Property profile

18145 Main St Buchanan, VA 24066

OFF-MARKET
Commercial real estate
Property ID
US87-1784087
1.2 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,800-square-foot office building presents a unique investment opportunity in Buchanan, Virginia. Located at 18145 Main St, this two-story, single-tenant property offers a versatile layout ideal for a variety of businesses. Built in 1950, the building features a traditional office design with a mix of private offices and open work areas, catering to diverse operational needs. The main floor encompasses 3,333 square feet, while the second floor provides an additional 2,467 square feet, accessible via a walk-up staircase. The entire 5,800 square feet is currently vacant, providing immediate occupancy for a new tenant. The property's APN is 65(6)C, situated in Botetourt County, VA, zip code 24066. This prime location on Main Street offers excellent visibility and accessibility. The building does not include elevators. This is a rare opportunity to acquire a substantial, well-located office building in a desirable Virginia town. The property's size and layout offer significant potential for customization and adaptation to suit a wide range of business requirements. Its traditional design blends seamlessly with the character of Buchanan, while its vacant status allows for immediate occupancy and tailored renovations. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.2 ac (52,272 SF)
Zoning code T
APN 65(6)C
UPID US87-1784087

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

18145 Main St Buchanan, VA 24066-5555
Buchanan metro Census 40200 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2022
Last sale
$225,000
2 recorded transactions
2022
$225,000
2019
Price N/A

Zoning & alternative use

T · Buchanan, 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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