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Property profile & analytics
FOR SALE
Office Spaces

4430 Old Cave Spring Rd Roanoke, VA 24018

2,448 SF 0.35 ac lot Built 1866
Entity Owned Absentee Owner Free & Clear
Property ID
US87-0649241
Property summary
AI-generated overview

Exceptional 1.56-acre commercial land parcel in desirable Cave Spring, Virginia (zip code 24018), available for $595,000. This property, located at 4430 Old Cave Spring Rd, boasts C2 zoning, offering versatile development potential. Its strategic location directly across from a newly constructed Publix development ensures high visibility and convenient access, attracting significant customer traffic. The property's proximity to highly-rated Southwest Roanoke County schools further enhances its appeal. The two APNs associated with this property are 076.20-02-05.01-0000 and 076.20-02-04.00-0000. This prime location within a sought-after area presents a rare opportunity for retail development or other commercial ventures. The property's size and zoning make it an ideal investment for those seeking high-return potential in a thriving community. This is a remarkable opportunity to capitalize on the growth and development in this area of Roanoke County. Serious inquiries are encouraged.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1866
Total area 2,448 SF
Lot 0.35 ac (15,246 SF)
Zoning code C2
APN 076.20-02-04
UPID US87-0649241
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
  • Roanoke Neuromuscular Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rhino Financial Marketing LLC
Rhino Financial Marketing LLC
since 2025
Last sale
$330,000
7 recorded transactions
2025
$330,000
2022
Price N/A
2021
Price N/A
2019
Price N/A
2018
$530,056
1998
$51,000
1969
Price N/A
Zoning & alternative use
C2 · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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