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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Warehouses
4221 Vly Ave Roanoke, VA 24018-5747
Entity Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0828307
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
6,960 SF
Lot
6.94 ac (302,306 SF)
Zoning code
C2C
APN
077.20-01-41
UPID
US87-0828307
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
-
Rent-A-Space - Roanoke Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$570k
Owner & transaction history
Rent A Space INC · 27 yrs held
Rent A Space INC
since 1998
2 recorded transactions
Zoning & alternative use
C2C · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$865,000
+95.1%
Restaurant
$770,000
+73.0%
Apartment house (5+ units)
$565,000
+27.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Roanoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roanoke submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$445,000
Current use
COMMERCIAL (GENERAL)
$865,000
Change: +95% · Conversion: Difficult
RESTAURANT
$770,000
Change: +73% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$565,000
Change: +27% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$440,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$27,147
Tax year 2024
Assessed value
$2,610,300
Assessed 2024
Previous assessed
$2,362,700
+10.5% YoY
Effective rate
1.04%
On assessed value
Assessed land
$594,100
Assessed improvement
$2,016,200
Land market value
$594,100
Improvement market value
$2,016,200
Total market value
$2,610,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
1
Bathrooms
1
Total area
6,960 SF
Lot
6.94 ac (302,306 SF)
Zoning code
C2C
APN
077.20-01-41
UPID
US87-0828307
Jurisdiction
ROANOKE
Zoning & alternative use
C2C · Roanoke, VA
Zoning C2C · permitted uses
C2C · Roanoke, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roanoke. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$865,000
RESTAURANT
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$565,000
INDUSTRIAL (GENERAL)
Est. value
$440,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
1
Lot
6.94 ac
Current owner
From public records · entity-resolved
Rent A Space INC
Entity
Free & Clear · 27 yrs held
Mailing address
3501 CONCORD RD STE #350, YORK, PA 17402-8606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 1998
$502,500
Rent A Space INC
Lowes Home Centers INC
Grant Deed
—
Apr 1, 1998
$40,000
Lowes Home Centers INC
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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