Property profile

1335 Roanoke St Christiansburg, VA 24073

FOR SALE
Commercial land
Property ID
US87-1784741
2.21 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2.42-acre commercial lot, located at 1335 Roanoke Street in Christiansburg, Virginia (zip code 24073), is offered at $1,100,000. Zoned B3 General Business, this property boasts a prime location on a major thoroughfare leading into Christiansburg from I-81 and the 460 Bypass, ensuring high visibility and traffic counts. The lot is situated near established businesses including O'Reilly Auto Parts, United Muffler, G&H Appliance, the Gateway Shopping Center, and Blue Ridge Church. Public utilities are readily accessible. The property also includes a leased billboard generating $600 per month in passive income. This offering presents a unique opportunity for development. Alternative purchase options exist: a 1-acre parcel for $500,000 or a 1.42-acre parcel (including the billboard) for $800,000. This versatile property is perfect for a variety of commercial ventures. Montgomery County location provides access to a thriving community.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.21 ac (96,224 SF)
Zoning code B3
APN 529- A 9
UPID US87-1784741

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1335 Roanoke St Christiansburg, VA 24073
Christiansburg metro Census 20900 BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Zoning & alternative use

B3 · Christiansburg, VA

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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