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    1901 Orange Ave NE Roanoke, VA 24017

    For Sale
    $399,000

    2,500 SF retail/office space with paved parking.

    Property size:
    2,500 SF
    Lot size:
    0.84 Acres

    Property Features for 1901 Orange Ave NE

    General Information

    Size
    2,500 SF
    Lot size
    0.84 Acres

    Source: NAI Broughman Commercial Agent Brian Broughman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Office Space on Orange Ave

    This 2,500 square foot property is a solid shell suitable for office, retail, service, or restaurant uses. It has undergone a complete phase two environmental study, including asbestos abatement. Some stud walls have been built on the interior. The property includes paved parking and features three ingress/egress options and a median crossover. Situated on a major corridor in the Roanoke Valley, the location benefits from a traffic count of 40,000 AADT and offers convenient access to I-581, US 221, US 24, and US 460.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Empowerment Credit Services, ... Credit Counseling Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9676534
    Latitude
    37.2860021

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    FAQs

    What type of property is this?
    Retail space - 2,500 SF retail/office space with paved parking.
    Where is this retail space located?
    The property is located at 1901 Orange Ave NE Roanoke, VA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - High traffic location with **40,000 AADT** on a major corridor in the Roanoke Valley.; - Three ingress/egress options and a median crossover for easy access.; - Convenient access to I-581, US 221, US 24, US 460, and other major routes.
    (540) 400-6870
    Request Owner's contact information
    1901 Orange Ave NE 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
    1901 Orange Ave NE Roanoke, VA 24017
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