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1626 Orange Ave NW 6,380 SF Retail Building Roanoke, VA 24017 $2,706,426 CAD ($424.20 CAD/SF) 6.40% Cap Rate
Investment Highlights
- Heavy vehicle traffic
- Plenty of parking
- Bus Line
Executive Summary
Prime investment opportunity with a NNN lease and 8 years remaining at the time of this listing. Rent increases 10% on June 1, 2026 to $140,277.60. Lease rent increase in 2026 already built into the current agreement for years 11-15. This property is in a high traffic location with many other local businesses, on the public transportation bus line, easily accessible, and with ample parking. Term of the lease will automatically extend one period at a time for 6 consecutive 5 year periods.
Financial Summary (Actual - 2022) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
6,380 SF
Building Class
C
Year Built
2016
Price
$2,706,426 CAD
Price Per SF
$424.20 CAD
Cap Rate
6.40%
NOI
$173,179 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.94 AC
Zoning
CN - 400-Commercial/Industrial
Parking
33 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
302’ on Orange Ave NW
Amenities
- Bus Line
- Corner Lot
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2221601 | Improvements Assessment | $913,816 CAD (2026) |
| Land Assessment | $337,107 CAD (2026) | Total Assessment | $1,250,923 CAD (2026) |
Property Taxes
Parcel Number
2221601
Land Assessment
$337,107 CAD (2026)
Improvements Assessment
$913,816 CAD (2026)
Total Assessment
$1,250,923 CAD (2026)
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1626 Orange Ave NW
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