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    2847 Penn Forest Blvd Roanoke, VA 24018

    For Lease
    $17 SF/Yr ($2,083 /Mo)

    Two-story office building with easy access to major routes.

    Property size:
    1,471 SF
    Lot size:
    0.73 Acres

    Property Features for 2847 Penn Forest Blvd

    General Information

    Size
    1,471 SF
    Lot size
    0.73 Acres

    Source: F+W Real Estate Group Agent Brandon Meade

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

    Overview

    Office Space in F + W Office Park

    This two-story office building is located off Penn Forest Boulevard in Southwest County, offering convenient access to I-581 and Route 220. Situated within the highly desirable F + W Office Park, the property features a campus-like setting with ample on-site lighted parking. On-site management and full-service maintenance are available. The building includes elevator access and a courtyard with outdoor seating. Its location provides close proximity to shopping and dining options. New LED lighting, ceiling tile, and paint are offered to new tenants, subject to an acceptable lease term. The property has a size of 1471 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elancé Luxury Living Retirement Community RUI Development Association / Organization Retirement Unlimited Inc Retirement Community Valley Financial Solutions Financial Planner Steve Martin Valley Financial Consultant

    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
    -79.9896129
    Latitude
    37.2223925

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    FAQs

    What type of property is this?
    Office space - Two-story office building with easy access to major routes.
    Where is this office space located?
    The property is located at 2847 Penn Forest Blvd Roanoke, VA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Extremely desirable F + W Office Park location in Southwest County.; - Easy access to I-581 and Rt-220.; - Benefit from on-site management and full-service maintenance.
    (540) 774-1641
    Request Owner's contact information
    2847 Penn Forest Blvd Roanoke, VA 24018
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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
    2847 Penn Forest Blvd Roanoke, VA 24018
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