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Property profile & analytics
FOR LEASE
Warehouses

7703 Enon Dr Roanoke, VA 24019

38,950 SF 1.8 ac lot Built 1974
Individually Owned 20-yr Hold Free & Clear
Property ID
US87-1084111
Property summary
AI-generated overview

This exceptional single-tenant industrial property, located at 7703 Enon Drive in Roanoke, VA 24019, offers 27,500 square feet of versatile warehouse space. Built in 1974, the building boasts convenient access to Interstate 81, ensuring efficient transportation and logistics. The property features both drive-in and dock doors, providing flexible loading and unloading options to suit various operational needs. Recent upgrades significantly enhance the property's functionality and efficiency. These improvements include a fully updated sprinkler system for enhanced safety, new gas heaters supplied by Roanoke Gas for reliable heating, and energy-efficient LED lighting throughout the entire space, reducing operational costs. The property's single-tenant occupancy provides a streamlined and straightforward ownership experience. This well-maintained warehouse presents a compelling opportunity for businesses seeking a strategically located and well-equipped facility in the Roanoke area. The combination of its prime location, modern upgrades, and ample space makes this property an ideal choice for a variety of industrial and distribution operations. The property's classification includes both office and industrial uses, offering flexibility for businesses with diverse operational requirements.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1974
Total area 38,950 SF
Lot 1.8 ac (78,408 SF)
Zoning code I1
APN 027.10-11-01
UPID US87-1084111
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
  • FAME Allstars Gym & Fitness Center
  • Ring Gymnastics Gym & Fitness Center
  • Roanoke Ninja and Parkour Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$910k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.15M
Owner & transaction history
Grinnell,gerald & Louise · 20 yrs held
Grinnell,gerald & Louise
since 2005
1 recorded transaction
2005
$890,000
Zoning & alternative use
I1 · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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