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    2222 Electric Rd Roanoke, VA 24018

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    For Sale
    $1,000,000

    Strategically located land on Electric Road with redevelopment potential.

    Lot size:
    1.36 Acres

    Property Features for 2222 Electric Rd

    General Information

    Lot size
    1.36 Acres

    Source: Hall Associates, Inc Agent Kristine Davis

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

    Overview

    Electric Road Commercial Land Opportunity

    This property presents an opportunity to acquire land on Electric Road in Southwest Roanoke County, Virginia. The location is situated in a business corridor connecting Roanoke and Salem, Virginia. The property offers visibility and accessibility to major highways, including I-81, which is located 5 miles away. The site encompasses approximately 1.36 acres, offering potential for redevelopment or expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Karl C Saliba ... Optometrist Burris Computer Forms Paper Store Virginia Vedic Clinic Holistic Medicine Practitioner

    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
    -80.0276506
    Latitude
    37.243629

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    FAQs

    What type of property is this?
    Land - Strategically located land on Electric Road with redevelopment potential.
    Where is this land located?
    The property is located at 2222 Electric Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Strategically located office building on Electric Road in SW Roanoke County, a prime business corridor.; - Excellent visibility and easy access.; - Proximity to major highways, including I-81 (5 miles away).
    (540) 982-0011
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    2222 Electric Rd Roanoke, VA 24018
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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
    2222 Electric Rd Roanoke, VA 24018
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