Technical
Financial
Distress signals
Property profile

1016 Hershberger NW Rd Roanoke, VA 24012

OFF-MARKET
Industrial properties
Property ID
US87-0835981
2,420 SF 0.54 ac lot Built 1968
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 2,420 SF
Lot 0.54 ac (23,383 SF)
Zoning code CG
APN 217-0158
UPID US87-0835981

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
  • Restaurant
  • Take-out & Catering

Location

1016 Hershberger NW Rd Roanoke, VA 24012-2338
Roanoke metro Census 400 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2025
Last sale
$490,000
5 recorded transactions
2025
$490,000
2025
Price N/A
2023
Price N/A
2021
$390,000
2014
Price N/A

Zoning & alternative use

CG · Roanoke, VA
Zoning description

gross floor area. These are permitted by right in CG, CLS, D, IN, ROS, and UF districts. Regional housing services continue to be very restricted, permitted only in the INPUD district with a special exception. 6. Ensure…

General category COMMERCIAL

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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