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Property profile & analytics
OFF-MARKET
Estimated value
$5,520,000
Industrial properties
2705 Frontage NW Rd Roanoke, VA 24017-1400
Entity Owned
Free & Clear
Property ID
US87-1121629
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1998
Construction
WOOD
Total area
32,754 SF
Lot
2.79 ac (121,463 SF)
Zoning code
CLS
APN
645-0115
UPID
US87-1121629
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
-
Extended Stay America Select Suites - Roanoke - Airport Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.26M
Comparable Approach
Comparable
$4.82M
Blend (final)
Blend
$5.52M
Owner & transaction history
Esa P Mezz C LLC
Esa P Mezz C LLC
since 2025
5 recorded transactions
Zoning & alternative use
CLS · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.5M
+104.2%
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%
$6,780,000
6.5%
$6,260,000
7%
$5,810,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,485,000
Change: +104% · Conversion: Easy
Blend value · Realmo final
$5.52M
Range $4.97M – $6.07M · ±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
$169 / 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
$46,045
Tax year 2024
Assessed value
$3,636,100
Assessed 2024
Previous assessed
$3,417,500
+6.4% YoY
Effective rate
1.27%
On assessed value
Assessed land
$685,500
Assessed improvement
$2,950,600
Land market value
$685,500
Improvement market value
$2,950,600
Total market value
$3,636,100
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Units
90
Rooms
90
Total area
32,754 SF
Lot
2.79 ac (121,463 SF)
Zoning code
CLS
APN
645-0115
UPID
US87-1121629
Jurisdiction
ROANOKE CITY
Zoning & alternative use
CLS · Roanoke, VA
Zoning CLS · permitted uses
CLS · 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
MEDICAL BUILDING
Est. value
$6.5M
MEDICAL BUILDING
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
90
Rooms
90
Lot
2.79 ac
Current owner
From public records · entity-resolved
Esa P Mezz C LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 49550, CHARLOTTE, NC 28277-9550
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
Esa P Mezz C LLC
Esa P Mezz B LLC
Deed
—
Jul 9, 2021
—
Esa P Portfolio LLC
—
Deed
related
$465,000,000 · Jpmorgan Chase Bank NA
Nov 9, 2010
—
Esa P Portfolio LLC
—
Deed Of Trust
related
$2,000,000,000 · J P Morgan Chase Bank
Apr 27, 2006
—
Bre & Esa P Portfolio LLC
Owner Name Unavailable
Grant Deed
related
—
Jul 1, 2005
—
Bre & Esa P Portfolio LLC
Bre & Esa Properties LLC
Quit Claim Deed
related
—
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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