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Property profile & analytics
OFF-MARKET
Banks

40 Main St Boones Mill, VA 24065

4,554 SF 0.31 ac lot Built 1920
Entity Owned ~ Est. High Equity
Property ID
US87-1428793
Property summary
AI-generated overview

This exceptional 9,750 square foot commercial building, situated on 0.33 acres in Boones Mill, VA, presents a unique investment opportunity. Built in 1925 and extensively renovated in 2022, this Class A property boasts a single-tenant layout with 5,000 square feet currently vacant. The building features a 14-foot ceiling height, 35 total parking spaces, and is conveniently located on Main Street, near the intersection of Boone Street, with high visibility due to its proximity to Route 220. The property's zoning allows for commercial or residential use, offering flexibility for a variety of businesses or adaptive reuse. The building includes a central air conditioning and heating system, and offers various sized spaces for lease, including a large retail space (approximately 5,000 sq ft), multiple office spaces ranging from small to large, and even a former drive-through. Amenities include a kitchen, two bathrooms, a utility room, and storage space. The property's location in the City of Roanoke submarket, near Rocky Mount, ensures high traffic volume and excellent accessibility. Property taxes are $0.50 per square foot. The building's former use as a BB&T bank adds to its unique character and potential. This is an ideal opportunity for a business seeking a prominent location with ample space and parking. The property is available for lease or purchase.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1920
Total area 4,554 SF
Lot 0.31 ac (13,634 SF)
Zoning code NZ
APN 302 00-012 00
UPID US87-1428793
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
Current use
Occupant on record · Public records
  • BB&T Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hawley Properties LLC
Hawley Properties LLC
since 2025
Last sale
$290,000
5 recorded transactions
2025
$290,000
2021
$225,000
2019
$118,000
2019
Price N/A
2018
Price N/A
Zoning & alternative use
NZ · Boones Mill, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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