2224 Buford AveRoanoke, VA 24015

Property Details for 2224 Buford Ave

Year built

1981

Lot size

1.07 AC

Property size (Sq ft)

13,650 SF

Zone code

I-1

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

142-1616

APU

1421616

Description

This exceptional 7,526-square-foot industrial space, located at 2224 Buford Ave SW in Roanoke, Virginia (zip code 24015), is part of a larger 13,650-square-foot building. The property, zoned I-1, is a Class B building constructed in 1981 and extensively renovated in 2006. The space features a 5,778-square-foot warehouse area with high ceilings, a dock-high door (8'x10') complete with a leveler, and ample natural light from skylights. In addition, there is 1,748 square feet of modern office space, built in 2006 and in excellent condition. The building is ADA compliant, including a ramp and two ADA-compliant restrooms. The property includes two 200-amp breaker boxes. Utilities are divided with the owner responsible for water, sewer, real estate taxes, and building insurance

• CAP approach

  CAP return

  Valuation

  6%

  $1,856,981

  6.5%

  $1,714,136

  7%

  $1,591,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,685,584

  Geo Method

  $4,856,492

• Alternative Use

  Use

  Valuation

  Residential

  $1,714,136

  Hospitality

  $1,570,140

  Educational

  $1,306,338

  Medical

  $1,351,265

  Retail

  $2,032,081

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.2703

Longitude

-79.9801

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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