2728 Colonial Ave Roanoke, VA 24015
- Industrial properties
- 16,479 SF
- 0.57 lot acres
Current Use by Public Records
- The Law Office of Kirk A Ludwig / Bankruptcy Attorney
- Bowman Gary M / Attorney
- Ashton Law Office, PLLC / Attorney
- Body & Sole Therapy Salon and Spa / Massage Spa / Facial Spa
- Massage by Maggie / Massage Therapist
Property Details for 2728 Colonial Ave
- Year built
- 1950
- Construction
- CONCRETE
- Lot size
- 0.57 lot acres
- Property size
- 16,479 SF
- Zone code
- CN
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 128-0304
- APU
- 1280304
Description
This single-story, 24,685 square foot Class B office building, located at 2728 Colonial Ave SW, Roanoke, VA 24015, offers executive and traditional office spaces. Built in 1950 and renovated in 2012, the property is zoned CN and features a minimum divisible space of 120 square feet, with 1,819 square feet currently vacant. The building boasts a convenient location on Colonial Avenue, just off Interstate 581, between Towers Shopping Center and Virginia Western College, providing easy access for clients. Rental rates range from $14.95 to $17.95 per rentable square foot, inclusive of utilities and janitorial services. A 10% common area factor is added to the usable square footage to determine the rentable square footage. Ample parking is available for tenants in the rear, and guest parking is provided in the front. This property presents a unique opportunity for businesses seeking a well-maintained, conveniently located office space in Roanoke, Virginia. The APN is 1280304.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $595,000
- 6.5%
- $585,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $450,000
- Mixed-Use
- $535,000
- Hospitality
- $435,000
- Educational
- $505,000
- Residential Income
- $605,000
- Energy
- $560,000
- Income-Based Land
- $535,000
- Food Service
- $485,000
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke City
- State
- Virginia
- Longitude
- -79.9627
- Latitude
- 37.2505
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
