Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    126 Blue Rdg Blvd Roanoke, VA 24012-8940
    Property profile & analytics

    126 Blue Rdg Blvd, Roanoke, VA 24012-8940

    View on Map
    • Commercial real estate
    • 1.32 lot acres
    Off-Market
    Last Sale Sep 13, 2022
    $290,000
    Property ID
    US87-1733164
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Todd Selkirk - State Farm Insurance Agent / Insurance Agency

    Property Details for 126 Blue Rdg Blvd

    Lot size
    1.32 lot acres
    Zone code
    A1
    Property type
    Commercial real estate
    APN
    112-6A
    APU
    1126A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 13, 2022 $290,000 Totalas Properties Of Va LLC First Bank Warranty Deed $232k · First Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.8638
    Latitude
    37.3299
    CBSA code
    40220
    CBSA name
    ROANOKE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $171,900
    $212,600
    $384,500
    -
    $171,900
    $212,600
    $384,500

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      805 Blue Rdg Blvd

      COMMERCIAL (GENERAL)
      805 Blue Rdg Blvd, Roanoke, VA 24012-8986
      View Details
    • Value Estimation by Request
      6.94 Acres

      108 Coyner Spgs Rd

      COMMERCIAL (GENERAL)
      108 Coyner Spgs Rd, Roanoke, VA 24012-9037
      View Details
    • Value Estimation by Request
      1,688 SF

      5335 Airport NW Rd

      COMMERCIAL (GENERAL)
      5335 Airport NW Rd, Roanoke, VA 24012-1301
      View Details
    • Value Estimation by Request
      1.42 Acres

      72 Executive Cir

      COMMERCIAL (GENERAL)
      72 Executive Cir, Roanoke, VA 24012-8939
      View Details
    • Value Estimation by Request
      4,026 SF

      6000 Williamson Rd

      COMMERCIAL (GENERAL)
      6000 Williamson Rd, Roanoke, VA 24012-1246
      View Details
    • Value Estimation by Request
      3.93 Acres

      Orange Ave

      Land
      0 Orange Ave, Roanoke, VA 24012
      View Details

    Similar Nearby for Sale

    • $750,000

      Industrial Property Near Statesman Park

      Industrial-zoned property with high traffic count and convenient location.
      2945 Orange Ave NE, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Medical/Office Building Near Valley View

      60,055 RSF medical/office building adjacent to Valley View Mall.
      4910 Valley View Blvd Northwest, Roanoke, VA 24012
      View Details
    • Contact for pricing
      19,065 SF

      Roanoke Showroom and Manufacturing Facility

      Showroom and manufacturing facility in Roanoke, Virginia.
      Shenandoah Valley Ave NE, Roanoke, VA 24012
      View Details
    • $850,000

      9.56 Acre Industrial Corner Site

      Industrial site with road frontage and easy highway access.
      1270/1272 Rockland Ave Northwest, Roanoke, VA 24012
      View Details
    • Contact for pricing
      8,000 SF

      Williamson Road Office Building

      Office building with frontage on Williamson Road and existing leases.
      5423 Williamson Rd, Roanoke, VA 24012
      View Details
    • $1,649,655
      27,442 SF

      Multifamily Property with Laundry Facility

      Multifamily property featuring 24 units and onsite laundry.
      1606 Wayne St Northeast, Roanoke, VA 24012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,724 SF

      Conveniently Located Flex/Office Space

      Flex/Office space with laydown yard and easy transportation access.
      1301 Rockland Ave NW, Roanoke, VA 24012
      View Details
    • Contact for pricing
      9,259 SF

      Automotive Property on Williamson Road

      Automotive property built in 1965, continuously operated since.
      2002 Williamson Rd NE, Roanoke, VA 24012
      View Details
    • Contact for pricing
      50,000 SF

      Roanoke Warehouse Space Available

      50,000 SF warehouse with dock and ramp for lease.
      1713 Plantation Rd NE, Roanoke, VA 24012
      View Details
    • Contact for pricing
      4,140 SF

      Roanoke Warehouse Space Available

      Warehouse space for rent in Roanoke, approximately 4,140 square feet.
      142 Noble Ave NE, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Roanoke Commercial Property For Rent

      Commercial property available for rent in Roanoke, Virginia.
      1512 Plantation Rd, Roanoke, VA 24012
      View Details
    • Contact for pricing
      3,000 SF

      Medical/Professional Office Space Available

      3,000 SF medical/professional office space for lease.
      375 Hershberger Rd, Roanoke, VA 24012
      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.
    126 Blue Rdg Blvd
    Roanoke, VA 24012-8940
    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

    Thank You for Inquiry
    126 Blue Rdg Blvd, Roanoke, VA, 24012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!