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    4621 Melrose Ave NW Roanoke, VA 24017

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    For Sale
    $199,000

    Renovated commercial property in high-traffic area with easy access.

    Property size:
    1,409 SF
    Lot size:
    0.30 Acres

    Property Features for 4621 Melrose Ave NW

    General Information

    Size
    1,409 SF
    Lot size
    0.30 Acres

    Source: Walker Commercial Services Inc Agent Asher Walker

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

    Overview

    Renovated Commercial Property For Sale

    This newly renovated commercial property is located in a high-traffic area with easy access to Route 460, Orange Ave, I-581, Peters Creek Rd, I-81, Salem, and Roanoke. Recent renovations include a new roof, new garage doors, a new hot water heater, new HVAC, new windows, new door trim, updated electrical systems, fresh paint, and new flooring in the office area. The property is positioned in the Melrose West neighborhood within the city limits of Roanoke. It is located on Melrose Avenue NW, a short drive from the central area of the city. The property size is 1409 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    -80.012802
    Latitude
    37.2984009

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    FAQs

    What type of property is this?
    Industrial property - Renovated commercial property in high-traffic area with easy access.
    Where is this industrial property located?
    The property is located at 4621 Melrose Ave NW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Newly renovated with new roof, garage doors, hot water heater, HVAC, windows, door trim, updated electrical, fresh paint, and new flooring.; - Located in a high traffic area with easy access to major routes including Route 460, Orange Ave, I-581, Peters Creek Rd, I-81.; - Commercial property suitable for business operations.
    (540) 344-6160
    Request Owner's contact information
    4621 Melrose Ave NW Roanoke, VA 24017
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    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
    4621 Melrose Ave NW Roanoke, VA 24017
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