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5306 Peters Creek Rd 8,662 SF 96% Leased Flex Building Roanoke, VA 24019 $7,325,000 ($845.65/SF) 8.10% Cap Rate
Investment Highlights
- Don’t miss out on the chance to acquire this six-building Executive Park with prominent placement in Roanoke. Virginia.
- Logistics are a breeze as the park is situated adjacent to Roanoke-Blacksburg Airport, the primary commercial airport for Western Virginia.
- Offering prominent placement and visibility on Peters Creek Road with access to Interstates 81, 581, and US Route 220.
- Abundant retailers and restaurants are nearby allowing for convenience such as Bojangles, Dollar General, Kroger, and more.
Executive Summary
The property features six professional office buildings with a total of approximately 54,000 square feet on just over 5.1 acres. Located on one of Roanoke’s most prominent commercial corridors, it offers excellent visibility and easy access for tenants and guests alike. The C-2 (General Commercial) zoning allows for a broad range of uses. Office, medical, retail, service, and other business applications are all supported. This flexibility attracts diverse tenants and strengthens long-term investment stability. Each of the six standalone buildings supports multi-tenant or single-occupant configurations. Suites are efficient for professional offices, medical practices, or service-based businesses. The campus provides ample paved parking, strong internal traffic flow, and prominent road frontage. Executive Park delivers a solid and attractive presence in an established business district.
This site in Roanoke offers buyers a convenient location next to Roanoke-Blacksburg Airport, a prominent regional airport which saw a record-breaking 756,308 passengers in 2024. The area is growing and includes several retailers, restaurants, and services. Offices like the Department of Motor Vehicles and the United States Postal Service are close by. Stores such as Walgreens, Starbucks, Lowe’s, Marshalls, and Target are all accessible, making errands easy for employees before or after work and during lunch. The property’s proximity to major interstates allows employees, guests, and visitors seamless commuting. Just north of Downtown Roanoke, the location suits business operations well.
Property Facts
| Price | $7,325,000 | Lot Size | 5.12 AC |
| Price Per SF | $845.65 | Rentable Building Area | 8,662 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.10% | Year Built | 1971 |
| Property Type | Flex | Parking Ratio | 3.33/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 10’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 6 |
| Zoning | C-2 - Commercial | ||
| Price | $7,325,000 |
| Price Per SF | $845.65 |
| Sale Type | Investment |
| Cap Rate | 8.10% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 5.12 AC |
| Rentable Building Area | 8,662 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 3.33/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | C-2 - Commercial |
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
Utilities
- Water - County
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
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Direct Deals offers big box retail merchandise for bargain prices in the Roanoke Valley. New items added weekly!
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Girl Scouts of Western New York (GSWNY) is a regional council of Girl Scouts of the USA, headquartered in Cheektowaga, New York. Formed on July 1, 2008 through the merger of four legacy councils, GSWNY serves girls in nine counties across Western New York, including Erie, Niagara, Monroe, and surrounding areas. The organization provides programs focused on leadership development, STEM education, outdoor activities, life skills, and entrepreneurship for girls in grades K–12. GSWNY operates as a 501(c)(3) nonprofit and is part of the national Girl Scouts movement founded in 1912. The council maintains multiple service centers and camp properties to support its mission of building girls of courage, confidence, and character.
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Selah Beauty began with a mission to create a space for beauty and self-discovery. The company offers esthetic services designed to make clients feel radiant inside and out. They provide customized facials and advanced treatments using premium skincare products. Selah Beauty's philosophy combines artistry with a commitment to client well-being. The studio focuses on delivering transformative experiences that boost confidence and promote relaxation.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Demographics
Regional Accessibility
Property Taxes
| Parcel Number | 037.08-01-09 | Improvements Assessment | $1,889,400 |
| Land Assessment | $974,600 | Total Assessment | $2,864,000 |
Property Taxes
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5306 Peters Creek Rd
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