Back to Search
Property profile & analytics
FOR LEASE
Office Spaces
5604 Starkey Rd Roanoke, VA 24018
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0705967
For Lease
1 / 2
$16.50 SF/Yr
5604 Starkey Rd, Roanoke, VA 24018
View Listing →
Property summary
AI-generated overview
This single-story, 4,151 square foot Class B office building, situated on a 0.59-acre lot in Roanoke, Virginia, presents a fantastic opportunity. Built in 1950, the property features two suites, with 2,200 square feet currently vacant and ready for immediate occupancy. The building is zoned C-1 and boasts ample parking with 10 spaces available for tenants and guests. The address is 5604 Starkey Rd, Cave Spring, VA 24018. This executive office space offers a convenient location with easy access to local amenities. The property includes no elevators. The APN is 087.19-03-33.00-0000. This is an excellent opportunity for a business seeking a well-maintained office space in a desirable location. The property offers a blend of classic charm and modern functionality, making it an ideal choice for a variety of businesses. The spacious layout provides flexibility for customization to meet specific needs. Don't miss this chance to secure a prime office space in a thriving community.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1950
Total area
4,151 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C1
APN
087.19-03-33
UPID
US87-0705967
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
-
Skin Firm Aesthetics Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$810k
Owner & transaction history
Caveness Properties LLC · 3 yrs held
Caveness Properties LLC
since 2022
Last sale
$775,000
3 recorded transactions
Zoning & alternative use
C1 · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$820,000
+15.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Roanoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roanoke submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$995,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$710,000
Current use
MEDICAL BUILDING
$820,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $775k (Sep 8 2022)
Last sale anchor
$775k
Sep 8 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$195 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,562
Tax year 2024
Assessed value
$534,800
Assessed 2024
Previous assessed
$539,800
-0.9% YoY
Effective rate
1.04%
On assessed value
Assessed land
$128,500
Assessed improvement
$406,300
Land market value
$128,500
Improvement market value
$406,300
Total market value
$534,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1950
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
4,151 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C1
APN
087.19-03-33
UPID
US87-0705967
Jurisdiction
ROANOKE
Zoning & alternative use
C1 · Roanoke, VA
Zoning C1 · permitted uses
C1 · Roanoke, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roanoke. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$710,000
MEDICAL BUILDING
Est. value
$820,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.59 ac
Current owner
From public records · entity-resolved
Caveness Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
410 1ST ST SW, ROANOKE, VA 24011-1904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
$155,000
Caveness Properties LLC
Jmm Commercial LLP
Deed
—
Sep 8, 2022
—
Jmm Commercial LLP
—
Deed
related
$620,000 · Bank Of Botetourt
Dec 1, 2004
$180,000
Caveness Properties LLC
Russell,michael A
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
