3607 Williamson RdRoanoke, VA 24012

Property Details for 3607 Williamson Rd

Year built

1960

Construction

TYPE NOT SPECIFIED

Lot size

0.64 AC

Property size (Sq ft)

13,431 SF

Zone code

CN/RM1

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

209-0102

APU

2090102

Description

This exceptional retail property, located at 3607 Williamson Road in Roanoke, Virginia, presents a compelling investment opportunity. The 8,772 square foot building sits on a prime corner lot at the intersection of Williamson Road and Oakland Boulevard, benefiting from high visibility and excellent traffic flow. A significant strength of this offering is the strong, net-net lease in place with a major retailer. This lease provides security and predictable income streams. The current lease term includes a new 5-year lease and two additional 5-year renewal options, ensuring long-term stability for the investor. The landlord's responsibilities are limited to roof and HVAC repairs exceeding $2,500, significantly reducing operational burdens. The tenant is responsible for all property taxes and insurance, further minimizing expenses for the owner. The property currently offers a compelling 7% capitalization rate on net income, making it an attractive addition to any diversified portfolio. This is a rare opportunity to acquire a well-located, stable, and high-yielding retail investment in a thriving Roanoke market. The property's strategic location and the strength of the existing lease make this an exceptional investment prospect. Don't miss this chance to secure a reliable income stream with significant long-term potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,827,188

  6.5%

  $1,686,635

  7%

  $1,566,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,642,497

  Geo Method

  $4,778,575

• Alternative Use

  Use

  Valuation

  Residential

  $1,686,635

  Hospitality

  $1,544,948

  Educational

  $1,285,379

  Medical

  $1,329,585

  Retail

  $1,999,478

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.3039

Longitude

-79.9444

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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