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    5458 Franklin SW Rd Roanoke, VA 24014-6660
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    Property profile & analytics

    5458 Franklin SW Rd, Roanoke, VA 24014-6660

    View on Map
    • Hotels
    • 8,770 SF
    • 0.64 lot acres
    Off-Market
    Property ID
    US87-0611791
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 5458 Franklin SW Rd

    Year built
    1930
    Lot size
    0.64 lot acres
    Zone code
    C2
    Property type
    Hotels
    Property subtype
    Motels
    APN
    098.02-03-14
    APU
    98020314

    Description

    This exceptional 0.86-acre development opportunity is situated on heavily trafficked Franklin Road SW in Roanoke, Virginia, near a Walmart Supercenter. The property boasts significant road frontage and a convenient crossover for easy access, making it an ideal location for a variety of commercial ventures. Built in 1930, the site currently includes two existing buildings on a mostly level and clear lot, presenting a blank canvas for redevelopment. The address is 5458 Franklin Rd SW, Roanoke, VA 24014. This prime location offers excellent visibility and accessibility, with the potential to capitalize on the high volume of traffic in the area. The asking price for this exceptional property is $1,295,000. The property's size and location make it a compelling investment opportunity for developers seeking to create a new commercial project in a thriving area. The existing buildings offer potential for repurposing or demolition, allowing for complete design flexibility. This is a rare chance to acquire a significant parcel of land in a desirable Roanoke location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.9441
    Latitude
    37.2
    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
    $2,421
    $150,500
    $82,300
    $232,800
    -
    $150,500
    $82,300
    $232,800

    Comparable in this City

    • Value Estimation
      $610,000
      6,010 SF

      5063 Franklin SW Rd

      HOTEL/MOTEL
      5063 Franklin SW Rd, Roanoke, VA 24014-6653
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    • Value Estimation by Request
      12,385 SF

      1948 Franklin Rd

      Office Spaces
      1948 Franklin Rd, Roanoke, VA 24014
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    • Value Estimation by Request
      0.16 Acres

      Underhill SE Ave

      VACANT COMMERCIAL LAND
      Underhill SE Ave, Roanoke, VA 24014
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      0.62 Acres

      4277 Welcome Vly SE Rd

      VACANT COMMERCIAL LAND
      4277 Welcome Vly SE Rd, Roanoke, VA 24014-5128
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    • Value Estimation by Request
      11.46 Acres

      3497 Yellow Mtn SE Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      3497 Yellow Mtn SE Rd, Roanoke, VA 24014
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    • Value Estimation by Request
      2.26 Acres

      4439 Pheasant Rdg Rd

      VACANT COMMERCIAL LAND
      4439 Pheasant Rdg Rd, Roanoke, VA 24014-5274
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    Similar Nearby for Sale

    • Contact for pricing

      Roanoke Office Building For Sale

      Centrally located office building with CG zoning in Roanoke.
      1917 Franklin Rd, Roanoke, VA 24014
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      Land with Development Potential

      Land with frontage on US 220 and Clearbrook Lane.
      5403 Clearbrook Ln, Roanoke, VA 24014
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      Two Land Parcels For Sale

      Two adjacent land parcels totaling 2.26 acres for sale.
      1610 Rutrough Rd, Roanoke, VA 24014
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      Available Land Parcels in Roanoke

      Land parcels available with initial site development work complete.
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    • Contact for pricing

      Commercial Land Parcel For Sale

      1.55 acre commercial land parcel for sale.
      3914 Franklin Rd, Roanoke, VA 24014
      View Details
    • $209,000
      1.17 Acres

      Ballyhack Golf Community Land

      1.17-acre lot in gated golf community with mountain views.
      3625 Bally Hack Trl, Roanoke, VA 24014
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    Similar Nearby for Lease

    • Contact for pricing
      3,685 SF

      Retail Space in Roanoke

      Retail space with high visibility and strong national retailers.
      4208-4210 Franklin Rd, Roanoke, VA 24014
      View Details
    • Contact for pricing
      458 SF

      Office Space For Rent

      Office space available for lease with included utilities.
      1942 Franklin Rd SW, Roanoke, VA 24014
      View Details
    • Contact for pricing
      10,923 SF

      Prime Commercial Space in Roanoke

      Modern, versatile office space in Roanoke's Innovation Corridor.
      2727 Franklin Rd, Roanoke, VA 24014
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office spaces available, ranging from 517 to 4,716 SqFt.
      1948 Franklin Rd SW, Roanoke, VA 24014
      View Details
    • $15 SF/Yr

      Bank-Converted Office Building

      Converted for office or medical use with renovated second-floor space and on-site parking for convenient access.
      301 Mc Clanahan St SW, Roanoke, VA 24014
      View Details
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    Roanoke, VA 24014-6660
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    5458 Franklin SW Rd, Roanoke, VA, 24014
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