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    541 Luck Ave Roanoke, VA 24016

    Sponsored
    For Lease
    $14 SF/Yr

    Roanoke, VA Office Space Available

    Lot size:
    147,486 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Jefferson Center, located at 541 Luck Ave SW in Roanoke, Virginia (zip code 24016), offers a unique opportunity to lease office space in a historic building. This 147,486 square foot building provides multiple tenancy options, with spaces ranging from a minimum of 675 square feet to a maximum contiguous space of 5,935 square feet. Currently, 12,127 square feet of space is vacant and available for lease. The building's architectural style reflects the inspiring aesthetic of the 1920s. The property is categorized as Traditional Office, Executive Office, and Creative Office space, making it suitable for a variety of businesses. Leasing rates are below market value and include full-service amenities such as utilities, maintenance, and janitorial services. Tenants are only responsible for their own data and phone services. The building is situated in Roanoke County. This location offers a blend of historical charm and modern convenience, providing an ideal setting for organizations seeking a unique and inspiring workspace. The property is perfect for both long-term and short-term tenants. Inquire today to learn more about available spaces and lease terms.

    Property Features for 541 Luck Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    147,486 SF
    Total Rate
    172067

    Unit(s) available at that property

    Space
    Suite 305
    Size
    675 SF
    Rate per SF
    $14
    Space
    Suite 200
    Size
    1,255 SF
    Rate per SF
    $14

    HighLights

    • Highly competitive lease rates.
    • Abundant on‑site parking.
    • Full‑service gross lease.
    • Prime Downtown West location.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Vista Montessori ... Preschool Greenberg Law Firm Attorney Final Track Studios Recording Studio Apple Ridge Farm Non-Profit Organization Jefferson Center Performing Arts Theater

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.9519961
    Latitude
    37.2704462

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    FAQs

    What type of property is this?
    Office space - Roanoke, VA Office Space Available
    Where is this office space located?
    The property is located at 541 Luck Ave Roanoke, VA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Highly competitive lease rates.; Abundant on-site parking.; Full-service gross lease.
    Request Owner's contact information
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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
    541 Luck Ave Roanoke, VA 24016
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