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    631-635 Peters Creek Rd NW Roanoke, VA 24017

    For Lease
    $12 SF/Yr ($1,750 /Mo)

    Retail space with high visibility and strong residential base.

    Property size:
    1,750 SF
    Lot size:
    1.61 Acres

    Property Features for 631-635 Peters Creek Rd NW

    General Information

    Size
    1,750 SF
    Lot size
    1.61 Acres

    Source: Waldvogel Commercial Properties Agent Michael Waldvogel

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

    Overview

    Retail Space in High-Traffic Area

    This retail space is situated in a centrally located retail strip between Salem and Roanoke. The property benefits from high visibility and a strong residential neighborhood base. Approximately 33,000 vehicles pass through the intersection daily. The property offers 1,750 square feet of retail space and is suitable for various retail purposes.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -80.0079516
    Latitude
    37.2797849

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    FAQs

    What type of property is this?
    Strip mall - Retail space with high visibility and strong residential base.
    Where is this strip mall located?
    The property is located at 631-635 Peters Creek Rd NW Roanoke, VA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location.; - 33,000 vehicles per day pass through the intersection.; - Centrally located to Salem and Roanoke.
    (540) 342-0800
    Request Owner's contact information
    631-635 Peters Creek Rd NW 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
    631-635 Peters Creek Rd NW Roanoke, VA 24017
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