You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space

5304 Indian Grave Rd Roanoke, VA 24018

8,118 SF 0.71 ac lot Built 1990
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US87-2816536
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1990
Total area 8,118 SF
Lot 0.71 ac (30,928 SF)
APN 098.02-02-01.01-0000
UPID US87-2816536
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
  • Stephen Couture, MD Physician Medical Clinic
  • LewisGale Physicians Internal Medicine and Dermatology - 5304 Indian Grave Rd Physician
  • Jefferson Surgical Clinic Nsg Physician
  • Edgar Weaver Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$845k
Blend (final) Blend
$800k
Owner & transaction history
CB OFFICE LLC
CB OFFICE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
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