5251 Concourse DrHollins, VA 24019

Property Details for 5251 Concourse Dr

Year built

1996

Lot size

2.40 AC

Property size (Sq ft)

19,680 SF

Property type

Office properties

Property subtype

Other office properties

APN

037.07-01-14.03-0000

APU

37070114030000

Description

This exceptional office property, located at 5251 Concourse Dr, Hollins, VA 24019, offers 19,680 square feet of versatile space ideal for executive or medical offices. Currently, there are two immediately available suites totaling 4,914 contiguous square feet, with a minimum divisible space of 2,099 square feet. Suite 2A offers 2,099 square feet, while Suite 2B provides 2,815 square feet. The property's prime location in Roanoke County provides easy access to major roadways, including Interstates 581 and 81, as well as the Roanoke Regional Airport. This strategic location also places the property in close proximity to the Valley View Mall and downtown Roanoke, offering employees and clients convenient access to a variety of amenities. The building is perfect for businesses seeking a professional and accessible location within a thriving commercial center. The suites are ready for immediate occupancy and offer a high-quality environment for any professional practice. This is a multi-tenant building, providing a diverse and collaborative atmosphere. Don't miss this opportunity to secure prime office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,159,127

  6.5%

  $1,993,040

  7%

  $1,850,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,498,040

  Geo Method

  $4,517,347

• Alternative Use

  Use

  Valuation

  Residential

  $2,471,370

  Hospitality

  $2,263,762

  Educational

  $1,883,423

  Medical

  $1,948,197

  Retail

  $2,929,769

Location Insight

City

Roanoke

County

Roanoke

State

Virginia

Latitude

37.3325

Longitude

-79.9905

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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