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    OFF-MARKET
    Retail properties & Spaces

    5010 Keagy Rd, Roanoke, VA 24018

    50,000 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Famous Toastery - Keagy Village Restaurant
    • Orangetheory Fitness Gym & Fitness Center
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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