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    4509 Melrose Ave NW Roanoke, VA 24017

    For Sale
    $525,000

    Land Only - Roanoke, VA

    Lot size:
    2.16 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 8 at 11:06 am

    Property Features for 4509 Melrose Ave NW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.16 Acres

    Building Details

    Architectural style
    Other

    Mountain View Real Estate, LLC (540) 815-4161 [email protected]

    Listing agent BRADLEY THOMAS (540) 815-4161

    Listing date Oct 15, 2025

    MLS# 914214 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

    Commercial Land with Road Frontage

    This commercial lot, zoned CG, presents an investment opportunity with many permitted uses under the current zoning code. The property features over 300 feet of road frontage and spans over 2 acres on a paved, level lot. It includes two entrances and double gates. The property is located in Roanoke, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Magic Star Auto ... Used Car Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -80.010342
    Latitude
    37.298126

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    FAQs

    What type of property is this?
    Commercial land - Commercial lot with road frontage and permitted uses under zoning.
    Where is this commercial land located?
    The property is located at 4509 Melrose Ave NW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Zoned CG with many permitted uses; - Over 2 acres of paved, level lot; - Boasting over 300ft of road frontage
    (540) 815-4161
    Request Owner's contact information
    4509 Melrose Ave NW Roanoke, VA 24017
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    Roanoke, VA 24017
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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
    4509 Melrose Ave NW Roanoke, VA 24017
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