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Property profile & analytics
OFF-MARKET
Land

2941 Peters Creek Rd Roanoke, VA 24019

Property ID
Property summary
AI-generated overview

This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Roanoke, Virginia. Strategically located at 2941 Peters Creek Road, this property boasts excellent visibility and accessibility, directly fronting a major north-south thoroughfare. Its proximity to Interstate 581 ensures convenient access to regional transportation networks. The lot is situated adjacent to the recently constructed CarMax location, benefiting from the established commercial presence in the immediate vicinity. The property's zoning is currently designated CG(c), a classification established in 1995. The previous use of the land was for manufactured home sales, offering potential for a variety of commercial developments. This single-tenant property presents a blank canvas for developers seeking a high-traffic location with significant growth potential. The site's size and location make it ideal for a range of commercial ventures, capitalizing on the strong commercial activity along Peters Creek Road and the easy access to I-581. Detailed zoning information and development possibilities are available upon request. This is a rare opportunity to acquire a prominent commercial land parcel in a thriving Roanoke location.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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