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    4040 Franklin Rd SW Roanoke, VA 24014

    For Sale
    $1,350,000

    Land Only,Office,Retail - Roanoke, VA

    Lot size:
    1.00 Acre
    Days on Market:
    68
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 4040 Franklin Rd SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    6
    Parking
    20
    Exterior features
    Loading Docks
    Lot size
    1.00 Acre

    Building Details

    Flooring type
    Vinyl
    Architectural style
    Other

    Three Sisters Corporation Salem dba Wainwright & Co. - REALTORS (540) 387-5800 [email protected]

    Listing agent ASHLEY DONAHUE (540) 387-5800

    Listing date Oct 5, 2025

    MLS# 921564 Listing URL

    Copyright © 2025 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Franklin Road Office/Retail Opportunity

    This commercial listing offers an opportunity for businesses seeking high-visibility space in Roanoke. Situated along Franklin Road/Route 220, the property benefits from a VDOT daily traffic count of 32,000. The property, consisting of two parcels totaling 1 acre, offers excellent exposure, convenient access, and a professional setting suitable for office, medical, or retail use. The location is in a commercial hub, surrounded by medical practices, financial institutions, retail centers, and established businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Austin's Appliance Grill Store child life playsets Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.970096
    Latitude
    37.228041

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    FAQs

    What type of property is this?
    Office Property Space - Prime commercial land on Franklin Road with high traffic volume.
    Where is this office property space located?
    The property is located at 4040 Franklin Rd SW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - High-visibility location on Franklin Road/Route 220 with a VDOT daily traffic count of 32,000.; - Suitable for office, medical, or retail use.; - Includes 2 parcels totaling 1 acre.
    (540) 387-5800
    Request Owner's contact information
    4040 Franklin Rd SW Roanoke, VA 24014
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    Roanoke, VA 24014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4040 Franklin Rd SW Roanoke, VA 24014
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