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    10 S Jefferson St Roanoke, VA 24011

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    10 S Jefferson St Roanoke, VA 24011

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    • Office buildings
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    Class-A Office Building For Rent For Lease
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    Class-A Office Building For Rent

    Premier high-rise office building with 360-degree views in Roanoke Valley.

    10 S Jefferson St, Roanoke, VA 24011
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    Property ID
    US87-3630968
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Morgan Stanley Financial Advisors / Financial Advisor
    • Martin Hopkins & Lemon / Law Firm
    • William E. Callahan Jr. / Law Firm
    • J. Lee E. Osborne / Law Firm
    • Lemon William J / Law Firm

    Property Details for 10 S Jefferson St

    Year built
    1991
    Property type
    Office buildings
    Property subtype
    Commercial real estate

    Description

    Western Virginia's Premier Class-A High Rise Professional Office Building with 360 degree views of the Roanoke Valley. A High-Tech Service Oriented facility with 24/7 Security, 727 Internal Parking spaces, competitive pricing and outstanding 360 degree views of the Roanoke Valley. Presented by Dennis Cronk and Matt Huff at Poe & Cronk Real Estate Group, the Exclusive Leasing and Management firm.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9398492
    Latitude
    37.2728645

    Comparable in this City

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      14,575 SF

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      Renovated Office Building with Views

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      Renovated Downtown Roanoke Office Building

      Move-in ready office suites in a renovated downtown building.
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      Refreshed Office Space in Roanoke

      Professional office space in Roanoke's revitalized central business district.
      34 Campbell Ave SW, Roanoke, VA 24011
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      Office Suites Available for Rent

      Office suites for rent at $16.50/sf, full service.
      119 Norfolk Ave SW, Roanoke, VA 24011
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    • $14 SF/Yr
      1,600 SF

      Downtown Office Space with Brick

      Office space with exposed brick in downtown Roanoke.
      315 Market St SE, Roanoke, VA 24011
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    Similar Nearby for Sale

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      Stone Building Near Hotel Roanoke

      48,000 SF office building with 54 parking spaces.
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      Downtown Roanoke Office Building

      6,947 SF office building in downtown Roanoke.
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    • $525,000

      Downtown Roanoke Mixed-Use Potential

      Two-story building suitable for office, retail, or multifamily redevelopment.
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      4,474 SF

      Downtown Roanoke Mixed-Use Opportunity

      Former florist building with live-work potential in downtown Roanoke.
      21 Church Ave SW, Roanoke, VA 24011
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      19,395 SF

      Downtown Roanoke Office Building

      Prime location, 19,395 SF office space
      15 Salem Ave, Roanoke, VA 24011
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      6,701 SF

      Historic Downtown Roanoke Building

      Historic building suitable for office, retail, or multi-family use.
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    Similar Nearby for Lease

    • Contact for pricing

      Refreshed Office Space in Roanoke

      Professional office space in Roanoke's revitalized central business district.
      34 Campbell Ave SW, Roanoke, VA 24011
      View Details
    • Contact for pricing

      Renovated Downtown Roanoke Office Building

      Move-in ready office suites in a renovated downtown building.
      15 Salem Ave SE, Roanoke, VA 24011
      View Details
    • Contact for pricing
      14,575 SF

      Downtown Beaux-Arts Style Office Space

      LEED certified office building in vibrant downtown Roanoke.
      220 Church Ave SW, Roanoke, VA 24011
      View Details
    • Contact for pricing

      Renovated Office Building with Views

      Nine-story office building with utilities included and adjacent parking.
      30 Franklin Rd SW, Roanoke, VA 24011
      View Details
    • Contact for pricing
      2,411 SF

      Renovated Office Space Available

      Recently renovated office space with private parking in Roanoke.
      505 S Jefferson St, Roanoke, VA 24011
      View Details
    • $10 SF/Yr

      Downtown Roanoke Office or Retail

      Office or retail space in downtown Roanoke.
      9 Franklin Rd SW, Roanoke, VA 24011
      View Details
    View Listing
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    10 S Jefferson St
    Roanoke, VA 24011
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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