2482 Patterson SW Ave Roanoke, VA 24016-2528
Property profile & analytics
2482 Patterson SW Ave Roanoke, VA 24016-2528
- Industrial properties
- 9,497 SF
- 1.56 lot acres
Property ID
US87-0683724
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.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 2482 Patterson SW Ave
- Year built
- 1974
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.56 lot acres
- Property size
- 9,497 SF
- Zone code
- I-2
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 141-0107
- APU
- 1410107
Description
This fee-simple Roanoke, VA retail property offers a compelling investment opportunity. The 10,730 square foot building, situated on a 1.56-acre lot at 2482 Patterson Ave SW, 24016, is 100% occupied by a Corporate BIMBO Bakeries USA under a Net Lease (NN+) agreement with a corporate guarantee. Built in 1974 and extensively renovated in 2017, the single-story building serves as a regional distribution center. The lease, expiring January 31, 2033, includes a remaining term of 8.2 years with 2% rent bumps every three years and two 5-year lease options. The current NOI is $72,828, yielding a 6.50% cap rate, and the asking price is $1,120,431 ($104.42/sq ft). Landlord responsibilities are limited to specific roof and structural components. The tenant has a termination option for $130,000 within six months prior to January 31, 2028. This property presents a strong, stabilized investment with significant upside potential due to the long-term lease, corporate guarantee, and favorable location between Roanoke and Salem. The property is well-suited for investors seeking a low-maintenance, high-return investment with a strong tenant.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,180,000
- ML approach
- $1,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $700,000
Market price range: $444k - $1.58M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,005,000 Current use
- MEDICAL BUILDING
- $1,880,000 Change: +87% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke City
- State
- Virginia
- Longitude
- -79.984
- Latitude
- 37.275
- CBSA code
- 40220
- CBSA name
- ROANOKE, 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
$8,086
$95,200
$418,900
$514,100
-
$95,200
$418,900
$514,100
