0 Underhill Ave Roanoke, VA 24014
This exceptional 22.41-acre industrial land parcel presents a rare opportunity in the Southeast Roanoke, VA area. Located on Underhill Ave, zip code 24014, this property boasts I-2 industrial zoning, suitable for a wide range of heavy industry uses. The gently upsloping terrain offers excellent site development potential. The strategic location provides easy access to Interstate I-581, within a couple of miles, ensuring seamless transportation and logistics. Finding comparable heavy industry-zoned land in this area is exceptionally challenging, making this a truly unique investment prospect. The asking price for this significant tract is $1,600,000. Given the scarcity of available industrial land in Roanoke and its prime location, this property represents a compelling investment opportunity for businesses seeking to establish or expand their operations in a thriving industrial hub. The property's size and zoning make it ideal for a variety of industrial projects. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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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.