Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    15 Salem Ave Roanoke, VA 24011

    For Lease
    $16 SF/Yr

    Prime Office Suites, Move-In Ready

    Lot size:
    4,929 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional, renovated office building in the heart of downtown Roanoke offers two available suites totaling 1,330 to 3,599 square feet of versatile space. The building, classified as Class B, boasts attractive features including high ceilings, exposed brick walls, and an elevator for convenient access to all three floors. ADA-compliant restrooms are provided for accessibility. Suite 213 is immediately available, while Suite 300 will be ready for occupancy in January 2025. The property is zoned D and features a single building with multiple tenancies. Its central location places it within easy walking distance of Roanoke's vibrant entertainment district, museums, and acclaimed restaurants. The property's address is 15 Salem Ave SE, Roanoke, VA 24011, and its Assessor's Parcel Number (APN) is 4010311. The building is suitable for various office uses, including executive, coworking, traditional, creative, and medical offices. This is a unique opportunity to secure high-quality office space in a thriving downtown location.

    Property Features for 15 Salem Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,929 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 300
    Size
    3,599 SF
    Rate per SF
    $16
    Space
    Suite 213
    Size
    1,330 SF
    Rate per SF
    $16

    HighLights

    • Abundant natural light.
    • High ceilings with exposed brick.
    • Elevator service.
    • Prime Roanoke restaurant location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The EI Group, Inc. Environmental Consultant Trinity Consultants Environmental Consultant Chapter 13 Trustee Bankruptcy Service LPA Engineer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.939871413856
    Latitude
    37.272472321682

    Nearby Similar for Lease

    • $16 SF/Yr
      15,485 SF

      Downtown Beaux-Arts Style Office Space

      LEED certified office building in vibrant downtown Roanoke.
      220 Church Ave SW, Roanoke, VA 24011
      View Details
    • $12 SF/Yr
      10,923 SF

      Prime Commercial Space in Roanoke

      Modern, versatile office space in Roanoke's Innovation Corridor.
      2727 Franklin Rd, Roanoke, VA 24014
      View Details
    • $12 SF/Yr
      2,000 SF

      Roanoke Office Space for Rent

      Updated office space with hardwood floors and dedicated parking.
      1524 Patrick Rd NE, Roanoke, VA 24012
      View Details
    • $15 SF/Yr
      1,550 SF

      Downtown Roanoke Office Space

      Professional office space in a beautifully restored historic building.
      120 Day Ave SW, Roanoke, VA 24016
      View Details
    • $13 SF/Yr
      48,000 SF

      Premium Office Space in Roanoke

      Plug and play office space with on-site parking.
      116 N Jefferson St, Roanoke, VA 24011
      View Details
    • $14 SF/Yr
      91,500 SF

      Refreshed Office Space Available

      Modern office space in Roanoke's revitalized central business district.
      34 Campbell Ave SW, Roanoke, VA 24011
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Office Suites, Move-In Ready
    Where is this medical office located?
    The property is located at 15 Salem Ave Roanoke, VA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Abundant natural light.; High ceilings with exposed brick.; Elevator service.
    Request Owner's contact information
    15 Salem Ave Roanoke, VA 24011
    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.
    15 Salem Ave
    Roanoke, VA 24011
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    15 Salem Ave Roanoke, VA 24011
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.