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    5251 Concourse Dr Hollins, VA 24019

    Sponsored
    For Lease
    $14 SF/Yr

    Premium Office Suites in Roanoke Valley

    Lot size:
    19,680 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional office property, located at 5251 Concourse Dr, Hollins, VA 24019, offers 19,680 square feet of versatile space ideal for executive or medical offices. Currently, there are two immediately available suites totaling 4,914 contiguous square feet, with a minimum divisible space of 2,099 square feet. Suite 2A offers 2,099 square feet, while Suite 2B provides 2,815 square feet. The property's prime location in Roanoke County provides easy access to major roadways, including Interstates 581 and 81, as well as the Roanoke Regional Airport. This strategic location also places the property in close proximity to the Valley View Mall and downtown Roanoke, offering employees and clients convenient access to a variety of amenities. The building is perfect for businesses seeking a professional and accessible location within a thriving commercial center. The suites are ready for immediate occupancy and offer a high-quality environment for any professional practice. This is a multi-tenant building, providing a diverse and collaborative atmosphere. Don't miss this opportunity to secure prime office space in a highly desirable location.

    Property Features for 5251 Concourse Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,680 SF
    Total Rate
    22960

    Unit(s) available at that property

    Space
    Available Suite 2A
    Size
    2,099 SF
    Rate per SF
    $14
    Property Profile Location Intelligence

    Current Use by Public Records

    W.M. Jordan Company Construction Company Pike Electric Inc Electrician Angela Bedwell Family Practice Physician GSI Commerce Inc Business Management Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollins
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.990513
    Latitude
    37.332519

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    FAQs

    What type of property is this?
    Medical office - Premium Office Suites in Roanoke Valley
    Where is this medical office located?
    The property is located at 5251 Concourse Dr Hollins, VA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
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    5251 Concourse Dr Hollins, 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
    5251 Concourse Dr Hollins, VA 24019
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