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    5127 Crumpacker Dr Roanoke, VA 24019
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    5127 Crumpacker Dr, Roanoke, VA 24019

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    • Commercial land
    For Sale
    $650,000
    View Listing →
    Crumpacker Drive Development Land Available For Sale
    $650,000
    10.00 Acres

    Crumpacker Drive Development Land Available

    Over 10 acres of land ready for development.

    5127 Crumpacker Dr, Roanoke, VA 24019
    View Listing
    Property ID
    US87-2721382
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 5127 Crumpacker Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Presented by Stephen Pendergrass and Thom Hubard at Poe & Cronk Real Estate Group. 5127 Crumpacker Dr offers over 10 acres of land ready for development. The convenience of access to major thoroughfares Hwy 460 & I-81, Roanoke County, Botetourt County, and superior location add to the appeal of this property. There are over 600 rooftops located in the adjacent development and a Walmart Super Center and Lowes Hardware is next door.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.8740703
    Latitude
    37.3299639

    Comparable in this City

    • $1,999,950

      Development Ready Land Near Retail

      10.49 acres of flat, development-ready land near major retailers.
      Crumpacker Dr, Roanoke, VA 24019
      View Details
    • $650,000

      10+ Acres Ready for Development

      Over 10 acres of land ready for development.
      5127 Crumpacker Dr, Roanoke, VA 24019
      View Details
    • Contact for pricing

      Development Ready Land For Sale

      10.49 acres of flat, development-ready land for sale.
      Crumpacker Dr, Roanoke, VA 24019
      View Details
    • Contact for pricing

      Land with High Visibility

      Highly visible land near industrial park and airport.
      Thirlane Rd NW, Roanoke, VA 24019
      View Details
    • $995,000

      Roanoke Development Opportunity

      14.8 acres of C2S zoned land with office space.
      4855 Hollins Rd, Roanoke, VA 24019
      View Details
    • Contact for pricing
      1,695 SF

      Roanoke Commercial Land For Sale

      14.8 acres of commercial land with office space.
      4855 Hollins Rd, Roanoke, VA 24019
      View Details

    Similar Nearby for Sale

    • $1,999,950

      Development Ready Land Near Retail

      10.49 acres of flat, development-ready land near major retailers.
      Crumpacker Dr, Roanoke, VA 24019
      View Details
    • $650,000

      10+ Acres Ready for Development

      Over 10 acres of land ready for development.
      5127 Crumpacker Dr, Roanoke, VA 24019
      View Details
    • Contact for pricing

      Development Ready Land For Sale

      10.49 acres of flat, development-ready land for sale.
      Crumpacker Dr, Roanoke, VA 24019
      View Details
    • Contact for pricing

      Land with High Visibility

      Highly visible land near industrial park and airport.
      Thirlane Rd NW, Roanoke, VA 24019
      View Details
    • $995,000

      Roanoke Development Opportunity

      14.8 acres of C2S zoned land with office space.
      4855 Hollins Rd, Roanoke, VA 24019
      View Details
    • Contact for pricing
      1,695 SF

      Roanoke Commercial Land For Sale

      14.8 acres of commercial land with office space.
      4855 Hollins Rd, Roanoke, VA 24019
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,150 SF

      Premium Office Space Available

      Premium office space for lease in Roanoke Valley.
      5251 S Concourse Dr, Roanoke, VA 24019
      View Details
    • Contact for pricing
      1,500 SF

      Office Space Near Airport

      Office spaces available for lease near Roanoke Regional Airport.
      5306-5312 Peters Creek Rd, Hollins, VA 24019
      View Details
    • Contact for pricing

      Premier Office Space For Lease

      Modern, renovated office space with excellent visibility and easy access.
      5363 Peters Creek Rd NW, Roanoke, VA 24019
      View Details
    • Contact for pricing
      650 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
    • Contact for pricing
      1,600 SF

      Retail Space in High-Traffic Area

      Retail spaces available in a high-traffic location.
      7206-7240 Williamson Rd, Hollins, VA 24019
      View Details
    • Contact for pricing
      27,500 SF

      Roanoke Warehouse with Recent Upgrades

      27,500 sq ft warehouse with convenient Interstate 81 access.
      7703 Enon Dr, Roanoke, VA 24019
      View Details
    View Listing
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    Roanoke, VA 24019
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    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.

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