Property profile

105 Franklin Rd Roanoke, VA 24011

FOR LEASE
Industrial properties
Property ID
US87-0887273
30,445 SF 0.42 ac lot Built 1961
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Thomas B. Mason Building, located at 105 Franklin Rd SW in Roanoke, VA (zip code 24011), offers exceptional office space opportunities. This Class B building, constructed in 1961, boasts a total of 44,541 square feet and sits on a 0.8-acre lot. Currently, 28,197 square feet are vacant, divisible into units ranging from a minimum of 1,956 square feet to a maximum contiguous space of 11,519 square feet. The building features modern, updated common areas and a rare amenity for downtown Roanoke: both an internal parking garage and surface parking. Its highly visible corner location provides easy access from the city center and Interstate 581. Security features are in place, and the building currently houses multiple federal government professional offices, highlighting its suitability for a variety of businesses. The property is situated in Roanoke County, Virginia. This presents a unique chance to secure office space in a well-maintained building with convenient amenities and a strategic location. Contact us today to explore the available options and find the perfect space for your business needs.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1961
Construction TYPE NOT SPECIFIED
Total area 30,445 SF
Lot 0.42 ac (18,195 SF)
Zoning code D
APN 101-2616
UPID US87-0887273

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Justice Department
  • Federal Government Office

Location

105 Franklin Rd Roanoke, VA 24011
Roanoke metro Census 1100 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.12M
Blend (final) Blend
$2.84M

Owner & transaction history

Zoning & alternative use

D · Roanoke, VA
Zoning description

planting size as listed in £ection 36.2 642. 201 7 Zoning Amendments 5.23.18. 40 (dsD_ Standards in the CN and D Districts. Any gasoline station located in the Commercial-Neighborhood District (CN) or Downtown District (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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