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5306 Peters Creek Rd 54,000 SF 100% Leased Flex Building Roanoke, VA 24019 $7,325,000 ($135.65/SF) 8.10% Cap Rate



Investment Highlights
- Don’t miss the opportunity to acquire Executive Park, a six-building office campus prominently positioned in Roanoke, Virginia.
- Logistics are a breeze with a strategic location adjacent to Roanoke-Blacksburg Airport, Western Virginia's primary commercial airport.
- Positioned along Peters Creek Road with high traffic exposure and direct connectivity to Interstates 81, 581, and US Route 220.
- Nearby retailers and restaurants support daily tenant needs and workplace appeal, including Bojangles, Dollar General, and Kroger.
Executive Summary
The property features six professional office buildings totaling approximately 54,000 square feet on just over 5.1 acres. Located on one of Roanoke’s most prominent commercial corridors, Executive Park 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, and 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 that 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 enables employees, guests, and visitors to commute seamlessly. Just north of Downtown Roanoke, the location suits business operations well. Executive Park offers investors an attractive combination of scale, flexible zoning, strong location, and long-term tenant appeal in a growing Roanoke market.
Property Facts
| Price | $7,325,000 | Lot Size | 5.12 AC |
| Price Per SF | $135.65 | Rentable Building Area | 54,000 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 | $135.65 |
| Sale Type | Investment |
| Cap Rate | 8.10% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 5.12 AC |
| Rentable Building Area | 54,000 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
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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Girl Scouts of the United States of America is a national nonprofit organization that delivers educational and leadership programs for girls across the United States and in select overseas communities. Founded in 1912 by Juliette Gordon Low, the organization was incorporated in 1915 and has maintained its national headquarters in New York City since that time. The organization operates through a decentralized structure of local councils that administer programs, volunteer engagement, and community activities at the regional level. Girl Scouts provides structured programming focused on leadership development, outdoor education, life skills, and civic engagement. Participants progress through age-based levels and may earn awards that recognize achievement and service. One of the organization’s most recognized initiatives, the Girl Scout Cookie Program, was introduced nationally in the 1930s and continues to serve as a primary fundraising and financial literacy activity.
Instrument Calibration Technical Services began operations in 1997 in Virginia, USA. The company provides calibration for both electrical and mechanical instruments. Their services include on-site calibration visits and lab calibration with NIST-traceable standards. The company maintains accreditation for its calibration processes and serves various industries requiring precision measurement verification.
Ombi Home Care Services operates in Virginia, offering personalized in-home assistance. The company provides daily living support including hygiene, dressing, and meal preparation. They also offer specialized care for clients with Alzheimer’s, dementia, and diabetes. Ombi creates customized care plans tailored to individual needs. The company is owned by Irihose Obedi and serves the Roanoke area with comprehensive home health solutions.
Patriot Drug & DNA Testing serves businesses needing compliance solutions for workplace safety. Established as a key player in occupational health services, the company offers extensive drug and alcohol testing programs. These include DOT-compliant testing, consortium services, and mobile on-site collections. Additionally, they provide background screening and other employment verification services. Patriot operates through a network of facilities while maintaining strong industry partnerships.
Physics Associates has provided physics consulting since 1963. The company serves medical, industrial, and governmental clients with expertise in radiation safety and medical physics. Services include training programs, accreditation surveys, and emergency response assistance. Their team holds advanced degrees and certifications from recognized boards. The firm maintains a significant client base across various sectors requiring physics expertise.
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.
Headquartered in Whippany, New Jersey, Suburban Propane is a nationwide marketer and distributor of a diverse array of products to meet the energy needs of their customers specializing in propane, heating oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. With a fleet of full-time employees, Suburban Propane maintains business operations in most states, providing prompt, reliable service to approximately 1 million residential, commercial, industrial and agricultural customers through hundreds of locations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Services | - | - | - | - | |
|
Retailer | - | - | Triple Net | Dec 2025 | |
|
Health Care and Social Assistance | - | - | - | - | |
|
Services | - | - | Triple Net | Jan 2028 | |
|
Professional, Scientific, and Technical Services | - | - | - | - | |
|
Health Care and Social Assistance | - | - | Triple Net | - | |
|
Professional, Scientific, and Technical Services | - | - | - | - | |
|
Professional, Scientific, and Technical Services | - | - | - | - | |
|
Services | - | - | Triple Net | Mar 2028 | |
|
Retailer | - | - | - | - |
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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