Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7518 Plantation Rd Hollins, VA 24019

    • Land
    • 1.97 lot acres
    For Sale
    View listing
    $1,095,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7518 Plantation Rd

    Lot size
    1.97 lot acres
    Property type
    Land

    Description

    This exceptional 1.97-acre commercial land parcel in Hollins, Virginia, presents a unique investment opportunity. Priced at $1,095,000 ($556,000/acre), the property is zoned I-1, offering considerable flexibility for development. The seller is open to building-to-suit options, accommodating up to approximately 15,000 square feet of space. Ideal for a variety of uses, including retail, office, medical, or industrial projects. Potential tenants could include warehouses, showrooms, auto/gas stations, convenience stores, restaurants, daycare centers, financial institutions, medical facilities, or equipment sales businesses. This strategically located site enjoys convenient access to I-81, ensuring high visibility and easy accessibility for customers and employees. The property's address is 7518 Plantation Rd, Hollins, VA 24019, within Roanoke County. This is a rare chance to acquire a versatile commercial lot in a thriving area, perfect for owner-occupancy or investment purposes. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hollins
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.9531
    Latitude
    37.3509

    Comparable in this City

    • Value Estimation by Request

      2941 Peters Creek Rd

      Land
      2941 Peters Creek Rd, Roanoke, VA 24019
      View Details
    • Value Estimation by Request
      10.49 Acres

      Crumpacker Dr

      Land • 10.49 Acres
      0 Crumpacker Dr, Roanoke, VA 24019
      View Details
    • Value Estimation by Request
      10.65 Acres

      Cloverdale Rd

      Land • 10.65 Acres
      0 Cloverdale Rd, Roanoke, VA 24019
      View Details
    • Value Estimation by Request
      10.49 Acres

      Crumpacker Dr

      Land • 10.49 Acres
      0 Crumpacker Dr, Roanoke, VA 24019
      View Details
    • Value Estimation by Request
      10.36 Acres

      5127 Crumpacker Dr

      Land • 10.36 Acres
      5127 Crumpacker Dr, Roanoke, VA 24019
      View Details
    • Value Estimation by Request
      15.20 Acres

      1400 State Rte

      Land • 15.20 Acres
      1400 State Rte, Roanoke, VA 24019
      View Details

    Similar Nearby for Sale

    • $275,000
      10.65 Acres

      Roanoke Commercial Land - 10.65 Acres

      Prime Roanoke development land, high traffic, flat parcel.
      0 Cloverdale Rd, Roanoke, VA 24019
      View Details
    • $1,095,000
      1.97 Acres

      Prime Hollins Commercial Land

      1.97 Acres, Build-to-Suit Options
      7518 Plantation Rd, Hollins, VA 24019
      View Details
    • $1,999,950
      10.49 Acres

      Roanoke Commercial Land Development

      10.49 Acres, C1 Zoning, Walmart Adjacent
      0 Crumpacker Dr, Roanoke, VA 24019
      View Details
    • $275,000
      10.65 Acres

      Botetourt County Development Land

      10.65 Acres, Multifamily Potential, VA
      6767 Cloverdale Rd, Roanoke, VA 24019
      View Details
    • $1,999,950
      10.49 Acres

      Walmart Adjacent Development Land

      10.49 Acres, C1 Zoning, High Visibility
      0 Crumpacker Dr, Roanoke, VA 24019
      View Details
    • $650,000
      10.36 Acres

      Bonsack Commercial Land Development

      10+ Acres, Prime Roanoke Location
      5127 Crumpacker Dr, Roanoke, VA 24019
      View Details

    Similar Nearby for Lease

    • $19,800 /Mo
      85,813 SF

      Roanoke Commercial Land - 2 Acres

      Prime Peters Creek Road location, near I-581.
      2941 Peters Creek Rd, Roanoke, VA 24019
      View Details
    • $13 SF/Yr
      3,037 SF

      Woodhaven Office Park: Prime Roanoke Space

      Class A Office Suites, North Roanoke, VA
      5430 Peters Crk Rd, Hollins, VA 24019
      View Details
    • $13 SF/Yr
      1,834 SF

      Roanoke Office Space For Rent

      Office space for rent with easy access to highways.
      6711 Peters Creek Rd, Roanoke, VA 24019
      View Details
    • Contact for pricing
      3,800 SF

      Roanoke County Office Space Available

      Office suites for lease on Electric Road with ample parking.
      7535 Williamson Rd, Roanoke, VA 24019
      View Details
    • Contact for pricing
      27,500 SF

      Roanoke Warehouse with Recent Upgrades

      27,500 sq ft warehouse with convenient Interstate 81 access.
      7703 Enon Dr, Roanoke, VA 24019
      View Details
    • $14 SF/Yr
      19,680 SF

      Hollins Office Space Available

      Premium Office Suites in Roanoke Valley
      5251 Concourse Dr, Hollins, VA 24019
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7518 Plantation Rd
    Hollins, VA 24019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.