5162 Valleypointe PkwyRoanoke, VA 24019

Property Details for 5162 Valleypointe Pkwy

Year built

1993

Lot size

2.94 AC

Property size (Sq ft)

27,008 SF

Property type

Office properties

APN

037.07-01-14.05-0000

APU

37070114050000

Description

This exceptional 8,857-square-foot office building, located at 5162 Valleypointe Parkway in Hollins, Virginia (zip code 24019), presents a unique investment opportunity. Situated on a 2.94-acre lot, this Class B property, built in 1993, offers a single-tenant occupancy. The building's zoning is I1C, and it's ideally located in Roanoke County, providing easy access to major thoroughfares like I-581 and I-81, as well as the regional airport. The space is categorized as Executive and Creative Office, and Professional Office space, making it suitable for a variety of businesses. The building features a desirable end-cap location with high visibility on Valleypointe Parkway. The interior boasts a blend of private offices and an open floor plan area, enhanced by abundant natural light from surrounding windows. The property's total square footage is 8,857 square feet, all of which is currently vacant. This presents a rare chance to acquire a well-positioned, spacious office building in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,963,095

  6.5%

  $2,735,164

  7%

  $2,539,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,428,205

  Geo Method

  $6,199,416

• Alternative Use

  Use

  Valuation

  Residential

  $3,391,604

  Hospitality

  $3,106,691

  Educational

  $2,584,730

  Medical

  $2,673,623

  Retail

  $4,020,692

Location Insight

City

Roanoke

County

Roanoke

State

Virginia

Latitude

37.3316

Longitude

-79.987

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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