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$455,000
6711 Williamson RD
Roanoke, VA 24019
69 days on market
Property Type
Commercial Sale
Year Built
1975
Lot Size
0.48 acres
Garage
—
About This Property
Multi-tenant retail office/retail building with a historically high occupancy rate. The building is currently 68% leased to an insurance office, a dentist office, a hair salon, and a retail store. The seller currently occupies one of the tenant spaces (32%) 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 for leased spaces and market rent for owner-occupied space is estimated at $55,964, indicating a 12.3% CAP; however, NOI based on market rents at stabilization is $75,467, indicating a 16.6% CAP. The site is improved with a paved parking lot containing 23 parking spaces and a pylon sign.
Property Details
Interior
Exterior & Lot
- Lot Size
- 0.48 acres
- Year Built
- 1975
Location
- County
- Roanoke County
- ZIP Code
- 24019
Financial
- Annual Taxes
- $4,329
Utilities
- Sewer
- Public Sewer
Schools
Heating
Natural Gas, Heat Pump
Cooling
Heat Pump
Location
Listing Information
- MLS #
- 929530
- Listing Agent
- CODY ALLEN MCCRAW
- Listing Office
- IVY REALTY LLC
- Listed Date
- Jul 16, 2026
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