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Property profile & analytics
OFF-MARKET Estimated value $1,865,000
Industrial properties

15 Salem SE Ave Roanoke, VA 24011-1423

19,478 SF 0.15 ac lot Built 1904
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0799666
Property summary
AI-generated overview

This exceptional, renovated office building in the heart of downtown Roanoke offers two available suites totaling 1,330 to 3,599 square feet of versatile space. The building, classified as Class B, boasts attractive features including high ceilings, exposed brick walls, and an elevator for convenient access to all three floors. ADA-compliant restrooms are provided for accessibility. Suite 213 is immediately available, while Suite 300 will be ready for occupancy in January 2025. The property is zoned D and features a single building with multiple tenancies. Its central location places it within easy walking distance of Roanoke's vibrant entertainment district, museums, and acclaimed restaurants. The property's address is 15 Salem Ave SE, Roanoke, VA 24011, and its Assessor's Parcel Number (APN) is 4010311. The building is suitable for various office uses, including executive, coworking, traditional, creative, and medical offices. This is a unique opportunity to secure high-quality office space in a thriving downtown location.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1904
Construction TYPE NOT SPECIFIED
Total area 19,478 SF
Lot 0.15 ac (6,564 SF)
Zoning code D
APN 401-0311
UPID US87-0799666
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
  • The EI Group, Inc. Environmental Consultant Asbestos Testing Service
  • Trinity Consultants Environmental Consultant Software Company
  • Chapter 13 Trustee Law Firm Accounting Firm
  • LPA Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.04M
Blend (final) Blend
$1.87M
Owner & transaction history
Js Property Liability Co · 15 yrs held
Js Property Liability Co
since 2010
3 recorded transactions
2010
$1.9M
2005
$1.4M
1969
Price N/A
Zoning & alternative use
D · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 (D), shall be subject to the following standards: * * * €4-1 A landscaping strip consisting of evergreen sh..'Ubs and deciduous trees as defi…

Zone name Downtown
General category COMMERCIAL
Zone area 413.55 ac
Source Zoning | Roanoke, VA
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