5304 Indian Grave Rd Roanoke, VA 24018
For Lease
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This exceptional two-story Class B office building, situated at 5304 Indian Grave Rd SW in Roanoke, VA 24018, offers 8,118 square feet of space, with 5,350 square feet currently vacant. Built in 1990, the property sits on a 31,067 square foot lot and is zoned C2. The building features a convenient elevator, ample parking (6 spaces per 1,000 sq ft), and a backup power generator, ensuring business continuity. Two available suites range from 2,350 to 3,000 square feet, ideal for medical or executive office uses. The first-floor suite is currently configured for medical use but is easily adaptable. This high-visibility location boasts daily traffic counts nearing 32,000 vehicles and enjoys proximity to major hospitals, affluent neighborhoods, Walmart, and an elementary school. The property's strategic location within Roanoke's best demographic area promises strong growth potential. This is a rare opportunity to secure a well-equipped, conveniently located office space in a thriving community. The APN is 098.02-02-01.01-0000.
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Stephen Couture, MD Physician Medical Clinic
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LewisGale Physicians Internal Medicine and Dermatology - 5304 Indian Grave Rd Physician
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Jefferson Surgical Clinic Nsg Physician
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Edgar Weaver Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.