Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1335 Roanoke St Christiansburg, VA 24073
    Back to Search
    Property profile & analytics

    1335 Roanoke St Christiansburg, VA 24073

    View on Map
    • Commercial land
    • 2.21 lot acres
    For Sale
    $1,100,000
    View Listing →
    2.42 Acres Commercial Land ForSale For Sale
    $1,100,000
    2.42 Acres

    2.42 Acres Commercial Land ForSale

    2.42 acres commercial land zoned B3, ideal for retail.

    1335 Roanoke St, Christiansburg, VA 24073
    View Listing
    Property ID
    US87-1784741
    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

    • Commercial land

    Property Details for 1335 Roanoke St

    Lot size
    2.21 lot acres
    Zone code
    B3
    Property type
    Commercial land
    APN
    529- A 9
    APU
    529A9

    Description

    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.

    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
    Christiansburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.3831
    Latitude
    37.1328
    CBSA code
    13980
    CBSA name
    BLACKSBURG-CHRISTIANSBURG-RADFORD, 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
    2024
    $29
    $384,900
    $0.00
    $384,900
    -
    $384,900
    $0.00
    $384,900

    Comparable in this City

    • Value Estimation by Request
      0.48 Acres

      725 Radford St

      VACANT COMMERCIAL LAND • 0.48 Acres
      725 Radford St, Christiansburg, VA 24073-3304
      View Details
    • Value Estimation by Request

      Roanoke St

      VACANT COMMERCIAL LAND
      Roanoke St, Christiansburg, VA 24073
      View Details
    • Value Estimation by Request
      0.20 Acres

      Roanoke St

      VACANT COMMERCIAL LAND • 0.20 Acres
      Roanoke St, Christiansburg, VA 24073
      View Details
    • Value Estimation by Request
      0.48 Acres

      1395 Roanoke St

      VACANT COMMERCIAL LAND • 0.48 Acres
      1395 Roanoke St, Christiansburg, VA 24073-3213
      View Details
    • Value Estimation by Request
      0.42 Acres

      1340 Roanoke St

      VACANT COMMERCIAL LAND • 0.42 Acres
      1340 Roanoke St, Christiansburg, VA 24073-3214
      View Details
    • Value Estimation by Request

      710 Roanoke St

      VACANT COMMERCIAL LAND
      710 Roanoke St, Christiansburg, VA 24073-3145
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land Redevelopment Opportunity

      3.71 acres of commercially zoned land in Christiansburg, Virginia.
      510 Roanoke St, Christiansburg, VA 24073
      View Details
    • Contact for pricing

      15.5 Acres Commercial Land Available

      Commercial land in the heart of New River Valley retail.
      2195 N Franklin St, Christiansburg, VA 24073
      View Details
    • Contact for pricing

      Prime Development Land in Christiansburg

      2.456 acres in a thriving commercial neighborhood.
      2890 N Franklin St, Christiansburg, VA 24073
      View Details
    • Contact for pricing

      2.42 Acres Commercial Land ForSale

      2.42 acres commercial land zoned B3, ideal for retail.
      1335 Roanoke St, Christiansburg, VA 24073
      View Details
    • Contact for pricing

      High Visibility Commercial Site

      Corner lot with high traffic, potential for drive-through.
      2 Depot St NE, Christiansburg, VA 24073
      View Details
    • $1,495,000

      Commercial Land with Road Frontage

      7.9 acres of commercial land with high visibility.
      Tbd Brammer Ln, Christiansburg, VA 24073
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,500 SF

      Prime Retail Space for Lease

      1.72 AC outparcel with frontage on Route 460.
      1540-1600 Roanoke St, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      1,149 SF

      Private Office Space Available

      Office suite for lease, convenient location, monument signage.
      155-159 Walters Dr, Christiansburg, VA 24073
      View Details
    • Contact for pricing

      Charming Office Spaces For Rent

      Office spaces for rent near downtown Christiansburg, Virginia.
      300 Pepper St SE, Christiansburg, VA 24073
      View Details
    • Contact for pricing

      Retail Space in Christiansburg, Virginia

      950 SF retail space for lease in Christiansburg, Virginia.
      55 Conston Ave NW, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      1,050 SF

      Regional Shopping Center Space Available

      Retail space in a busy shopping center near universities.
      35-95 Conston Ave, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      35,000 SF

      Regional Shopping Center Retail Space

      Regional shopping center in retail corridor near universities.
      110 Conston Ave NW, Christiansburg, VA 24073
      View Details
    View Listing
    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.
    1335 Roanoke St
    Christiansburg, VA 24073
    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
    1335 Roanoke St, Christiansburg, VA, 24073
    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!