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Property profile & analytics
FOR SALE
Commercial land

1602 Rutrough Rd SE Roanoke, VA 24014

0.73 ac lot
Entity Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US87-1723585
Property summary
AI-generated overview

This exceptional Midtown South office property at 42 W 38th St offers a diverse range of spaces perfect for various business needs. Located in the vibrant Garment District, this 64,365 square foot building boasts a rich history, having been constructed in 1936, and now provides modern amenities for today's businesses. Multiple tenancy options are available, with six individual spaces currently available, ranging from 1,400 to 2,215 square feet. The building caters to a variety of office styles, including traditional, executive, coworking, medical, and creative office setups, offering flexibility to suit diverse business models. Tenants enjoy convenient 24/7 access with a dedicated doorman, ensuring security and peace of mind. Individual climate control allows for personalized comfort, while abundant natural light creates a welcoming and productive work environment. The building's prime location offers unparalleled accessibility, with easy walking distance to numerous subway lines (A, C, E, N, Q, R, W, S, 4 & 6) and a plethora of bus routes. The surrounding area is brimming with a wide selection of restaurants, bars, and entertainment options, providing employees with a vibrant and convenient work-life balance. This is a truly unique opportunity to secure office space in one of Manhattan's most sought-after locations.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.73 ac (31,594 SF)
Zoning code CG
APN 425-0206
UPID US87-1723585
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cbl Peripheral Properties LP · 15 yrs held
Cbl Peripheral Properties LP
since 2010
1 recorded transaction
2010
Price N/A
Zoning & alternative use
CG · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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