Property profile

3810 Tall Pne Ln Roanoke, VA 24014

OFF-MARKET
Land
59.34 ac lot
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Property summary

AI-generated overview

Exceptional opportunity to acquire a 59.34-acre residential land development in Roanoke County, Virginia. This turnkey project boasts 27 developed lots ready for construction, featuring a minimum building size of 2,500 square feet. The property includes 22.3 acres of common area, highlighted by a picturesque 1.75-acre pond, a historic covered bridge, and a mill house. All private streets are complete, and underground electric utilities are installed for lots 1-8 and 34. A Property Owners Association will maintain the common areas, ensuring long-term value. Located in the desirable Mount Pleasant area, this development offers proximity to the Ballyhack Golf Club, downtown Roanoke, and Smith Mountain Lake. The project is zoned AG-3 and has an asking price of $650,000. Projected monthly HOA dues are $166. The APN is 89.02-02-02. This is a rare opportunity to capitalize on a well-planned, high-end residential community in a prime location. The property's unique features and convenient location make it an attractive investment for developers seeking a high-return project. The existing infrastructure significantly reduces development time and costs, making this an ideal opportunity for immediate development and return.

Property profile

Verified
Property type Land
Lot 59.34 ac (2,584,850 SF)

Cap rate & NOI

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

Location

3810 Tall Pne Ln Roanoke, VA 24014
Roanoke metro
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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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