Cave Spring, VA
Commercial Real Estate Market Trends & Data

$175 Avg asking sale price
$23 Avg asking lease rate
6,258 SF Avg unit lease size
9,730 SF Avg building size for sale
6.84% Average cap rate

Cave Spring's Demographic Profile

Cave Spring has 11,704 households and a median income of $76,227, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 26,816
# Households 11,704
Median age 44
Median household income $76,227
Avg household size 2.0
Renter-occupied housing units 3,964
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Cave Spring, VA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Cave Spring $349 3,528 SF 7.65%
Roanoke $225 12,072 SF 7.65%
Salem $192 4,771 SF 7.65%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Roanoke $92 76,357 SF 8.88%
Hollins $92 37,078 SF 8.88%
Nearby Retail Markets Avg Cost/SF Typical Size
Cave Spring $198 5,291 SF
Roanoke $194 10,154 SF
Salem $138 9,479 SF
Hollins $123 11,495 SF
Cloverdale $463 1,836 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Cave Spring $69 22,329 SF 6.02%
Roanoke $144 11,982 SF 6.02%
Rocky Mount $260 5,338 SF 7.42%

Commercial Properties For Sale in Cave Spring

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Starkey Professional Office

Roanoke, VA 24018

  • 4,151 SF Office Building
  • $845,000
For Sale

1930 Braeburn Dr

Salem, VA 24153

  • 4,000 SF Office Building
  • $699,500
For Sale

Prime S County Development Parcel

Roanoke, VA 24014

  • 7.06 AC Lot
  • 1 Commercial Lot
  • $1,000,000
For Sale

Prime S County Development Parcel

Roanoke, VA 24014

  • 1,430 SF Office Building
  • $350,000
For Sale

1630 Braeburn Dr

Salem, VA 24153

  • 7,400 SF Office Building
  • 7.65% Cap Rate
  • $1,150,000
For Sale

904 Apperson Dr

Salem, VA 24153

  • 1,455 SF Office Building
  • $495,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Where Multifamily Asking Prices Are Rising and Falling in 2026
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Online Auctions vs. Traditional Sales
Learn how you can strategically use the two transaction methods to achieve stronger outcomes, whether that's a faster deal, maximized sales price, or a low risk of fallouts.
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Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
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Force Majeure Clause
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Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Cave Spring pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Cave Spring $175 9,730 SF
Roanoke $189 25,358 SF
Salem $126 81,837 SF
Hollins $174 21,008 SF

Regional Demographic Comparison

This comparison places Cave Spring alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Cave Spring or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Roanoke 96,712 42,963 40 $49,827 2 22,107 -2%
Salem 25,696 10,404 42 $70,975 2 3,711 2%
Boones Mill 198 80 47 $62,143 2 16 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Cave Spring, VA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Cave Spring

View All Commercial Real Estate For Sale in Cave Spring
Is Cave Spring a good market for a first-time commercial real estate investor?

Cave Spring offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Cave Spring?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Cave Spring. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Cave Spring?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Cave Spring. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Cave Spring compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Cave Spring. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Cave Spring acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Cave Spring, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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