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Property summary
This exceptional investment opportunity presents a fully leased, mixed-use building situated at 20 S Roanoke St, Fincastle, VA 24090. The 15,000 square foot property, built in 1900 and renovated in 2002, boasts a prime location in downtown Fincastle and is currently 100% occupied. The building comprises a three-story structure with one building and features two residential units located at the parking level. Tenants include the Commonwealth of Virginia and Microharmonics Corp., both credit-rated, under a modified lease type with a remaining term of five years, expiring November 30, 2029. The property's strong financial performance is reflected in its current NOI of $216,978, resulting in a 7.76% cap rate. The stabilized investment offers a compelling pro-forma cap rate of 7.76% and a price per square foot of $186.33. The property is zoned for Town of Fincastle use and has an APN of 73A(1)118&119A. This rare opportunity offers a blend of historical charm and modern functionality, making it an ideal addition to any investment portfolio. The building's strong tenancy and long-term leases provide exceptional stability and predictable cash flow. This is a truly unique opportunity to acquire a high-performing asset in a desirable location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
T · Fincastle, VAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
