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    909 13Th St Roanoke, VA 24013
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    909 13Th St, Roanoke, VA 24013

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    • Commercial real estate
    • 1.03 lot acres
    For Sale
    $795,000
    View Listing →
    Corner Commercial Land Parcel For Sale
    $795,000

    Corner Commercial Land Parcel

    1.03 acre corner parcel zoned for commercial neighborhood use.

    909 13th St |, Roanoke, VA 24013
    View Listing
    Property ID
    US87-1344671
    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 real estate

    Property Details for 909 13Th St

    Lot size
    1.03 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.03-acre commercial land parcel presents a remarkable investment opportunity in Roanoke, Virginia. Located at the highly visible corner of 13th Street SE and Jamison Avenue, this property boasts 273 feet of frontage on 13th Street and an average depth of 266 feet. The site benefits from a strategic location near I-581, ensuring easy access and high visibility. Zoned CN - Commercial Neighborhood and RM1 Residential, this versatile property offers a range of development possibilities. The site features level lots with readily available utilities, making development straightforward. With a daily traffic count of 25,000 vehicles and significant foot traffic, this location guarantees substantial exposure for any commercial venture. The asking price is $795,000. This property comprises five adjacent lots, creating a cohesive and expansive development site. Its prime corner location at a traffic light further enhances its visibility and accessibility. Don't miss this chance to acquire a highly desirable commercial property in a thriving Roanoke location.

    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
    Roanoke
    State
    Virginia
    Longitude
    -79.9218977
    Latitude
    37.2704141

    Comparable in this City

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      Roanoke Land with Industrial Zoning

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      Roanoke Land: Seven Consecutive Lots

      Land for sale in Roanoke, Virginia featuring seven lots.
      1103 Church Ave SE, Roanoke, VA 24013
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    • $795,000

      Corner Commercial Land Parcel

      1.03 acre corner parcel zoned for commercial neighborhood use.
      909 13Th St, Roanoke, VA 24013
      View Details
    • Contact for pricing
      0.12 Acres

      Roanoke Land with Alley Access

      Premium lot near downtown Roanoke with water and sewer access.
      12th 12Th St SE, Roanoke, VA 24013
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      0.11 Acres

      Roanoke, VA Land Opportunity

      Premium lot near downtown Roanoke with water and sewer access.
      Church Ave SE, Roanoke, VA 24013
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      Roanoke Industrial Land For Sale

      Industrial land suitable for heavy industry uses, close to I-581.
      Underhill Ave, Roanoke, VA 24013
      View Details

    Similar Nearby for Sale

    • $39,900
      2.30 Acres

      Roanoke Land with Industrial Zoning

      2.3 acres of industrial land in Roanoke, Virginia.
      Wise Ave SE, Roanoke, VA 24013
      View Details
    • $1,400,000

      Corner Commercial Development Land

      A level, corner parcel with utilities available and strong visibility at a traffic-light intersection for commercial development.
      909 13Th St, Roanoke, VA 24013
      View Details
    • $79,950
      0.56 Acres

      Roanoke Land: Seven Consecutive Lots

      Land for sale in Roanoke, Virginia featuring seven lots.
      1103 Church Ave SE, Roanoke, VA 24013
      View Details
    • $795,000

      Corner Commercial Land Parcel

      1.03 acre corner parcel zoned for commercial neighborhood use.
      909 13Th St, Roanoke, VA 24013
      View Details
    • Contact for pricing
      0.12 Acres

      Roanoke Land with Alley Access

      Premium lot near downtown Roanoke with water and sewer access.
      12th 12Th St SE, Roanoke, VA 24013
      View Details
    • Contact for pricing
      0.11 Acres

      Roanoke, VA Land Opportunity

      Premium lot near downtown Roanoke with water and sewer access.
      Church Ave SE, Roanoke, VA 24013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,927 SF

      High Traffic Used Car Lot

      Used car lot with office, garage, and ample parking.
      1619 9Th St SE, Roanoke, VA 24013
      View Details
    • Contact for pricing
      1,256 SF

      Retail Space Available For Lease

      Retail space available for lease in Roanoke, Virginia.
      1207 Jamison Ave SE, Roanoke, VA 24013
      View Details
    • $15 SF/Yr

      High Traffic Car Lot

      Fenced car lot with office and garage for lease.
      1619 9Th St, Roanoke, VA 24013
      View Details
    View Listing
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    Roanoke, VA 24013
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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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