Property profile

2302 Colonial SW Ave Roanoke, VA 24015

OFF-MARKET
Industrial properties
Property ID
US87-0604170
8,464 SF 0.41 ac lot Built 1977
Entity Owned 20-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Tower Corporate Center offers exceptional office space in Roanoke, Virginia. This Class B building, constructed in 1977, boasts a total of 8,400 square feet, with 1,729 square feet currently available for lease. The property is situated at 2302 Colonial Ave SW, Roanoke, VA 24015, offering convenient access to the city. Multiple tenancy options are available, catering to a range of business needs. Currently, two spaces are immediately available, ranging in size from 197 to 569 square feet, ideal for smaller companies or individuals seeking a professional setting. The building features on-site management and ample parking for tenants' convenience. All utilities are included in the competitive monthly lease rate, making budgeting straightforward and predictable. This is a fantastic opportunity to secure modern, well-maintained office space in a desirable Roanoke location. The building's traditional office layout provides a classic and efficient workspace. Interested parties are encouraged to inquire about available space and lease terms.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1977
Construction WOOD
Total area 8,464 SF
Lot 0.41 ac (17,999 SF)
Zoning code CG
APN 127-1006
UPID US87-0604170

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
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Home Health Care Service Assisted Living Facility
  • Insurance Agency
  • Translation Service

Location

2302 Colonial SW Ave Roanoke, VA 24015-3100
Roanoke metro Census 3000 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
$930k
Blend (final) Blend
$370k

Owner & transaction history

since 2006
1 recorded transaction
2006
$530,000

Zoning & alternative use

CG · Roanoke, VA
Zoning description

gross floor area. These are permitted by right in CG, CLS, D, IN, ROS, and UF districts. Regional housing services continue to be very restricted, permitted only in the INPUD district with a special exception. 6. Ensure…

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2302 Colonial SW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message