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Property profile & analytics

6711 Williamson Rd Roanoke, VA 24019-4273

  • Commercial real estate
  • 6,840 SF
  • 1.00 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-1109547
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

  • The Blue Jean Hair Saloon / Hair Salon / Nail Salon
  • Thomas & Associates: Allstate Insurance / Insurance Agency
  • Patrick Kincheloe: Allstate Insurance / Insurance Agency
  • Allstate Insurance Agent: Marie Kincheloe / Insurance Agency
  • Allstate Personal Financial Representative: Michael Burns / Financial Advisor

Property Details for 6711 Williamson Rd

Year built
1975
Lot size
1.00 lot acres
Property size
6,840 SF
Zone code
C2
Property type
Commercial real estate
APN
027.18-04-02
APU
27180402

Description

This 7,249 square foot, single-story shopping center in Hollins, Virginia presents a compelling value-add opportunity. Located at 6711 Williamson Rd, this Class B property boasts 100% occupancy across five units, generating a current NOI of $50,817 and a 6.35% cap rate. The property features a modified lease structure with a remaining lease term of one year on at least one unit. Significant upside potential exists due to below-market rents on several existing leases, projected to increase NOI to $81,520 and a pro-forma cap rate of 10.19% upon stabilization. The 0.48-acre lot includes a paved parking lot with 23 spaces and a pylon sign. The property is zoned C2 and benefits from a high average daily traffic count of 12,000 vehicles on Williamson Road. The seller, CDR Inc., is willing to lease back a portion of the space for up to three years post-closing. This multi-tenant retail center is situated amongst other neighborhood shopping centers, fast-food restaurants, and banks, offering excellent visibility and accessibility. Built in 1975, this property is offered at $799,900 ($110.35/sq ft). The APN is 027.18-04-02.00-0000.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Roanoke
County
Roanoke
State
Virginia
Longitude
-79.9555
Latitude
37.3381
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
$3,791
$116,700
$247,800
$364,500
-
$116,700
$247,800
$364,500
More about this property
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