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Flex Building with Drive-In Bays

3768 Peters Creek Road, Roanoke, VA 24018

For Lease
$10 SF/Yr

Versatile flex building with two warehouse spaces, drive-in doors, ample parking, and finished office with three restrooms.

Space Size3,840 SF
Days on Market142

Property Features for 3768 Peters Creek Road

General Information

Standard status Active
Size 3,840 SF
Class C
Property subtype Office
Zoning CG
Lease Term NNN

Site & Location

Traffic Count 20,000 vehicles/day
Highway Access Yes
Road Access Yes

Additional Details

Drive-In Doors 2

Building Details

Building Size 3,840 SF

Spaces For Lease

at 3768 Peters Creek Road
Warehouse/Office Flex $10/SF/Yr
Size 3,840 SF
Type Office Warehouse
Term 36 months
Contact us
Listing Agency: Waldvogel Commercial Properties
Listed By: Michael Waldvogel, CCIM, SIOR · License VA #0225079460
Source: Waldvogelcommercial
Added: Jun 22 Changed: Nov 8 Last Checked: Nov 10 at 6:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waldvogel Commercial Properties

Rey
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Investment Insights

Based on property information with market context.

The property is a versatile flex building with two expansive warehouse spaces and two drive-in bay doors, supported by ample on-site parking. It also includes finished office space with three restrooms, providing a functional layout for operations that need both warehouse and administrative space. With CG zoning, the building can accommodate a wide range of commercial, retail, and service uses, including workshops.

Located with Peters Creek Road frontage and positioned just beyond the intersection of Peters Creek Road and Brandon Avenue/Rt 11/Lee Highway, the site benefits from access to two Roanoke connecting traffic arteries. The property reports an AAWDT of 20,000 vehicles and sits in an area immediately surrounded by commercial and industrial enterprises, with dense residential communities nearby. LewisGale Medical Center and the Salem VA Medical Center are both less than 10 minutes away, with Salem, Downtown Roanoke, and access to I-581 and I-81 generally around 15 minutes or less.

For tenants and operators, the combination of warehouse bays, finished office improvements, and practical parking supports day-to-day workflow for service, light industrial, and customer-facing business models. The drive-in access is well-suited to warehouse storage and movement needs, while the office buildout and three restrooms help support on-site staff and customer interaction.

Key Highlights

  • 1967‑built flex building with two expansive warehouse spaces and finished office space
  • Two drive‑in bay doors plus ample on‑site parking
  • Finished office includes three restrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Auto Parts Store Spa & Massage Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Drive-in doors
20,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

331
Businesses Nearby
Under-served
Demand for This Use

Demographics for 24018, VA

39,144
Population
17,546
Households
2.2
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
42.8 sq mi
ZIP Area
915
Density / Sq Mi
$90,383
Median Household Income
$53,350
Median Earnings
$1,221
Median Rent
$327,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Roanoke, VA

$10.11 /SF/Yr
Avg Asking Price
$5.5–$15 /SF/Yr
Price Range
6,006 SF
Avg Space Size

This space is priced 1% below the average of $10.11 /SF/Yr.

Properties on Market for Flex space in Roanoke

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Roanoke, VA

5% 2019
6% 2020
7.5% 2021
7% 2022
7.6% 2023
5.6% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Versatile flex building with two warehouse spaces, drive-in doors, ample parking, and finished office with three restrooms.
Where is this flex space located?
The property is located at 3768 Peters Creek Road Roanoke, VA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 1967‑built flex building with two expansive warehouse spaces and finished office space; Two drive‑in bay doors plus ample on‑site parking; Finished office includes three restrooms
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