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    442 Rutherford Ave Roanoke, VA 24016

    For Sale
    $3,495,000

    Modern office, warehouse, ample parking.

    Property size:
    30,635 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A office and warehouse property, totaling 30,635 square feet, is ideally situated in Roanoke, Virginia, at 442 Rutherford Ave NE, zip code 24016. Built in 1981 and extensively renovated in 2019, this single-tenant building sits on a 3-acre lot (APN: 3025004, 3025005, 3025006) and is zoned CG (Commercial - General). The property features approximately 25,000 square feet of modern office space, including executive suites, private offices, and open work areas. A substantial 5,000 square foot high-ceiling warehouse is located at the rear, complete with a mezzanine for additional storage and both dock-high and drive-in loading capabilities. The property also boasts 88 designated parking spaces and a fenced lot for secure outdoor storage. The asking price is $3,495,000 ($114.09/sq ft), and the property is currently under a short-term lease with The Branch Group, Inc., with an occupancy date of February 16, 2024. This prime location offers convenient access to I-581 and Route 460, providing easy access to all regional areas. Public transportation is also readily available via nearby Valley Metro access points. The property is offered as an owner/user investment opportunity with a NNN lease type.

    Property Features for 442 Rutherford Ave

    General Information

    Property type
    Medical offices
    Square Feet
    30,635 SF
    Class
    A
    Lot Size
    130,680 SF

    Building Details

    Year Built/Renovated
    1981/2019
    Buildings
    1

    HighLights

    • Class A office warehouse space available.
    • Prestigious building in a prime location, excellent condition.
    • Ample on‑site parking.
    • Suitable for multi‑tenant occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.931939434845
    Latitude
    37.27902072431

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    FAQs

    What type of property is this?
    Medical office - Modern office, warehouse, ample parking.
    Where is this medical office located?
    The property is located at 442 Rutherford Ave Roanoke, VA.
    What is the asking price?
    The asking price for this property is $3,495,000.
    What are key features of this property?
    This property features: Class A office warehouse space available.; Prestigious building in a prime location, excellent condition.; Ample on-site parking.
    Request Owner's contact information
    442 Rutherford Ave 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
    442 Rutherford Ave Roanoke, VA 24016
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