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Property profile & analytics

312 2Nd St SW Roanoke, VA 24011

  • Industrial properties
  • 26,755 SF
  • 0.13 lot acres
For Lease
Last Sale
Jul 01, 2022
$2,750,000
Value Estimations
$3,045,000
Cap Rate Potential
Location Intelligence
Property ID
US87-0625302
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.

Current Use by Public Records

  • Star City Retail / Department Store
  • Onecity Plaza LP / Construction Company / General Contractor

Property Details for 312 2Nd St SW

Year built
1919
Lot size
0.13 lot acres
Property size
26,755 SF
Zone code
D
Property type
Industrial properties
Property subtype
Industrial live-work properties
APN
101-1601
APU
1011601

Description

One City Plaza, a beautifully renovated mixed-use building in Downtown Roanoke, offers exceptional leasing opportunities. This five-story, 28,000 square foot building sits on 0.13 acres and features four suites, with 10,000 square feet currently vacant. The first floor boasts a turnkey restaurant space (approx. 5,000 sq ft) featuring an open floor plan, stage, bar, booths, and mezzanine. A unique lower-level speakeasy with bar, seating, and prep kitchen is also included. The second floor provides approximately 5,000 sq ft of event space, complete with two kitchens, restrooms, storage, and existing audio-visual components. It has a prior occupancy permit for 160 people and a sprinkler system. The third floor offers approximately 5,000 sq ft of office space, including seven offices, a conference room, restrooms, kitchenette, break room, and IT room. A camera system is in place. The fourth and fifth floors are occupied by consistently leased residential apartments. The building, constructed in 1919, includes an elevator and is zoned D. Minimum divisible space is 5,000 sq ft, with a maximum contiguous space of 10,000 sq ft. The property is located near Kirk Avenue and has an APN of 1011601. Enjoy abundant natural light and stunning mountain and city views. This is a rare opportunity to secure prime commercial space in a vibrant downtown location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $3,535,000
    ML approach
    $3,350,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,847,000
    Market price range: $1.49M - $4.00M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $2,900,000
    Current use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Roanoke
County
Roanoke City
State
Virginia
Longitude
-79.9439
Latitude
37.2711
CBSA code
40220
CBSA name
ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$33,929
$199,600
$2,581,500
$2,781,100
-
$199,600
$2,581,500
$2,781,100
More about this property
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