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    2121 Colonial Ave SW Roanoke, VA 24015

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    For Lease
    Contact for pricing

    Retail space available in a well-visited shopping center.

    Property size:
    22,832 SF
    Lot size:
    22.24 Acres

    Property Features for 2121 Colonial Ave SW

    General Information

    Size
    22,832 SF
    Lot size
    22.24 Acres

    Source: Rappaport Agent Will Collins

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

    Overview

    Regional Shopping Center Retail Space

    This property offers retail space within a 290,283 square foot regional shopping center. The shopping center is anchored by two grocers: Kroger and Fresh Market. The property is located within a 10-mile radius of over 236,000 residents and is the second most visited open-air shopping center in the surrounding Roanoke market. The available space measures 22,832 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coinstar Kiosk | Bitcoin ... Atm

    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
    -79.9563308
    Latitude
    37.2547413

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in a well-visited shopping center.
    Where is this shopping center located?
    The property is located at 2121 Colonial Ave SW Roanoke, VA.
    What are key features of this property?
    This property features: - Anchored by two grocers: Kroger and Fresh Market; - 290,283 SF regional shopping center; - Second most visited “open air” shopping center within the surrounding Roanoke market
    (571) 382-1200
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    Roanoke, VA 24015
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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
    2121 Colonial Ave SW Roanoke, VA 24015
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