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621 18th St 15,080 SF Industrial Building Roanoke, VA 24016 $600,000 ($39.79/SF)

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EXECUTIVE SUMMARY

Fully Leased. Lease expires 1/31/2030 with one 5-yr option. Gross Income $34,200

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $34,200 $2.27
Other Income - -
Vacancy Loss - -
Effective Gross Income $34,200 $2.27
Taxes - -
Operating Expenses - -
Total Expenses $9,700 $0.64
Net Operating Income $24,500 $1.62

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $34,200
Annual Per SF $2.27
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $34,200
Annual Per SF $2.27
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $9,700
Annual Per SF $0.64
Net Operating Income
Annual $24,500
Annual Per SF $1.62

PROPERTY FACTS

Price $600,000
Price Per SF $39.79
Sale Type Investment
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 3.00 AC
Rentable Building Area 15,080 SF
No. Stories 1
Year Built 1937
Tenancy Single
Clear Ceiling Height 28’
No. Drive In / Grade-Level Doors 4
Zoning UF

AMENITIES

  • Fenced Lot

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Freight Car America
  • Transportation and Warehousing
  • -
  • -
  • Triple Net
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Freight Car America Transportation and Warehousing - - Triple Net -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
132-0715
Land Assessment
$80,600
Improvements Assessment
$145,400
Total Assessment
$226,000
  • Listing ID: 35809887

  • Date on Market: 5/9/2025

  • Last Updated:

  • Address: 621 18th St, Roanoke, VA 24016

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