4812 Hollins RdHollins, VA 24019

Property Details for 4812 Hollins Rd

Year built

1986

Lot size

3.98 AC

Property size (Sq ft)

48,376 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

038.16-01-03.03-0000

APU

38160103030000

Description

Hollins Plantation offers a 45,920 square foot single-story retail center located in Roanoke County. Built in 1986, this property currently features five suites with one immediately available for lease. The vacant space totals 1,400 square feet, presenting a fantastic opportunity for a variety of retail businesses. The property is characterized by its multiple tenancy structure, providing a vibrant and diverse shopping environment. The building lacks elevators, but its single-story design ensures easy accessibility for both customers and staff. The property's location within Roanoke County offers excellent visibility and convenient access to major roadways and residential areas, making it an ideal location for attracting a substantial customer base. The existing tenants contribute to a thriving commercial atmosphere, creating a synergistic environment for new businesses. This 1,400 square foot space is ready for immediate occupancy and presents a unique chance to establish or expand a retail presence in a well-established and successful retail center. Interested parties are encouraged to inquire about lease terms and conditions. The property's size and location make it an attractive investment opportunity for businesses seeking a strong foothold in the Roanoke County market. This is a rare opportunity to secure retail space in a well-maintained and established center.

• CAP approach

  CAP return

  Valuation

  6%

  $7,801,900

  6.5%

  $7,201,754

  7%

  $6,687,343

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,474,082

  Geo Method

  $27,982,652

• Alternative Use

  Use

  Valuation

  Residential

  $6,074,949

  Hospitality

  $5,564,620

  Educational

  $4,629,699

  Medical

  $4,788,922

  Retail

  $7,201,754

Location Insight

City

Roanoke

County

Roanoke

State

Virginia

Latitude

37.3224

Longitude

-79.9341

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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