Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5430 Peters Crk Rd Hollins, VA 24019

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A Office Suites, North Roanoke, VA

    Lot size:
    3,037 SF

    Property Features for 5430 Peters Crk Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,037 SF
    Class
    A
    Total Rate
    3290.08

    Building Details

    Year Built
    1998

    Spaces For Lease

    at 5430 Peters Crk Rd, Hollins, VA 24019 Contact us
    Unit 2nd-209

    $14 /Mo

    Size
    940 SF
    Contact us
    Unit 2nd -213

    $13 /Mo

    Size
    505 SF
    Contact us

    We can help!

    Listing Contact
    Bryan Musselwhite, Ccim
    Bryan Musselwhite, Ccim

    Listing Agency: Poe & Cronk Real Estate Listing Agent: Bryan Musselwhite, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A office space, located within the desirable Woodhaven Office Park in Roanoke, Virginia (zip code 24019), offers a variety of flexible suite sizes. The property, situated on 1.14 acres at 5430 Peters Creek Road, boasts a total of 3,037 square feet, with 1,445 square feet currently vacant. Suites range from a minimum of 505 square feet to a maximum contiguous space of 940 square feet, making it ideal for businesses of various sizes. Built in 1998, the building offers traditional, executive, and creative office spaces within a quiet, well-maintained office park setting. The property's convenient location offers easy access to I-581 and I-81, providing excellent regional connectivity. Tenancy is multiple, with a modified net lease structure. Utilities are shared, with tenants responsible for electricity and the owner covering water expenses. The park's proximity to Getty Mart and its immediate access from Peters Creek Road further enhance its appeal. This presents a unique opportunity to establish a presence in a highly sought-after North Roanoke location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollins
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.9738792
    Latitude
    37.3363924

    Nearby Similar for Lease

    • $13 SF/Yr
      505 SF

      North Roanoke Office Space Available

      First-class office space in a sought-after office park.
      5430 Peters Crk Rd, Hollins, VA
      View Details
    • Contact for pricing
      1,500 SF

      Office Space Near Airport

      Office spaces available for lease near Roanoke Regional Airport.
      5306-5312 Peters Crk Rd, Hollins, VA
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in High-Traffic Area

      Retail spaces available in a high-traffic location.
      7206-7240 Williamson Rd, Hollins, VA
      View Details
    • $14 SF/Yr
      19,680 SF

      Hollins Office Space Available

      Premium Office Suites in Roanoke Valley
      5251 Concourse Dr, Hollins, VA 24019
      View Details
    • $13 SF/Yr
      34,318 SF

      North Park Office Suites, Hollins, VA

      Prime Hollins Office Space: 1,202-3,668 sq ft.
      6701 Peters Crk Rd, Hollins, VA 24019
      View Details
    • $5 SF/Yr
      1 SF

      Enon Drive Warehouse Space Available

      27,500 SF Warehouse, Prime Location
      7703 Enon Dr, Hollins, VA 24019
      View Details

    FAQs

    What type of property is this?
    Office space - Class A Office Suites, North Roanoke, VA
    Where is this office space located?
    The property is located at 5430 Peters Crk Rd Hollins, VA.
    What is the lease rate?
    The lease rate is $13-$14 SF/Yr.
    What are key features of this property?
    This property features: Class A office space in desirable Woodhaven Office Park, Roanoke, VA (24019).; 3,037 square feet total, with 1,445 square feet currently available for lease.; Suite sizes range from 505 to 940 contiguous square feet.
    (540) 982-2444 Call to check price and availability
    Request Owner's contact information
    5430 Peters Crk Rd Hollins, VA 24019
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5430 Peters Crk Rd
    Hollins, VA 24019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5430 Peters Crk Rd Hollins, VA 24019
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bryan Musselwhite, Ccim
    Bryan Musselwhite, Ccim
    Real Estate License ID: 0225190438
    (540) 982-2444 (540) 314-7796 (540) 855-3654
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!