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    3422 Ogden Rd Cave Spring, VA 24018
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    3422 Ogden Rd Cave Spring, VA 24018

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    • Commercial real estate
    Off-Market
    Property ID
    US87-1009596
    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 real estate

    Property Details for 3422 Ogden Rd

    Property type
    Commercial real estate

    Description

    This exceptional .8-acre commercial lot presents a unique investment opportunity in desirable Southwest Roanoke County, Virginia. Located at 3422 Ogden Road, Cave Spring, VA 24018, this property is zoned C-1, allowing for a variety of commercial development possibilities. Its strategic location offers unparalleled convenience and accessibility. The lot sits directly across from Woodland Hills and is in close proximity to Tanglewood Mall, numerous medical facilities, and a Roanoke City bus route, ensuring high visibility and easy access for potential businesses and employees. The asking price for this prime piece of land is $75,000. This represents a significant opportunity to acquire a buildable lot in a thriving area with strong potential for future growth and return on investment. The property's address is 3422 Ogden Road, and its convenient location near major amenities makes it an attractive option for developers and investors alike. Don't miss this chance to secure a valuable asset in a rapidly developing commercial area. Serious inquiries only.

    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
    Cave Spring
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.986912
    Latitude
    37.2358959

    Comparable in this City

    • $149,000
      Pending

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    • $200,000
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      Roanoke Land For Sale

      1.56 acre lot available in Roanoke, Virginia.
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    • $3,101,040
      52.56 Acres

      Roanoke Land with Development Potential

      52.56 acres in Roanoke County with mixed zoning.
      Elm View Rd, Roanoke, VA 24018
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    • $45,600
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      Roanoke Land Parcel For Sale

      0.81 acre lot approved for septic and utilities.
      7248 Carriage Hills Dr, Roanoke, VA 24018
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    • $65,000
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      South Roanoke County Acreage

      1.83 acres in Roanoke County, ready for a dream home.
      6290 Sky Ridge Rd, Roanoke, VA 24018
      View Details
    • Contact for pricing

      Commercial Land Near High Traffic

      1.15 acre commercial land near Peters Creek Road.
      3771 Peters Creek Road Ext SW, Roanoke, VA 24018
      View Details

    Similar Nearby for Sale

    • $149,000
      Pending

      Roanoke Land with Owner Financing

      1.09 acre lot with owner financing available in Roanoke.
      7629 Nandina Dr, Roanoke, VA 24018
      View Details
    • $200,000
      1.56 Acres

      Roanoke Land For Sale

      1.56 acre lot available in Roanoke, Virginia.
      7432 Old Mill Plantation Dr, Roanoke, VA 24018
      View Details
    • $3,101,040
      52.56 Acres

      Roanoke Land with Development Potential

      52.56 acres in Roanoke County with mixed zoning.
      Elm View Rd, Roanoke, VA 24018
      View Details
    • $45,600
      0.81 Acres

      Roanoke Land Parcel For Sale

      0.81 acre lot approved for septic and utilities.
      7248 Carriage Hills Dr, Roanoke, VA 24018
      View Details
    • $65,000
      1.83 Acres

      South Roanoke County Acreage

      1.83 acres in Roanoke County, ready for a dream home.
      6290 Sky Ridge Rd, Roanoke, VA 24018
      View Details
    • Contact for pricing

      Commercial Land Near High Traffic

      1.15 acre commercial land near Peters Creek Road.
      3771 Peters Creek Road Ext SW, Roanoke, VA 24018
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Location in Roanoke

      Excellent access and high visibility in established shopping center.
      3536-3544 Electric Rd, Roanoke, VA 24018
      View Details
    • Contact for pricing

      Southwest Roanoke County Office Building

      Office suites available for lease in Roanoke County.
      2727 Electric Rd SW, Cave Spring, VA 24018
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    • Contact for pricing
      62,171 SF

      Office Building Near Lewis-Gale Hospital

      Two-story office building with easy access and ample parking.
      1325 Electric Rd, Roanoke, VA 24018
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    • $18 SF/Yr
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      Brambleton Ave Office Space For Lease

      High-traffic Cave Spring office space.
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    • Contact for pricing

      Class A Medical/Professional Office

      New Class A office space in Southwest Roanoke County.
      3090 Electric Rd, Cave Spring, VA 24018
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    • $1,700 /Mo
      2,500 SF

      Office/Warehouse Space For Rent

      2,500 SF office/warehouse unit with versatile space.
      1807 Murry Rd SW, Roanoke, VA 24018
      View Details
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    3422 Ogden Rd
    Cave Spring, VA 24018
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    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
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    3422 Ogden Rd, Cave Spring, VA, 24018
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