0 Elm View Rd, Cave Spring, VA 24018
This exceptional 52.56-acre commercial land parcel presents a remarkable investment opportunity in the heart of Southwest Roanoke County, Virginia. Strategically located near Route 419, this property boasts convenient access to Tanglewood Mall, a variety of shopping and dining options, and proximity to Carilion and Lewis-Gale Hospitals. The property's zoning offers significant flexibility, encompassing R3 (37.34 acres) for medium-density multi-family residential development and C1 and C2C (15.22 acres) for commercial ventures. This diverse zoning allows for a wide range of development possibilities, catering to both residential and commercial needs. The asking price is $3,101,040, translating to a land value of $59,635 per acre. Utilities are readily available, with public water, sewer, and gas services accessible. The property's address is 0 Elm View Rd, Cave Spring, VA 24018. Detailed parcel IDs are available upon request. This prime location and versatile zoning make this a truly exceptional opportunity for investors seeking high-return potential in a thriving area. Don't miss this chance to acquire a significant land holding with immense development possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.