Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13 Roanoke St Martinsville, VA 24112-3723
    Back to Search
    Property profile & analytics

    13 Roanoke St, Martinsville, VA 24112-3723

    View on Map
    • Warehouses
    • 5,481 SF
    • 0.24 lot acres
    Off-Market
    Last Sale Dec 17, 2021
    $48,000
    Property ID
    US87-2540831
    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

    • A1 Heating & Cooling / HVAC Service / General Contractor

    Property Details for 13 Roanoke St

    Year built
    1926
    Lot size
    0.24 lot acres
    Zone code
    ED-G
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    42 (18 )00 /19C 19D
    APU
    42180019C19D

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 17, 2021 $48,000 Adan Noe Zelaya David Bryant King Warranty Deed —

    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
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.8741
    Latitude
    36.6848
    CBSA code
    32300
    CBSA name
    MARTINSVILLE, VA MICROPOLITAN 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
    2024
    $325
    $5,300
    $27,500
    $32,800
    -
    $5,300
    $27,500
    $32,800

    Comparable in this City

    • Value Estimation by Request
      13,200 SF

      23 Railroad St

      MINI-WAREHOUSE, STORAGE
      23 Railroad St, Martinsville, VA 24112-3721
      View Details
    • Value Estimation by Request
      2,976 SF

      400 Broad St

      MINI-WAREHOUSE, STORAGE
      400 Broad St, Martinsville, VA 24112-3706
      View Details
    • Value Estimation by Request
      6,000 SF

      400 Broad St

      MINI-WAREHOUSE, STORAGE
      400 Broad St, Martinsville, VA 24112-3706
      View Details
    • Value Estimation
      $550,000
      28,000 SF

      200 Sellers St

      MINI-WAREHOUSE, STORAGE
      200 Sellers St, Martinsville, VA 24112-3537
      View Details
    • Value Estimation
      $505,000
      21,900 SF

      900 Fisher St

      MINI-WAREHOUSE, STORAGE
      900 Fisher St, Martinsville, VA 24112-3243
      View Details
    • Value Estimation
      $1,000,000
      63,042 SF

      221 College St

      MINI-WAREHOUSE, STORAGE
      221 College St, Martinsville, VA 24112-3633
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      153,500 SF

      Martinsville Manufacturing/Distribution Facility

      153,500 SF manufacturing/distribution facility on 29.6 acres.
      175 Mehler Ln, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Prime Commercial Land in Martinsville

      Located in the heart of Henry County, near major thoroughfare.
      205 V C Dr, Martinsville, VA 24112
      View Details
    • Contact for pricing
      3,249 SF

      KFC Absolute NNN Lease

      KFC with 15 years remaining on absolute NNN lease.
      18 Tensbury Dr, Martinsville, VA 24112
      View Details
    • $175,000
      Pending

      Freestanding Restaurant with Drive-Thru

      Freestanding fast food restaurant with drive-thru in a retail corridor.
      1706 Virginia Ave, Martinsville, VA 24112
      View Details
    • $480,000
      24,829 SF

      Remodeled Investment Opportunity

      Well-maintained property with established rental history and strong tenant demand.
      612 East Church Street Ext, Martinsville, VA 24112
      View Details
    • Contact for pricing
      Pending

      Martinsville Triplex Opportunity

      Triplex with potential in an attractive neighborhood. Selling as-is.
      106 Moss St, Martinsville, VA 24112
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Martinsville Industrial Warehouses For Rent

      Three industrial warehouses with vacant space available for lease.
      1501 Joseph Martin Hwy, Martinsville, VA 24112
      View Details
    • Contact for pricing
      184,846 SF

      Martinsville Industrial Facility For Rent

      Class B industrial facility with freezer, ideal for manufacturing/distribution.
      229 Hollie Dr, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Warehouse Space with Two Docks

      5,000 SF warehouse space featuring two loading docks.
      90 Tensbury Dr, Martinsville, VA 24112
      View Details
    • Contact for pricing
      250,000 SF

      Industrial Park with Renovated Warehouses

      Industrial park in Martinsville, VA, with renovated warehouse spaces.
      1501 Joseph Martin Hwy, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Secure Fenced Truck Parking Facility

      20-acre fenced facility with easy highway access, divisible for rent.
      900 V C Dr, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Enterprise Zone Flex/Industrial Space

      Flexible industrial and flex space available within an enterprise zone.
      Martinsville, VA 24112
      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.
    13 Roanoke St
    Martinsville, VA 24112-3723
    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
    13 Roanoke St, Martinsville, VA, 24112
    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!