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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Specialty properties
1315 Franklin SW Rd Roanoke, VA 24016-4607
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-1188245
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1973
Construction
TYPE NOT SPECIFIED
Total area
35,081 SF
Lot
1.71 ac (74,657 SF)
Zoning code
MX
APN
103-0208
UPID
US87-1188245
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
AECOM Roanoke Construction Company Design
-
Suman Narasimhamurthy Physician
-
Khalilian Kamran Civil Engineer
-
risk control Insurance Agency
-
Howard Shumate Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Blue Ridge Behavioral Healthcare In · 7 yrs held
Blue Ridge Behavioral Healthcare In
since 2019
7 recorded transactions
Zoning & alternative use
MX · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.2M
+32.0%
Industrial (general)
$1.8M
+7.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Roanoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roanoke submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,695,000
Current use
WAREHOUSE, STORAGE
$2,235,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,825,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$44 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,701
Tax year 2024
Assessed value
$4,434,100
Assessed 2024
Previous assessed
$4,354,000
+1.8% YoY
Effective rate
0.04%
On assessed value
Assessed land
$880,800
Assessed improvement
$3,553,300
Land market value
$880,800
Improvement market value
$3,553,300
Total market value
$4,434,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1973
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
4
Total area
35,081 SF
Lot
1.71 ac (74,657 SF)
Zoning code
MX
APN
103-0208
UPID
US87-1188245
Jurisdiction
ROANOKE CITY
Zoning & alternative use
MX · Roanoke, VA
Zoning MX · permitted uses
MX · Roanoke, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roanoke. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Lot
1.71 ac
Current owner
From public records · entity-resolved
Blue Ridge Behavioral Healthcare In
Individual
Mailing address
301 ELM AVE SW, ROANOKE, VA 24016-4001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2019
—
Blue Ridge Behavioral Healthca
—
Deed
related
$3,455,250 · Freedom First FCU
Feb 5, 2019
$2,900,000
Blue Ridge Behavioral Healthcare In
1315 Franklin Road Sw LLC
Deed
$2,465,000 · Freedom First FCU
Feb 5, 2019
—
Metis Holdings INC
1315 Franklin Realty Assocs Ll
Correction Deed
related
—
Jan 11, 2017
—
1315 Franklin Road Sw LLC
—
Deed
related
$1,900,000 · Freedom First Cu
Aug 17, 2015
—
1315 Franklin Road Sw LLC
Metis Holdings INC
Grant Deed
—
Jan 6, 2015
$2,675,000
Metis Holdings INC
1315 Franklin Realty Assocs Ll
Grant Deed
related
$2,000,000 · First Citizens Bk
—
—
Blue Ridge Behavioral Healthca
—
Loan Modification
related
$3,455,250 · Freedom First FCU
—
—
1315 Franklin Road Sw LLC
—
Deed Of Trust
related
$1,900,000 · Freedom First Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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