3014 Trinkle Ave Roanoke, VA 24012
- Industrial properties
- 7,200 SF
- 0.41 lot acres
Current Use by Public Records
- Phins Auto Services Inc / Auto Repair Shop
Property Details for 3014 Trinkle Ave
- Year built
- 1953
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.41 lot acres
- Property size
- 7,200 SF
- Zone code
- CN
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 210-0112
- APU
- 2100112
Description
This Roanoke, VA industrial property offers a compelling investment opportunity. The 20,156 square foot facility, comprised of two brick buildings on 1.06 acres (four parcels), boasts a strong pro-forma cap rate of 8.21% and a current NOI of $90,269. Built in 1960, the property is currently 75% occupied with leases extending through April 2028, presenting immediate income and the potential for increased revenue by leasing the remaining space. The flexible layout, high ceilings, and adaptable design cater to a variety of tenant needs. Its prime location in Roanoke, VA (3014 Trinkle Ave NW, 24012) provides immediate access to Williamson Road and major transportation routes, enhancing its appeal to both tenants and investors. The asking price is $1,100,000 ($54.57/sq ft). This value-add opportunity allows for significant upside potential through increased occupancy and lease optimization. The property's versatility makes it suitable for owner-occupiers seeking to expand their operations or investors aiming to capitalize on the robust industrial market. The pro-forma NOI is based on 100% occupancy.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke City
- State
- Virginia
- Longitude
- -79.9484
- Latitude
- 37.3097
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
