5529 Quail Ridge Cir Cave Spring, VA 24018

OFF-MARKET

Land

Property ID

US87-1319527

3.86 ac lot

Individually Owned

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This exceptional development opportunity presents a 3.86-acre assemblage in Cave Spring, Roanoke County, VA, zoned R-3. Priced at $195,000 ($77,720/acre), this shovel-ready site is entitled for up to 15 residential units, comprising a mix of townhouses and single-family homes. The property consists of four lots totaling 168,142 square feet, with 129,809 square feet buildable. The largest lot encompasses 2.73 acres, while two smaller lots measure 0.12 acres and 0.88 acres respectively. The R-3 zoning allows for attached and detached single-family homes, townhouses, and row houses, with a minimum lot area of 3,000 square feet per dwelling. This prime location offers proximity to an existing community, making it an attractive investment for developers seeking a high-density residential project. The property's address includes multiple parcels located on Quail Ridge Cir and Crossbow Ct, Cave Spring, VA 24018. The APN is 087.08-06-27.00-0000. LQ Investments Portfolio I, LLC is the current owner.

Property type Land

Lot 3.86 ac (168,142 SF)

UPID US87-1319527

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

5529 Quail Ridge Cir Cave Spring, VA 24018

Cave Spring metro

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since 2025

1 recorded transaction

2025

$137,000

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

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