Commercial Real Estate in Roanoke, TX

What kind of market Roanoke is

Roanoke has a name most towns its size do not. The Texas Legislature designated it the Unique Dining Capital of Texas in H.C.R. No. 188 (2009). At the time, the resolution counted a population of 6,450 and 39 eating establishments.

That identity still drives Oak Street. Restaurant operators want space downtown. Owners there lease to them, and buyers look at those leases.

The city is also investing in downtown. Community Impact reported (December 16, 2025) that council approved a Convention Center Hotel Local Development Corporation on Dec. 9, 2025. The city also commissioned Catalyst Commercial for an Oak Street market analysis. The same report noted the downtown code has not been updated since 2009.

Community Impact then reported (May 5, 2026) that contracts and site plans moved forward for the hotel and convention center at 600 S. Oak St. The plan calls for about 200 rooms, five stories and 61,448 sq ft on 3.27 acres, per the same report. City staff put the estimate at $62 million, per that report. Construction was anticipated to start August 3.

Roads, jobs and rooftops

Access matters in Roanoke. Community Impact reported (June 17, 2025) that TxDOT is widening a nearly 3-mile stretch of SH 114 between I-35W and Hwy. 114 Business to a six-lane freeway. At that time, completion was expected spring 2026, at a cost of $99 million.

The job base next door is large. Community Impact, reporting Hillwood data (February 27, 2026), put AllianceTexas at 27,000 acres, 602 companies and more than 73,000 jobs. The same report put total investment in 2025 at $18.3 billion.

Industrial demand shows up in the regional numbers. CBRE reported DFW industrial vacancy at 8.3% in Q2 2026 (July 9, 2026). Cushman & Wakefield reported for Q2 2026 that Alliance led absorption with 3.9 msf YTD.

Rooftops keep coming. Community Impact reported (May 2026) that Northwest ISD added nearly 820 students from 2024-25 to 2025-26. The same report cited about 1,070 homes under construction. Rooftops bring demand for daily-needs retail, services and medical space.

Carrying cost is part of every deal. Community Impact reported (September 11, 2025) that Roanoke approved a city property tax rate of $0.326182 per $100 valuation for FY 2025-26.

Four ways to start

Each request goes to the same broker. Pick the one that fits.

• You own a building with space to fill. Start at lease my commercial building. Send the address and what is vacant.
• You are thinking about selling. Start at sell my commercial building. Send the address and your timing.
• You need help running a property. Start at commercial property management. Send the address and what you want handled.
• You need space. Start at find commercial space in Roanoke. Send your use, size range and timing.

Daniel reviews what you send and calls or emails you back using the contact you gave. The first step is a short call about the property or the space brief.

The three parts of town

Roanoke is small, but each part of it serves a different user.

Old Town and Oak Street

This is the restaurant and small retail core. Patios, older storefronts and the coming hotel define it. Read the Old Town and Oak Street submarket guide.

US 377 and SH 114

The highway frontage holds retail pads, service users and quick-service food. Visibility and access drive pricing here. Read the US 377 and SH 114 corridor guide.

Near Alliance

The east and south edges sit close to AllianceTexas. Flex, small bay industrial and contractor yards fit here. Read the Alliance industrial submarket guide.

What a broker does here

The work is local and practical. For owners, it means pricing space against what is actually leasing, marketing it on the listing portals, screening tenants and negotiating terms. For sellers, it means a broker opinion of value and a clear sale plan. For tenants, it means a short list of real options and a negotiated lease.

None of this needs a big launch. It starts with an address or a space brief.

Related markets

Roanoke borders several cities with their own markets. If your search crosses a city line, these sites cover the neighbors:

• Southlake commercial real estate
• Keller commercial real estate
• Flower Mound commercial real estate
• Fort Worth commercial leasing
• Fort Worth investment property
• North Texas market comparisons

About the broker

Daniel Weber is a commercial real estate broker with SVN | Trinity Advisors, licensed by the Texas Real Estate Commission under license 828133. He works Roanoke leasing, sales and site selection for owners and tenants. Read how Daniel works with owners and tenants before you reach out.