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    89 Summers Way Roanoke, VA 24019

    Sponsored
    For Lease
    $11 SF/Yr ($11,500 /Mo)

    Botetourt County, VA - Multi-Tenant Office Building

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-suite office building, located at 89 Summers Way in Roanoke, Virginia, presents a unique investment opportunity. The 12,000 square foot building sits on 1.54 acres of land and boasts a Class B rating. The property features a total of 30 parking spaces, providing ample convenience for tenants and visitors. The building is comprised of two suites, offering flexible space options ranging from 1,500 to 2,756 square feet, suitable for various office needs. The property's zoning is classified as B. Its convenient location in the Summerfield Village Development, situated on Alt 220 between routes 460 and I-81, places it within a rapidly growing area of Botetourt County. This strategic location offers excellent visibility and accessibility. The property benefits from its proximity to established businesses, including Carilion Wellness - Botetourt, Shenandoah Podiatry, Vistar Eye Center, Eye Care and Surgery, and Little People Learning Center, creating a thriving commercial environment. The two-story building offers multiple tenancy options, making it ideal for a variety of businesses seeking a well-located and functional office space in a vibrant community. The property's APN is 107(9)5. This is a rare opportunity to acquire a well-positioned office building in a high-growth area of Botetourt County.

    Property Features for 89 Summers Way

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Class
    B
    Total Rate
    11500

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    202
    Size
    2,756 SF
    Rate per SF
    $11
    Space
    Suite 100 - Built to Suit
    Size
    1,500 SF
    Rate per SF
    $11

    HighLights

    • Adjacent to Carilion Wellness (Botetourt Athletic Club).
    • Proximity to various medical and professional offices.
    • Convenient to Little People Learning Center, Cloverdale Elementary, and Read Mountain Middle schools.
    • Features an elevator and a ground floor suite with a private entrance.
    • Desirable rural setting with easy access to major roadways (I‑81, Routes 460, 220, and 11).
    • 20‑minute commute to Downtown Roanoke and its restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    WorkForce Unlimited, LLC Employment Agency Dr. Colleen A. Kraft, ... Pediatrician Dr. John E. ... Pediatrician Craft Jr William ... Doctor Arthur Kunkle Pediatrician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.886364208294
    Latitude
    37.355363965004

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    FAQs

    What type of property is this?
    Office space - Botetourt County, VA - Multi-Tenant Office Building
    Where is this office space located?
    The property is located at 89 Summers Way Roanoke, VA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Adjacent to Carilion Wellness (Botetourt Athletic Club).; Proximity to various medical and professional offices.; Convenient to Little People Learning Center, Cloverdale Elementary, and Read Mountain Middle schools.
    Request Owner's contact information
    89 Summers Way Roanoke, VA 24019
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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
    89 Summers Way Roanoke, VA 24019
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