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    2131 Valley View Blvd Roanoke, VA 24012

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    2131 Valley View Blvd Roanoke, VA 24012

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    • Commercial real estate
    • 11,346 SF
    • 2.29 lot acres
    For Sale
    $2,400,000
    View Listing →
    Updated Office Building For Sale For Sale
    $2,400,000
    11,346 SF

    Updated Office Building For Sale

    Fully leased office building with strong tenant in Roanoke, VA.

    2131 Valley View Blvd, Roanoke, VA
    View Listing
    Property ID
    US87-1168839
    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

    • Commonwealth Catholic Charities / Adoption Agency
    • Blue Ridge Mountains Council / Training Center
    • District Commissioner's Info Hub / Government Office
    • Mold Experts of Star City / Construction Company / General Contractor

    Property Details for 2131 Valley View Blvd

    Lot size
    2.29 lot acres
    Property size
    11,346 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a fully leased, 11,346 square foot Class B executive office building situated at 2131 Valley View Blvd NW, Roanoke, VA 24012. The property boasts a strong 6.50% cap rate, a current NOI of $156,021, and a compelling asking price of $2,400,000 ($211.53/SF). Currently 100% occupied since January 1, 2023, under a net lease with a corporate guarantee, the tenant enjoys a 6-year lease (with 4.1 years remaining) featuring 3% annual rent escalations and a 1-5 year renewal option. The property sits on a 2.29-acre lot zoned MX(c) and benefits from excellent visibility and convenient access to major roadways. The lease includes supplemental income from a Verizon antenna. Minimal landlord responsibilities make this an ideal investment for a 1031 exchange or passive income seekers. Further lease details are available upon execution of a confidentiality agreement. This is a rare opportunity to acquire a high-quality, stable income-producing asset in a desirable Roanoke location.

    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
    Roanoke
    State
    Virginia
    Longitude
    -79.9643906
    Latitude
    37.3109218

    Comparable in this City

    • $650,000

      Industrial Warehouse with Office Space

      Warehouse with office, convenient location, and multiple overhead doors.
      610 Mohawk Ave NE, Roanoke, VA 24012
      View Details
    • $476,850
      0.32 Acres

      Move-in Ready Office Space

      Well-appointed office space with updated features and accessible location.
      624-626 Abney Rd, Roanoke, VA 24012
      View Details
    • $299,950
      Pending

      Updated Commercial Space with Parking

      Remodeled commercial space with parking near airport and retail.
      5111 Airport Rd NW, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Medical/Office Building Near Valley View

      60,055 RSF medical/office building adjacent to Valley View Mall.
      4910 Valley View Blvd Northwest, Roanoke, VA 24012
      View Details
    • Contact for pricing
      8,000 SF

      Williamson Road Office Building

      Office building with frontage on Williamson Road and existing leases.
      5423 Williamson Rd, Roanoke, VA 24012
      View Details
    • Contact for pricing
      11,346 SF

      Updated Office Building For Sale

      Fully leased office building with strong tenant in Roanoke, VA.
      2131 Valley View Blvd, Roanoke, VA 24012
      View Details

    Similar Nearby for Sale

    • $650,000

      Industrial Warehouse with Office Space

      Warehouse with office, convenient location, and multiple overhead doors.
      610 Mohawk Ave NE, Roanoke, VA 24012
      View Details
    • $476,850
      0.32 Acres

      Move-in Ready Office Space

      Well-appointed office space with updated features and accessible location.
      624-626 Abney Rd, Roanoke, VA 24012
      View Details
    • $299,950
      Pending

      Updated Commercial Space with Parking

      Remodeled commercial space with parking near airport and retail.
      5111 Airport Rd NW, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Medical/Office Building Near Valley View

      60,055 RSF medical/office building adjacent to Valley View Mall.
      4910 Valley View Blvd Northwest, Roanoke, VA 24012
      View Details
    • Contact for pricing
      8,000 SF

      Williamson Road Office Building

      Office building with frontage on Williamson Road and existing leases.
      5423 Williamson Rd, Roanoke, VA 24012
      View Details
    • Contact for pricing
      11,346 SF

      Updated Office Building For Sale

      Fully leased office building with strong tenant in Roanoke, VA.
      2131 Valley View Blvd, Roanoke, VA 24012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Medical/Professional Office Space Available

      3,000 SF medical/professional office space for lease.
      375 Hershberger Rd, Roanoke, VA 24012
      View Details
    • Contact for pricing
      3,357 SF

      Roanoke Office Space Available

      Office space for rent, 3357 square feet, Roanoke, Virginia.
      130 Sycamore Ave NE, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Valley Court Business Center Office

      74,000 SF office space in Roanoke's Airport District.
      3601 Thirlane Rd Northwest, Roanoke, VA 24012
      View Details
    • Contact for pricing
      8,724 SF

      Conveniently Located Flex/Office Space

      Flex/Office space with laydown yard and easy transportation access.
      1301 Rockland Ave NW, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Office Building Near Valley View

      Office building near Valley View Mall with ample parking.
      5060 Valley View Blvd NW, Roanoke, VA 24012
      View Details
    • Contact for pricing

      Retail Space Near Valley View

      Endcap space for sale or lease near Valley View Mall.
      1920 Valley View Blvd NW, Roanoke, VA 24012
      View Details
    View Listing
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    Roanoke, VA 24012
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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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    2131 Valley View Blvd, Roanoke, VA, 24012

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