Commercial Real Estate Market in Roanoke, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 351 off-market properties in Roanoke, AL.
Market Trends
Roanoke, AL spans 179.6 square miles in Randolph County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Roanoke, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Roanoke, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Roanoke, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Roanoke, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 75.9%
- Residential 11.7%
- Industrial 8.4%
- Open space 3.9%
- Civic 0.1%
Largest Zones share of zoned land by district
Agriculture
Single Family Residential
Multiple And Single Family Residential
Industrial
Downtown Commercial
Roanoke, AL zones 12,280 acres across 9 districts. Commercial zoning covers 75.9% of zoned land, residential 11.7%, open space 3.9% and industrial 8.4%. The largest single district is Agriculture at 59.2%. For commercial buyers the practical constraint is that only 84.3% of land carries a commercial or industrial designation.
Multiple And Single Family Residential (R-2)
A. NEIGHBORHOOD COMPATIBILITY. In AG, R-2, and R-3 zoning districts, where permitted or conditionally permitted, the external appearance of congregate living facility structures and building sites must maintain the general residential character of the district. Exterior building materials, bulk, landscaping, fences and walls, and general design must be simil…
Market overview
Demographics & Economy
Roanoke, AL has 10,223 residents in 5,237 households. Density runs 57 people per square mile. Median household income here is $43,679 and median gross rent $594 a month.
10,223
Population
5,237
Households
2
Avg Household Size
42
Median Age
18%
College-Educated
85%
High-School Grad
179.6 sq mi
ZIP Area
57
Density / Sq Mi
$43,679
Median Household Income
$33,994
Median Earnings
$594
Median Rent
$121,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rock Mills | — | — |
| Dickert | — | — |
| Five Points | — | — |
| Forester Chapel | — | — |
Commercial property in Roanoke, AL asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Roanoke?
Commercial property in Roanoke, AL asks an average of $93 per square foot.
What zoning applies to commercial property in Roanoke?
Roanoke, AL zones 12,280 acres across 9 districts, of which 75.9% is commercial and 8.4% industrial. The largest single district is Agriculture at 59.2% of zoned land. Residential zoning covers 11.7% and open space 3.9%.
Where does Realmo's Roanoke market data come from?
Realmo compiles Roanoke, AL figures from 2 recent recorded sales, 62 active sale listings, 351 tracked off-market properties, the current Roanoke zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 62 active for-sale and 0 active for-lease listings in Roanoke, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 12,280 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
