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    2728 Colonial Ave Roanoke, VA 24015

    For Lease
    $14 SF/Yr

    Prime Office Space, Convenient Location

    Lot size:
    24,685 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This single-story, 24,685 square foot Class B office building, located at 2728 Colonial Ave SW, Roanoke, VA 24015, offers executive and traditional office spaces. Built in 1950 and renovated in 2012, the property is zoned CN and features a minimum divisible space of 120 square feet, with 1,819 square feet currently vacant. The building boasts a convenient location on Colonial Avenue, just off Interstate 581, between Towers Shopping Center and Virginia Western College, providing easy access for clients. Rental rates range from $14.95 to $17.95 per rentable square foot, inclusive of utilities and janitorial services. A 10% common area factor is added to the usable square footage to determine the rentable square footage. Ample parking is available for tenants in the rear, and guest parking is provided in the front. This property presents a unique opportunity for businesses seeking a well-maintained, conveniently located office space in Roanoke, Virginia. The APN is 1280304.

    Property Features for 2728 Colonial Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,685 SF
    Class
    B
    Total Rate
    30753.4

    Building Details

    Year Built/Renovated
    1950/2012
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 20
    Size
    486 SF
    Rate per SF
    $15
    Space
    Suite 103
    Size
    540 SF
    Rate per SF
    $14
    Space
    Suite 121
    Size
    132 SF
    Rate per SF
    $17
    Space
    Suite 123
    Size
    286 SF
    Rate per SF
    $17
    Space
    Suite 115
    Size
    132 SF
    Rate per SF
    $17
    Space
    Suite 120
    Size
    154 SF
    Rate per SF
    $17

    HighLights

    • Excellent Interstate 581 access via Colonial Avenue exit.
    • High‑traffic visibility and convenient access to major thoroughfares.
    • Ample parking available for tenants and customers.
    • Modern, well‑maintained building with updated systems.
    • Flexible floor plans to accommodate various business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Law Office of Kirk ... Bankruptcy Attorney Bowman Gary M Attorney Ashton Law Office, ... Attorney Body & Sole Therapy ... Massage Spa Massage by Maggie Massage Therapist

    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
    Roanoke
    State
    Virginia
    Longitude
    -79.9625948
    Latitude
    37.2504489

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, Convenient Location
    Where is this office property / space located?
    The property is located at 2728 Colonial Ave Roanoke, VA.
    What is the lease rate?
    The lease rate is $14-$17 SF/Yr.
    What are key features of this property?
    This property features: Excellent Interstate 581 access via Colonial Avenue exit.; High-traffic visibility and convenient access to major thoroughfares.; Ample parking available for tenants and customers.
    Request Owner's contact information
    2728 Colonial Ave Roanoke, VA 24015
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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
    2728 Colonial Ave Roanoke, VA 24015
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