3014 Trinkle AveRoanoke, VA 24012

Property Details for 3014 Trinkle Ave

Year built

1953

Construction

TYPE NOT SPECIFIED

Lot size

0.41 AC

Property size (Sq ft)

7,200 SF

Zone code

CN

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

210-0112

APU

2100112

Description

This Roanoke, VA industrial property offers a compelling investment opportunity. The 20,156 square foot facility, comprised of two brick buildings on 1.06 acres (four parcels), boasts a strong pro-forma cap rate of 8.21% and a current NOI of $90,269. Built in 1960, the property is currently 75% occupied with leases extending through April 2028, presenting immediate income and the potential for increased revenue by leasing the remaining space. The flexible layout, high ceilings, and adaptable design cater to a variety of tenant needs. Its prime location in Roanoke, VA (3014 Trinkle Ave NW, 24012) provides immediate access to Williamson Road and major transportation routes, enhancing its appeal to both tenants and investors. The asking price is $1,100,000 ($54.57/sq ft). This value-add opportunity allows for significant upside potential through increased occupancy and lease optimization. The property's versatility makes it suitable for owner-occupiers seeking to expand their operations or investors aiming to capitalize on the robust industrial market. The pro-forma NOI is based on 100% occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $979,506

  6.5%

  $904,160

  7%

  $839,577

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,416,572

  Geo Method

  $2,561,666

• Alternative Use

  Use

  Valuation

  Residential

  $904,160

  Hospitality

  $828,206

  Educational

  $689,057

  Medical

  $712,755

  Retail

  $1,071,867

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.3097

Longitude

-79.9484

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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