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    19 Franklin Rd Roanoke, VA 24011

    • Industrial properties
    • 5,880 SF
    • 0.08 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US87-1113799
    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

    • Wild Berry Tea Spa / Spa

    Property Details for 19 Franklin Rd

    Year built
    1915
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    5,880 SF
    Zone code
    D
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    101-2714
    APU
    1012714

    Description

    This exceptional 2,000 square foot office space is situated on the first floor of a historic building at 19 Franklin Rd SW in the vibrant heart of Downtown Roanoke, Virginia. The property, built in 1915, offers a unique blend of character and modern functionality, ideal for a variety of businesses. The building's total square footage is 5,880 square feet, with multiple tenants currently occupying the remaining space. This particular unit presents a fantastic opportunity for businesses seeking a prominent location in a thriving urban environment. The property is classified as Retail and Office, with subtypes including Traditional Office, Executive Office, Coworking, and Creative Office, making it versatile and adaptable to diverse needs. The property's Assessed Parcel Number (APN) is 1012714. The available space is ready for immediate occupancy and presents a chance to establish a presence in a dynamic and well-connected area of Roanoke, VA, zip code 24011. The building's historical charm combined with its central location makes this a truly unique and desirable commercial property. This listing represents a rare opportunity to secure a significant amount of office space in a highly sought-after downtown location. Contact us today to schedule a viewing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $300,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $250,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $330,000
      Mixed-Use
      $320,000
      Hospitality
      $245,000
      Educational
      $265,000
      Residential Income
      $275,000
      Energy
      $295,000
      Income-Based Land
      $245,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke City
    State
    Virginia
    Longitude
    -79.9415
    Latitude
    37.2695
    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
    $4,761
    $130,100
    $832,300
    $962,400
    -
    $130,100
    $832,300
    $962,400

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    19 Franklin Rd
    Roanoke, VA 24011
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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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