You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2203 Franklin Rd Roanoke, VA 24014

31,073 SF 3 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 31,073 square foot retail center in Roanoke, Virginia, presents a compelling investment opportunity. Located at 2203 Franklin Rd SW, Roanoke, VA 24014, this property boasts a prime location with high visibility and accessibility. The center features three tenants: Earth Fare, First Watch, and Taziki's, occupying the entire 3-acre lot (APN: 1150106). The property benefits from excellent traffic counts, with frontage on Franklin Road SW (18,000 vehicles per day) and access from Wonju Street (16,100 vehicles per day) and Hwy 220 (66,400 vehicles per day). Five points of ingress/egress and a traffic signal at the main entrance ensure convenient access for customers. The anchor tenant, Earth Fare, has a lease extending through 2030 with four five-year renewal options, providing long-term stability and predictable income. The property's strategic location is further enhanced by its proximity to a high-traffic medical facility, Carilion Clinic Orthopedic Surgery, which occupies a neighboring 227,291 square foot building and sees over 500 patients daily. A high-performing Mellow Mushroom restaurant is located on an adjacent outparcel. This well-positioned, fully occupied retail center offers a strong investment opportunity with significant long-term potential.

Property profile
Verified
Property type Retail properties & Spaces
Total area 31,073 SF
Lot 3 ac (130,680 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Earth Fare Specialty Food Shop
  • Radio Communications Radio Station Telecommunications Service
  • Ivy Market Shopping Center Shopping Center & Mall
  • Rivian Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2203 Franklin Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
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