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    525 Orange Ave NE Roanoke, VA 24016

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    For Sale
    $675,000

    2,200 SF retail building on 0.43-acre lot for sale.

    Property size:
    2,200 SF
    Lot size:
    0.43 Acres

    Property Features for 525 Orange Ave NE

    General Information

    Size
    2,200 SF
    Lot size
    0.43 Acres

    Source: Cushman & Wakefield | Thalhimer - Roanoke Agent Kent Roberts

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

    Overview

    Free Standing Retail Building

    This is a 2,200 square foot free-standing retail building situated on a 0.43-acre lot. The property is zoned CG by the City of Roanoke and benefits from high visibility and approximately 190 front feet on Orange Avenue. It features two curb cuts and is located in an Opportunity Zone. The location experiences an annual average weekday traffic count of 39,000 vehicles. The property is located 0.30 miles east of I-581 and is proximate to the Berglund Center (Roanoke Civic Center) and Berglund Performing Arts Theater. Recent projects in the immediate area include Starbucks, Dunkin Donuts, and Holiday Inn Express.
    Insight Report Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm The Palace Vape Shop Vaporizer Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Law Firm Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9323612
    Latitude
    37.2819548

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    FAQs

    What type of property is this?
    Retail space - 2,200 SF retail building on 0.43-acre lot for sale.
    Where is this retail space located?
    The property is located at 525 Orange Ave NE Roanoke, VA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - High visibility location with 39,000 Annual Average Weekday Traffic.; - 2,200 SF Free Standing Retail building on a 0.43-acre lot.; - Boasts ±190 front feet on Orange Avenue with two generous curb cuts.
    (540) 309-3310
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    525 Orange Ave NE Roanoke, VA 24016
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    Roanoke, VA 24016
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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
    525 Orange Ave NE Roanoke, VA 24016
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