Property profile

4402 Old Rocky Mount Rd Roanoke, VA 24014

FOR SALE
Commercial land
Property ID
US87-0632536
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Property summary

AI-generated overview

First time on the market! Do not miss this prime commercial development opportunity! Approximately 1.95 acres of land across two parcels with a Roanoke City zoning of Mixed Use (MX). The property is situated just off Route 220 on Old Rocky Mount Road adjacent to Outback Steakhouse and Pheasant Ridge. Other retail development along this commercial retail corridor is Walmart, Lowe's, Home Depot, Taco Bell, Big Lots, Bojangles, Kohl's, and more! Traffic count on Route 220 is approximately 30,000 +/- per day. Both parcels must sell together. Both properties currently have residential homes.

Property profile

Verified
Property type Commercial land
UPID US87-0632536

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4402 Old Rocky Mount Rd Roanoke, VA 24014
Roanoke metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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