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    2727 Electric Rd Roanoke, VA 24018

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    For Lease
    $14 SF/Yr ($1,558 /Mo)

    Office building for lease on Electric Road with ample parking.

    Property size:
    1,290 SF
    Lot size:
    1.85 Acres

    Property Features for 2727 Electric Rd

    General Information

    Size
    1,290 SF
    Lot size
    1.85 Acres

    Source: Hall Associates, Inc Agent Gavin Hollingsworth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Building on Electric Road

    This office building is available for lease and is located on Route 419, also known as Electric Road, between Roanoke and Salem. The location benefits from an annual average daily traffic count of approximately 25,000 vehicles, with a crossover on Electric Road providing access to the property. The lease is full service gross. The building features private offices and open space, elevator access, and ample natural light. A new roof has been installed. Ample parking is available. The landlord is willing to provide buildout depending on the lease terms. The property contains 1,290 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Campbell Randall Attorney McGraw Law Pc Family Law Attorney Virginia Court Services Process Server Select Physical Therapy Physical Therapist Prometric Educational Testing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -80.0240758
    Latitude
    37.2346397

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    FAQs

    What type of property is this?
    Office building - Office building for lease on Electric Road with ample parking.
    Where is this office building located?
    The property is located at 2727 Electric Rd Roanoke, VA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Competitive lease rate in southwest Roanoke County.; - High-traffic location on Route 419/Electric Road (25,000 AADT) with crossover access.; - Full-service gross lease.
    (540) 982-0011
    Request Owner's contact information
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    Roanoke, VA 24018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2727 Electric Rd Roanoke, VA 24018
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