricing

      Daleville Lot Zoned B-2

      Commercial lot in Daleville with utilities available for sale.
      Wendover Rd, Daleville, VA 24083
      View Details
    • $145,000
      0.77 Acres

      Residential Lot in Daleville, VA

      Residential building lot available in Daleville, Virginia.
      137 Jackson Dr, Daleville, VA 24083
      View Details
    • Contact for pricing

      Multi-Use Acreage For Development

      Multi-use acreage available for development in Daleville town center.
      180 Broad St, Daleville, VA 24083
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Daleville Mixed-Use Property For Lease

      Mixed-use property with retail, office, and residential spaces available.
      5016 Roanoke Rd, Daleville, VA 24083
      View Details
    • Contact for pricing

      Class A Commercial Space

      7,214 SF of modern commercial space for lease.
      90 Town Center St, Daleville, VA 24083
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space For Lease

      Retail space available for lease in Daleville, Virginia.
      110 Market Center Way, Daleville, VA 24083
      View Details
    • Contact for pricing
      1,543 SF

      Retail Space in Daleville Center

      Retail space available in Food Lion anchored shopping center.
      Market Center Way, Daleville, VA 24083
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Commons Pkwy
    Daleville, VA 24083
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Commons Pkwy, Daleville, VA, 24083
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!