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    5008 Airport Rd Roanoke, VA 24012

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    For Lease
    $5 SF/Yr ($1,416 /Mo)

    Retail space with exceptional traffic and frontage in dominant hub.

    Property size:
    3,400 SF
    Lot size:
    18.88 Acres

    Property Features for 5008 Airport Rd

    General Information

    Size
    3,400 SF
    Lot size
    18.88 Acres

    Source: Divaris Real Estate - Roanoke Agent Sam McCoy

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

    Overview

    Retail Space with High Visibility

    This retail space is located in a shopping center with high traffic counts, great frontage, and visibility. The property benefits from its premier location within one of the area's dominant retail hubs. It is situated in close proximity to Valley View Mall. The location features three major, signalized, and highly traveled entrances.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Magic City Kitchen ... Kitchen Remodeler Advance Auto Parts Auto Parts Store UPS Access Point ... Shipping And Mailing Service

    Suggested Use

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

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

    Similar Places Nearby

    Market Square North

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9577988
    Latitude
    37.3173517

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    FAQs

    What type of property is this?
    Shopping center - Retail space with exceptional traffic and frontage in dominant hub.
    Where is this shopping center located?
    The property is located at 5008 Airport Rd Roanoke, VA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Exceptional traffic counts; - Great frontage and visibility; - Premier location in a dominant retail hub
    (540) 266-3970
    Request Owner's contact information
    5008 Airport Rd Roanoke, VA 24012
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    Roanoke, VA 24012
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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
    5008 Airport Rd Roanoke, VA 24012
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