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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office Spaces
6402 Commonwealth Dr Roanoke, VA 24018-5159
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-2483883
Property summary
AI-generated overview
This exceptional 5,400-square-foot commercial property in Cave Spring, Virginia, presents a unique opportunity. Situated on a 1.17-acre lot within a prime Roanoke County industrial park, this single-tenant building offers a blend of office and warehouse space ideal for a variety of businesses. The building boasts 4,200 square feet of well-designed office space, featuring a functional and efficient floor plan. In addition, there is 1,200 square feet of climate-controlled warehouse space, providing ample storage or production area. The property is conveniently located off Merriman Road on 6402 Commonwealth Drive, offering easy access and excellent visibility. Ample parking is available for employees and clients. The I2 zoning in Roanoke County allows for a range of potential uses. This well-maintained property is ready for immediate occupancy and represents a strong investment opportunity in a desirable location. The address is 6402 Commonwealth Drive, Cave Spring, VA 24018.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Total area
4,420 SF
Lot
1.17 ac (50,965 SF)
APN
087.18-03-01.01-0000
UPID
US87-2483883
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
-
CMT Industrial Solutions Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$685k
Owner & transaction history
S & D PROPERTY HOLDINGS LLC · 1 yrs held
S & D PROPERTY HOLDINGS LLC
since 2025
Last sale
$675,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$875,000
+15.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Roanoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roanoke submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$715,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$760,000
Current use
MEDICAL BUILDING
$875,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $675k (May 16 2025)
Last sale anchor
$675k
May 16 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$155 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,933
Tax year 2024
Assessed value
$474,300
Assessed 2024
Previous assessed
$458,800
+3.4% YoY
Effective rate
1.04%
On assessed value
Assessed land
$105,300
Assessed improvement
$369,000
Land market value
$105,300
Improvement market value
$369,000
Total market value
$474,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1986
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,420 SF
Lot
1.17 ac (50,965 SF)
APN
087.18-03-01.01-0000
UPID
US87-2483883
Jurisdiction
ROANOKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$760,000
MEDICAL BUILDING
Est. value
$875,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
S & D PROPERTY HOLDINGS LLC
Entity
Free & Clear · 1 yrs held
Mailing address
300 INDUSTRIAL DR, GREENVILLE, SC 29607-3245
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
$675,000
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Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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