Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2727 Franklin Rd Roanoke, VA 24014

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($11,605 /Mo)

    Modern, versatile office space in Roanoke's Innovation Corridor.

    Property size:
    10,923 SF
    Lot size:
    2.04 Acres

    Property Features for 2727 Franklin Rd

    General Information

    Size
    10,923 SF
    Lot size
    2.04 Acres

    Source: Waldvogel Commercial Properties Agent Michael Waldvogel

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

    Overview

    Prime Commercial Space in Roanoke

    Located at 2727 Franklin Road, SW, in Roanoke, VA, this commercial property is available for lease. The property offers customizable floor plans and ample parking. Situated on the Franklin Road corridor in southwest Roanoke, it is part of the city's Innovation Corridor. The location provides direct access to I-581 and U.S. 220 via Wonju Street, approximately one mile west. Recent traffic studies indicate that U.S. 220/Franklin Road handles approximately 28,000 AADT. As a segment of Roanoke’s Innovation Corridor, the property is located among medical, research, and professional facilities. Its proximity to Carilion’s expanding health network and the university-driven Fralin Biomedical institute enhances its appeal for tenants seeking synergy with innovation, biotech, and healthcare partners. The property is suitable as a professional office location for tenants seeking a foothold within Roanoke’s health and research-driven growth corridor. The property has 10,923 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grifols Talecris - Plasma ... Blood Donation Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -79.9597803
    Latitude
    37.2474147

    Nearby Similar for Lease

    • $16 SF/Yr
      15,485 SF

      Downtown Beaux-Arts Style Office Space

      LEED certified office building in vibrant downtown Roanoke.
      220 Church Ave SW, Roanoke, VA 24011
      View Details
    • $12 SF/Yr
      2,000 SF

      Roanoke Office Space for Rent

      Updated office space with hardwood floors and dedicated parking.
      1524 Patrick Rd NE, Roanoke, VA 24012
      View Details
    • $15 SF/Yr
      1,550 SF

      Downtown Roanoke Office Space

      Professional office space in a beautifully restored historic building.
      120 Day Ave SW, Roanoke, VA 24016
      View Details
    • $13 SF/Yr
      48,000 SF

      Premium Office Space in Roanoke

      Plug and play office space with on-site parking.
      116 N Jefferson St, Roanoke, VA 24011
      View Details
    • $14 SF/Yr
      91,500 SF

      Refreshed Office Space Available

      Modern office space in Roanoke's revitalized central business district.
      34 Campbell Ave SW, Roanoke, VA 24011
      View Details
    • $9 SF/Yr
      4,453 SF

      Office/Industrial Space Near Downtown

      Well-maintained, affordable office/industrial space with warehouse component near downtown.
      306 6Th St SW, Roanoke, VA 24016
      View Details

    FAQs

    What type of property is this?
    Office space - Modern, versatile office space in Roanoke's Innovation Corridor.
    Where is this office space located?
    The property is located at 2727 Franklin Rd Roanoke, VA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Roanoke's Innovation Corridor, near medical, research, and professional facilities.; - Excellent connectivity with direct access to I-581 and U.S. 220.; - High visibility on Franklin Road with approximately 28,000 AADT.
    (540) 342-0800
    Request Owner's contact information
    2727 Franklin Rd Roanoke, VA 24014
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2727 Franklin Rd
    Roanoke, VA 24014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2727 Franklin Rd Roanoke, VA 24014
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.