Property profile

0 Orange Ave Roanoke, VA 24012

OFF-MARKET
Land
5.1 ac lot
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Property summary

AI-generated overview

This exceptional 5.1-acre site, located in Roanoke, Virginia's vibrant 3500 block of Orange Avenue NE, presents a compelling development opportunity. Situated in a thriving retail and commercial corridor, this property boasts an enviable location near the Roanoke Centre for Industry & Technology (RCIT), home to numerous leading companies including Amazon, Advance Auto Parts, and others. The high-traffic area sees approximately 38,000 vehicles daily, ensuring excellent visibility and accessibility for any development. The property is zoned RM-2, allowing for a mix of residential and commercial uses, providing flexibility for a variety of development plans. This presents a unique chance to capitalize on the area's growth, particularly given the recent approval of a large 758-unit apartment complex nearby. The property's 5.1-acre size offers significant potential for a substantial project. An adjoining 3.93-acre site is also available for purchase, expanding the development possibilities even further. The property's address is Orange Ave NE, Roanoke, VA 24012, and the APN is 7110102. The asking price for this exceptional development opportunity is $650,000.

Property profile

Verified
Property type Land
Lot 5.1 ac (222,156 SF)

Cap rate & NOI

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

Location

Orange Ave Roanoke, VA 24012
Roanoke metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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