5304 Indian Grave RdRoanoke, VA 24018

Property Details for 5304 Indian Grave Rd

Year built

1990

Lot size

0.71 AC

Property size (Sq ft)

8,118 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

098.02-02-01.01-0000

APU

98020201010000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $890,640

  6.5%

  $822,129

  7%

  $763,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,030,442

  Geo Method

  $1,863,406

• Alternative Use

  Use

  Valuation

  Residential

  $1,019,440

  Hospitality

  $933,802

  Educational

  $776,912

  Medical

  $803,631

  Retail

  $1,208,530

Location Insight

City

Roanoke

County

Roanoke

State

Virginia

Latitude

37.2026

Longitude

-79.9498

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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