Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Manning Rd Roanoke, VA 24012
    Back to Search
    Property profile & analytics

    Manning Rd Roanoke, VA 24012

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Manning Rd

    Property type
    Land

    Description

    This exceptional 10.95-acre property in Roanoke, Virginia, presents a remarkable opportunity for residential or multifamily development. Situated on three parcels (APN: 3240316, 3240317, 7170402) with R-5 zoning, this land boasts convenient access to existing utilities, including water and sewer, along Manning Dr. and 20th St. NE. Its prime location near Eastgate Park offers direct access to the Tinker Creek Greenway, enhancing its appeal to residents seeking both convenience and outdoor recreation. The property's proximity to US Route 460 ensures easy access to local amenities and shopping centers, while its adjacency to established single-family and apartment communities positions it perfectly within Roanoke's eastward development path. The site's previous multifamily zoning and its location near Amazon's new facility on Blue Hills Dr. further underscores its development potential. Included in the sale is an additional half-acre parcel fronting Tinker Creek, ideal for supplementary development such as a clubhouse or additional parking. This offering presents a rare chance to create new housing in a high-demand area, with the potential for acquiring additional adjacent residential-zoned land for further expansion. The asking price for this exceptional development opportunity is $750,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.9131
    Latitude
    37.2959

    Comparable in this City

    • Value Estimation by Request
      5.10 Acres

      Orange Ave

      Land • 5.10 Acres
      0 Orange Ave, Roanoke, VA 24012
      View Details
    • Value Estimation by Request
      3.93 Acres

      Orange Ave

      Land • 3.93 Acres
      0 Orange Ave, Roanoke, VA 24012
      View Details
    • Value Estimation by Request
      5.63 Acres

      4548 Bonsack Rd

      Land • 5.63 Acres
      4548 Bonsack Rd, Roanoke, VA 24012
      View Details
    • Value Estimation by Request
      13.31 Acres

      4774 Pioneer Dr

      Land • 13.31 Acres
      4774 Pioneer Dr, Roanoke, VA 24012
      View Details
    • Value Estimation by Request
      1.96 Acres

      3768 Challenger Ave

      Land • 1.96 Acres
      3768 Challenger Ave, Roanoke, VA 24012
      View Details
    • Value Estimation by Request
      20.20 Acres

      Hollins Rd

      Land • 20.20 Acres
      0 Hollins Rd, Roanoke, VA 24012
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Roanoke Land for Sale

      Land available at Valley Gateway Blvd, Roanoke, VA
      3939 Valley Gateway Blvd, Roanoke, VA 24012
      View Details
    • $1,649,655
      27,442 SF

      Multifamily Property with Laundry Facility

      Multifamily property featuring 24 units and onsite laundry.
      1606 Wayne St Northeast, Roanoke, VA 24012
      View Details
    • $350,000
      Pending

      New Construction Duplex in Roanoke

      New construction duplex with modern finishes, ideal for investment.
      703 Bibb St NE, Roanoke, VA 24012
      View Details
    • Contact for pricing
      0.10 Acres

      Residential Lot in Roanoke, VA

      Vacant city lot in a residential neighborhood.
      Varnell Ave NE, Roanoke, VA 24012
      View Details
    • $35,000
      Pending

      Vacant Lot in Roanoke, VA

      Vacant 0.34 acre lot near new houses.
      Huntington Blvd NE, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Prime Commercial Land Near Retail

      13.39 acres on commuter route near major retailers.
      4635 Huntridge Rd, Roanoke, VA 24012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Property For Lease

      Land property available for lease.
      5610 Williamson Rd, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Land for Rent Roanoke

      Land available for rent in Roanoke, Virginia.
      2814 Orange Ave NE, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Commercial Land Lease Opportunity

      0.71 acre commercial land parcel for lease.
      5610 Williamson Rd, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Well-located anchor space in Roanoke's main commercial corridor.
      3419 Orange Ave NE, Roanoke, VA 24012
      View Details
    • Contact for pricing
      10,000 SF

      Industrial Space Available for Rent

      Industrial property with 10000 square feet available for rent.
      725 Drew Ave NE, Roanoke, VA 24012
      View Details
    • Contact for pricing
      1,200 SF

      Restaurant Space in Roanoke

      High-visibility restaurant space available near Roanoke Centre.
      3621 Blue Hills Village Dr NE, Roanoke, VA 24012
      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.
    Manning Rd
    Roanoke, VA 24012
    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
    Manning Rd, Roanoke, VA, 24012
    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!