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    656 Elm Ave SW Roanoke, VA 24013

    For Sale
    $675,000

    5,553 SF office building near downtown Roanoke.

    Property size:
    5,553 SF
    Lot size:
    0.26 Acres

    Property Features for 656 Elm Ave SW

    General Information

    Size
    5,553 SF
    Lot size
    0.26 Acres

    Source: Hall Associates, Inc Agent Frank Martin

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

    Overview

    Roanoke Office Building For Sale

    This property offers approximately 5,553 square feet of office space. The building features modern finishes, large workrooms, cubicles, conference rooms, a courtyard, and ample natural light provided by large windows and skylights. Renovations were completed in 1988 and 1991, with an addition constructed in 2004, followed by interior upgrades. The layout allows for the potential to operate the spaces separately. The property benefits from long-term visibility and includes a monument sign. It is located near downtown Roanoke.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9552681
    Latitude
    37.2673121

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    FAQs

    What type of property is this?
    Office building - 5,553 SF office building near downtown Roanoke.
    Where is this office building located?
    The property is located at 656 Elm Ave SW 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: - +/- 5,553 square feet of office space in an exceptional location near downtown Roanoke.; - Modern finishes with **large workrooms, cubicles, conference rooms, and a courtyard.**; - Abundant natural light from **large windows and skylights.**
    (540) 761-4227
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    656 Elm Ave SW Roanoke, VA 24013
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    Roanoke, VA 24013
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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
    656 Elm Ave SW Roanoke, VA 24013
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