Property profile

5010 Keagy Rd Roanoke, VA 24018

OFF-MARKET
Retail properties & Spaces
50,000 SF
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Property summary

AI-generated overview

Keagy Village, located at 5010 Keagy Rd SW in Cave Spring, Virginia (zip code 24018), offers a unique opportunity for retail businesses seeking a prominent location in Roanoke County. This Class C retail property boasts a total of 50,000 square feet, with the entire space currently vacant and available for lease. The property is situated on a high-traffic retail corridor, Electric Road (Route 419), experiencing 26,000 vehicles per day, ensuring high visibility and accessibility for potential customers. The flexible space allows for tenants requiring anywhere from 800 square feet to the entire 50,000 square feet. A prominent end-cap space with outdoor seating is available, ideal for restaurants or businesses requiring high visibility. An anchor pad is also available for a large-scale tenant. The location benefits from strong household incomes within 1, 3, and 5 miles, and is in close proximity to major employers and daytime traffic generators, including the regional Lewis Gale Medical Center. Potential exists for monument or directional signage to further enhance visibility and brand recognition. This is an exceptional opportunity to establish a strong retail presence in a thriving area of Roanoke County. The property is a single-tenant space.

Property profile

Verified
Property type Retail properties & Spaces
Total area 50,000 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Gym & Fitness Center

Location

5010 Keagy Rd Roanoke, VA 24018
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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