5604 Starkey RdCave Spring, VA 24018

Property Details for 5604 Starkey Rd

Year built

1950

Lot size

0.59 AC

Property size (Sq ft)

4,151 SF

Zone code

C1

Property type

Office properties

APN

087.19-03-33

APU

87190333

Description

This single-story, 4,151 square foot Class B office building, situated on a 0.59-acre lot in Roanoke, Virginia, presents a fantastic opportunity. Built in 1950, the property features two suites, with 2,200 square feet currently vacant and ready for immediate occupancy. The building is zoned C-1 and boasts ample parking with 10 spaces available for tenants and guests. The address is 5604 Starkey Rd, Cave Spring, VA 24018. This executive office space offers a convenient location with easy access to local amenities. The property includes no elevators. The APN is 087.19-03-33.00-0000. This is an excellent opportunity for a business seeking a well-maintained office space in a desirable location. The property offers a blend of classic charm and modern functionality, making it an ideal choice for a variety of businesses. The spacious layout provides flexibility for customization to meet specific needs. Don't miss this chance to secure a prime office space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $455,413

  6.5%

  $420,382

  7%

  $390,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $526,899

  Geo Method

  $952,821

• Alternative Use

  Use

  Valuation

  Residential

  $521,273

  Hospitality

  $477,483

  Educational

  $397,261

  Medical

  $410,923

  Retail

  $617,961

Location Insight

City

Roanoke

County

Roanoke

State

Virginia

Latitude

37.206

Longitude

-79.9891

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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