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    442 Rutherford Ave Roanoke, VA 24016

    Sponsored
    For Lease
    $13 SF/Yr

    Modern Office & Warehouse Space

    Lot size:
    30,635 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A property in Roanoke, Virginia, offers 30,635 square feet of versatile space, ideal for a single tenant. Built in 1981 and extensively renovated in 2019, the building boasts approximately 25,000 square feet of modern office space, featuring a mix of executive suites, private offices, and open work areas. A substantial 15,000-square-foot high-ceiling warehouse is located at the rear, complete with a mezzanine for additional storage and a fenced outdoor storage area. The warehouse features convenient dock-high and drive-in loading capabilities. The property includes 88 designated parking spaces and is situated on a lot with ample room for storage. Its prime location just outside of Downtown Roanoke provides easy access to Interstate 581 and Route 460, ensuring seamless regional connectivity. Public transportation is readily available via nearby Valley Metro routes. The property is zoned CG and has an APN of 3025005. This exceptional property is available for lease, and also for sale at $3,790,000.

    Property Features for 442 Rutherford Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,635 SF
    Class
    A
    Total Rate
    34464.38

    Building Details

    Year Built/Renovated
    1981/2019
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    30,635 SF
    Rate per SF
    $13

    HighLights

    • Class A, 30,635 SF building in Roanoke, VA, suitable for single tenant occupancy.
    • Recently renovated (2019), featuring 25,000 SF of modern office space and a 15,000 SF warehouse with mezzanine.
    • 88 parking spaces and ample outdoor storage.
    • Prime location near I‑581 and Route 460, with public transportation access.
    • Zoned CG, APN 3025005; available for lease or sale at $3,790,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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?
    Distribution property - Modern Office & Warehouse Space
    Where is this distribution property located?
    The property is located at 442 Rutherford Ave Roanoke, VA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Class A, 30,635 SF building in Roanoke, VA, suitable for single tenant occupancy.; Recently renovated (2019), featuring 25,000 SF of modern office space and a 15,000 SF warehouse with mezzanine.; 88 parking spaces and ample outdoor storage.
    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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