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    Property profile & analytics
    OFF-MARKET Estimated value $1,010,000
    Commercial real estate

    2740 Ogden Rd, Roanoke, VA 24018-0608

    5,400 SF 0.68 ac lot Built 1977
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US87-1162227
    Property summary
    AI-generated overview

    This exceptional 2,500 square foot office space, located within the Frantz Diamond Building at 2740 Ogden Rd SW in Cave Spring, VA 24018, presents a unique opportunity. Situated in the desirable Tanglewood Mall area, this property benefits from high visibility and convenient access to Interstate 581, serving the entire Roanoke Valley. The building, constructed in 1977 and extensively renovated in 2024, offers a single-story layout with a flexible, mostly open floor plan easily adaptable to various business needs. The space is part of a 5,400 square foot building with multiple suites, zoned C2 for Retail or Office use. This prime location boasts proximity to over 800,000 square feet of retail, restaurant, and medical space within Tanglewood Mall, experiencing a daily traffic count exceeding 44,000 vehicles. The surrounding area is known for its affluent residential population. A special move-in incentive is available: the first six months of base rent is only $7.50 per square foot, with CAM charges of $5.00 per square foot inclusive of all utilities. The property's APN is 77.19-01-07.00. This versatile space is ideal for medical, traditional, or creative office uses.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1977
    Total area 5,400 SF
    Lot 0.68 ac (29,621 SF)
    Zoning code C2
    APN 077.19-01-07
    UPID US87-1162227
    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
    • Frantz Diamonds (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.25M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $970k
    Blend (final) Blend
    $1.01M
    Owner & transaction history
    Fd Enterprises LLC · 4 yrs held
    Fd Enterprises LLC
    since 2022
    Last sale
    $950,000
    7 recorded transactions
    2022
    $950,000
    2021
    2021
    $930,000
    2018
    1969
    1969
    1969
    Zoning & alternative use
    C2 · Roanoke, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.1M +15.4%
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