Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4806 Hollins Rd Roanoke, VA 24019-5319

    • Banks
    • 1,949 SF
    • 0.92 lot acres
    OFF-MARKET
    Last Sale
    Jan 15, 2021
    $293,388
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3024899
    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.

    Current Use by Public Records

    • Hollins tobacco vape / Tobacco Shop
    • Bitcoin Depot | Bitcoin ATM / Crypto Atm / Atm
    • Bitcoin Depot ATM / Atm

    Property Details for 4806 Hollins Rd

    Year built
    1989
    Lot size
    0.92 lot acres
    Property size
    1,949 SF
    Property type
    Banks
    APN
    038.16-01-03.04-0000
    APU
    38160103040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $305,000
      ML approach
      $330,000

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $200,000
      Current use
      AUTO REPAIR, GARAGE
      $315,000
      Change: +60% Conversion: Difficult
      MEDICAL BUILDING
      $215,000
      Change: +9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $185,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.9339
    Latitude
    37.3216
    CBSA code
    40220
    CBSA name
    ROANOKE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,588
    $230,400
    $114,600
    $345,000
    -
    $230,400
    $114,600
    $345,000

    Comparable in this City

    • Value Estimation
      $320,000
      1,740 SF

      3130 Peters Crk Rd

      FINANCIAL BUILDING • 1,740 SF
      3130 Peters Crk Rd, Roanoke, VA 24019-2716
      View Details
    • Value Estimation
      $380,000
      6,300 SF

      6625 Williamson Rd

      FINANCIAL BUILDING • 6,300 SF
      6625 Williamson Rd, Roanoke, VA 24019-4631
      View Details
    • Value Estimation
      $325,000
      2,610 SF

      7227 Williamson Rd

      FINANCIAL BUILDING • 2,610 SF
      7227 Williamson Rd, Roanoke, VA 24019-4234
      View Details
    • Value Estimation
      $230,000
      2,162 SF

      7337 Williamson Rd

      FINANCIAL BUILDING • 2,162 SF
      7337 Williamson Rd, Roanoke, VA 24019-4236
      View Details
    • Value Estimation
      $270,000
      4,120 SF

      6767 Cloverdale Rd

      CONVENIENCE STORE • 4,120 SF
      6767 Cloverdale Rd, Roanoke, VA 24019-8287
      View Details
    • Value Estimation
      $765,000
      5,572 SF

      1812 Thompson Memorial Dr

      CONVENIENCE STORE • 5,572 SF
      1812 Thompson Memorial Dr, Roanoke, VA 24019-5532
      View Details

    Similar Nearby for Sale

    • $595,000
      4,500 SF

      Retail Properties on Corner Lot

      Two retail properties on a corner lot with high visibility.
      7403 Williamson Rd, Roanoke, VA 24019
      View Details
    • $800,000
      1,836 SF

      Turnkey Restaurant Opportunity

      Fully equipped restaurant building in excellent condition, ready for operation.
      674 Teresa Ln, Roanoke, VA 24019
      View Details
    • $1,250,000
      1,836 SF

      Roanoke Restaurant - Turnkey Opportunity

      Profitable Restaurant, Fully Equipped
      674 Teresa Ln, Roanoke, VA 24019
      View Details
    • $650,000
      10,889 SF

      Redevelopment Opportunity Near Interstate 81

      Redevelopment opportunity with 10,889 square feet of space.
      8118 Plantation Rd, Roanoke, VA 24019
      View Details
    • $275,000
      10.65 Acres

      Roanoke Commercial Land - 10.65 Acres

      Prime Roanoke development land, high traffic, flat parcel.
      0 Cloverdale Rd, Roanoke, VA 24019
      View Details
    • $1,095,000
      1.97 Acres

      Prime Hollins Commercial Land

      1.97 Acres, Build-to-Suit Options
      7518 Plantation Rd, Hollins, VA 24019
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space with National Tenants

      Retail space with Food Lion and Domino's Pizza.
      4812-4830 Hollins Rd, Roanoke, VA 24019
      View Details
    • $25 SF/Yr
      1,825 SF

      Retail Space in High-Growth Area

      Retail space available in a high-visibility, growing location.
      7000 Peters Creek Rd, Roanoke, VA 24019
      View Details
    • $14 SF/Yr
      875 SF

      North Roanoke Plaza Retail/Office Space

      Retail and office spaces available in North Roanoke Plaza.
      3100 Peters Creek Rd, Roanoke, VA 24019
      View Details
    • $13 SF/Yr
      3,037 SF

      Woodhaven Office Park: Prime Roanoke Space

      Class A Office Suites, North Roanoke, VA
      5430 Peters Crk Rd, Hollins, VA 24019
      View Details
    • $13 SF/Yr
      1,834 SF

      Roanoke Office Space For Rent

      Office space for rent with easy access to highways.
      6711 Peters Creek Rd, Roanoke, VA 24019
      View Details
    • $12 SF/Yr
      3,800 SF

      Roanoke County Office Space Available

      Office suites for lease on Electric Road with ample parking.
      7535 Williamson Rd, Roanoke, VA 24019
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4806 Hollins Rd
    Roanoke, VA 24019-5319
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.