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    1011 2Nd St Roanoke, VA 24016

    • Industrial properties
    • 3,294 SF
    • 0.18 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US87-1269017
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • SiteVision, Inc. / Emergency Training / Mapping Service
    • MedEvac WeatherSAFE / Software Company

    Property Details for 1011 2Nd St

    Year built
    1939
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    3,294 SF
    Zone code
    MX
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    102-2209
    APU
    1022209

    Description

    This charming 1,818-square-foot office space, located at 1011 2nd Street SW in Roanoke, Virginia's Old Southwest submarket, is situated on a 0.18-acre lot. The building, constructed in 1939, is a two-story, Class C property with a single tenant occupancy. The space features a reception area, four individual offices, a dedicated conference room, and a convenient break room/kitchenette. The property offers seven total parking spaces. The building's traditional office layout is complemented by its creative office suitability, making it ideal for a variety of professional uses, including law firms, financial planning services, or other similar businesses. Its prime location between Highland Ave SW and Albemarle offers excellent visibility and accessibility. The surrounding area boasts a mix of professional offices, including wealth advisory firms and law offices, and a recently opened café is located within a short distance. The property's zoning is MX. The building does not include elevators. This is a single-tenant space within a larger building totaling 3,294 square feet. The property presents a unique opportunity to establish a presence in a vibrant and established professional district.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $340,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $400,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $405,000
      Mixed-Use
      $415,000
      Hospitality
      $400,000
      Educational
      $385,000
      Residential Income
      $450,000
      Energy
      $410,000
      Income-Based Land
      $370,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke City
    State
    Virginia
    Longitude
    -79.944
    Latitude
    37.2642
    CBSA code
    40220
    CBSA name
    ROANOKE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,150
    $70,100
    $243,400
    $313,500
    -
    $70,100
    $243,400
    $313,500

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    1011 2Nd St
    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
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