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    3902 Franklin Rd Roanoke, VA 24014

    Sponsored
    For Lease
    $14 SF/Yr

    7,000 sq ft Office, Ample Parking

    Lot size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,000 square foot single-tenant office building is ideally situated at 3902 Franklin Road in Roanoke's desirable Tanglewood area. The property sits on a 0.83-acre lot and boasts convenient access to major thoroughfares, including easy access to Route 220 and Franklin Road itself, ensuring high visibility and accessibility for your business. The building is well-maintained and offers ample parking for employees and clients, a significant advantage in a competitive market. Currently configured as a traditional office space, this property presents a versatile opportunity. Its CG zoning within the City of Roanoke allows for a variety of office and retail uses, providing flexibility for future expansion or adaptation to evolving business needs. The building's prime location and functional design make it an attractive option for businesses seeking a well-established presence in a thriving area. This is a rare opportunity to acquire a substantial, well-located office building with significant potential. The property's size, parking, and zoning flexibility combine to create a compelling investment prospect. Serious inquiries are encouraged.

    Property Features for 3902 Franklin Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,000 SF

    Unit(s) available at that property

    Space
    Size
    7,000 SF
    Rate per SF
    $14

    HighLights

    • 7,000 sq. ft. Traditional Office building.
    • Single‑tenant occupancy.
    • 0.83 acres of land.
    • Located in Roanoke's Tanglewood area with convenient access to US‑220 and Franklin Road.
    • CG zoning allows for office and retail uses.
    • Ample parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Insurance Services Virginia Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.971181
    Latitude
    37.2307429

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    FAQs

    What type of property is this?
    Office Property / Space - 7,000 sq ft Office, Ample Parking
    Where is this office property / space located?
    The property is located at 3902 Franklin Rd Roanoke, VA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 7,000 sq. ft. Traditional Office building.; Single-tenant occupancy.; 0.83 acres of land.
    Request Owner's contact information
    3902 Franklin Rd Roanoke, VA 24014
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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
    3902 Franklin Rd Roanoke, VA 24014
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