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    1138 2Nd St Roanoke, VA 24016

    Sponsored
    For Lease
    $15 SF/Yr ($13,750 /Mo)

    11,000 SF Office Building, 2,100 SF Available

    Lot size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 11,000-square-foot office building in Roanoke, Virginia, presents a unique investment opportunity. Located at 1138 2nd St SW, 24016, this Class B property boasts a desirable Old SW location, offering excellent visibility and access from both 1st and 2nd Streets. Built in 1958 and renovated in 2009, the building features three suites, with 2,100 square feet currently vacant. The available space is situated on the second floor and includes a reception area, four private offices, a kitchenette, and access to common area restrooms. The building is ADA-compliant, equipped with an elevator, and provides ample parking with 50 spaces. The 0.82-acre lot has a 3.1 FAR. The property is zoned MX and has an APN of 1023205. Its convenient location between Franklin Road and Jefferson Street provides easy access to downtown Roanoke. This versatile property is suitable for various office uses, including medical, traditional, and creative office spaces, making it an attractive option for a range of businesses. The building's strong location and adaptable space make it an ideal investment for those seeking a well-maintained property in a thriving area.

    Property Features for 1138 2Nd St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,000 SF
    Class
    B
    Total Rate
    13750

    Building Details

    Year Built/Renovated
    1958/2009
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 201
    Size
    2,100 SF
    Rate per SF
    $15

    HighLights

    • 11,000 SF two‑story office building in Roanoke, VA's desirable Old SW neighborhood.
    • Class B property at 1138 2nd St SW, 24016, with excellent visibility and access.
    • Three suites, 2,100 SF currently vacant (second floor, reception, four offices, kitchenette).
    • ADA‑compliant, elevator, 50 parking spaces, 0.82‑acre lot (3.1 FAR), MX zoning, APN 1023205.
    • Built 1958, renovated 2009; suitable for various office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lepeter Alan J ... Ophthalmologist Virginia Autism and Behavior ... Mental Health Service Elizabeth Brown Psychologist Mosaic Pediatric Therapy Pediatric Clinic

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    -79.943916791198
    Latitude
    37.262072501422

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    FAQs

    What type of property is this?
    Office space - 11,000 SF Office Building, 2,100 SF Available
    Where is this office space located?
    The property is located at 1138 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: 11,000 SF two-story office building in Roanoke, VA's desirable Old SW neighborhood.; Class B property at 1138 2nd St SW, 24016, with excellent visibility and access.; Three suites, 2,100 SF currently vacant (second floor, reception, four offices, kitchenette).
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    1138 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
    1138 2Nd St Roanoke, VA 24016
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