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    1011 2Nd St Roanoke, VA 24016

    Sponsored
    For Lease
    $15 SF/Yr ($4,117 /Mo)

    1,818 SF Office, Old Southwest Charm

    Lot size:
    3,294 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This charming 1,818-square-foot office space, located at 1011 2nd Street SW in Roanoke, Virginia's Old Southwest submarket, is situated on a 0.18-acre lot. The building, constructed in 1939, is a two-story, Class C property with a single tenant occupancy. The space features a reception area, four individual offices, a dedicated conference room, and a convenient break room/kitchenette. The property offers seven total parking spaces. The building's traditional office layout is complemented by its creative office suitability, making it ideal for a variety of professional uses, including law firms, financial planning services, or other similar businesses. Its prime location between Highland Ave SW and Albemarle offers excellent visibility and accessibility. The surrounding area boasts a mix of professional offices, including wealth advisory firms and law offices, and a recently opened café is located within a short distance. The property's zoning is MX. The building does not include elevators. This is a single-tenant space within a larger building totaling 3,294 square feet. The property presents a unique opportunity to establish a presence in a vibrant and established professional district.

    Property Features for 1011 2Nd St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,294 SF
    Class
    C
    Total Rate
    4117.5

    Building Details

    Year Built
    1939
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    1,818 SF
    Rate per SF
    $15

    HighLights

    • Stately architecture and professionally landscaped grounds.
    • Quiet neighborhood location.
    • Backup generator for reliable power.
    • On‑site parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    SiteVision, Inc. Website Designer MedEvac WeatherSAFE Software Company

    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
    Roanoke
    State
    Virginia
    Longitude
    -79.94360200282
    Latitude
    37.264219730483

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    FAQs

    What type of property is this?
    Office space - 1,818 SF Office, Old Southwest Charm
    Where is this office space located?
    The property is located at 1011 2Nd St Roanoke, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Stately architecture and professionally landscaped grounds.; Quiet neighborhood location.; Backup generator for reliable power.
    Request Owner's contact information
    1011 2Nd St 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
    1011 2Nd St Roanoke, VA 24016
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