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    Land

    0 Quail Ridge Cir, Cave Spring, VA 24018

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    Property summary
    AI-generated overview

    This exceptional 3.86-acre parcel presents a prime opportunity for multi-family development in the desirable Hunting Hills area of southwest Roanoke County, Virginia. Located at 0 Quail Ridge Cir, Cave Spring, VA 24018 (APN 87.08-06-27.00 et als), this property is conveniently situated near shopping, dining, and recreational amenities. Access is provided via Quail Valley Condominiums and Quail Ridge townhomes. The land comprises two level lots that are fully prepared for immediate construction, eliminating significant upfront development costs. Detailed concept plans are available for the remaining acreage, offering flexibility for various multi-family housing designs. The R3 zoning permits medium-density multi-family development, allowing for the construction of up to 15 units (detached or attached). The property's proximity to the Hunting Hills Country Club, boasting an 18-hole golf course, tennis courts, a swimming pool, and a clubhouse, adds significant value and appeal to potential residents. This is a rare chance to acquire a ready-to-build multi-family site in a highly sought-after location, offering strong potential for a lucrative investment. The asking price for this exceptional property is $175,000.

    Property profile
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    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
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    Permitted uses
    Allowed · conditional · prohibited
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