811 Connecticut AveRoanoke, VA 24012

Property Details for 811 Connecticut Ave

Year built

2000

Construction

STEEL FRAME

Lot size

2.10 AC

Property size (Sq ft)

20,858 SF

Zone code

I-1

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

304-1220

APU

3041220

Description

This exceptional 10,035-square-foot flex space at 811 Connecticut Avenue NE in Roanoke, Virginia, presents a rare opportunity. Strategically located in central Roanoke, this property offers unparalleled access to major transportation arteries, including US Route 460 and the I-581/I-81 corridor, facilitating seamless East-West market connectivity. The building boasts an attractive exterior with signage opportunities and ample parking (22 spaces). Inside, you'll find a well-designed layout including three private offices, a conference room, and a spacious open office area. The warehouse space is heated, with a portion temperature-controlled, ensuring optimal functionality year-round. Loading is efficient with both a 12-foot drive-in door and a 9-foot dock door. The high 22-foot clear ceiling height maximizes storage and operational efficiency. The property is zoned I-1 and features modern amenities such as three-phase power and energy-efficient LED lighting. A comprehensive sprinkler system is in place for enhanced safety. The lease rate is $13.00 NNN. Don't miss this chance to secure a prime industrial location in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,837,576

  6.5%

  $2,619,300

  7%

  $2,432,208

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,103,730

  Geo Method

  $7,421,005

• Alternative Use

  Use

  Valuation

  Residential

  $2,619,300

  Hospitality

  $2,399,265

  Educational

  $1,996,160

  Medical

  $2,064,812

  Retail

  $3,105,139

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.2854

Longitude

-79.9268

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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