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    111 Franklin Rd Roanoke, VA 24011

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    For Lease
    $22 SF/Yr ($7,817 /Mo)

    Office space for rent with flexible space plans.

    Property size:
    4,264 SF
    Lot size:
    1.28 Acres

    Property Features for 111 Franklin Rd

    General Information

    Size
    4,264 SF
    Lot size
    1.28 Acres

    Source: Cushman & Wakefield | Thalhimer - Roanoke Agent Barry Ward

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

    Overview

    Prime Office Space Available

    Office space is available on the prime northwest corner of the building, with entry off the elevator lobby. The space can be demised. The building features concrete and steel-frame construction with concrete, glass, and aluminum-sided exterior walls. Large floor plates allow for flexible space plans, offering the opportunity to design your own suite with modern, state-of-the-art building materials. On-site security and a guard are present in the lobby. The building is equipped with four elevators, including freight and ADA elevators. The lobby has been recently renovated, and the building is fully sprinkled. On-site parking is available and adjacent to parking in the Elmwood Garage and Elmwood Lot. The property offers views of Elmwood Park, Mill Mountain, and downtown. It is conveniently located near restaurants, I-581, and transit via the free Star City Trolley that runs every 15 minutes. The property has a size of 4264 square feet and is located at 111 Franklin Rd, Roanoke, VA.
    Insight Report Location Intelligence

    Current Use by Public Records

    David I. Tenzer, ... Labor Relations Attorney Ted E. Troland, ... Attorney Mark Feldmann Attorney Paul G. Beers, ... Attorney Foot Levelers Blue ... Event Management Company

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm 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
    -79.9386752
    Latitude
    37.2694471

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    FAQs

    What type of property is this?
    Office space - Office space for rent with flexible space plans.
    Where is this office space located?
    The property is located at 111 Franklin Rd Roanoke, VA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on northwest corner with views of Elmwood Park, Mill Mountain, and downtown.; - Flexible space plans due to large floor plates and demising options.; - Opportunity to design a custom suite with modern, state-of-the-art building materials.
    (540) 767-3000
    Request Owner's contact information
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    Roanoke, VA 24011
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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
    111 Franklin Rd Roanoke, VA 24011
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