Roanoke, VA 24019
MLS# 929530
Property Description
Multi-tenant retail office/retail building with a historically high occupancy rate. The building is currently 76% leased to an insurance office, a dentist office, a hair salon, and a retail store. The seller currently occupies one of the tenant spaces (24%) as a law office. The existing leases are below market averages so there is an opportunity for an investor to create additional value through rental increases. NOI based on existing rents and a sale-leaseback agreement with the seller is estimated at $50,817, indicating a 9.43% CAP; however, NOI based on market rents at stabilization is $81,520, indicating a 15.17% CAP.
Last Updated: July - 16 - 2026
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