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    3241 Electric Rd Roanoke, VA 24018

    For Lease
    $15 SF/Yr ($2,528 /Mo)

    Ready-to-use office suites in a demographically affluent Roanoke neighborhood.

    Property size:
    2,023 SF
    Lot size:
    0.59 Acres

    Property Features for 3241 Electric Rd

    General Information

    Size
    2,023 SF
    Lot size
    0.59 Acres

    Source: Poe & Cronk Real Estate Group Agent Richard Wellford

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

    Overview

    Office Space in Prime Location

    This office space is situated in a well-located office park in southwest county, offering a professional setting with high traffic counts. The available office suites come in various sizes and are customizable to accommodate different types of professionals and medical providers, allowing tenants to lease the exact amount of space needed. The property is located in the middle of one of Roanoke's most demographically affluent neighborhoods, which benefits dentists, attorney offices, psychologists, and personal service tenants. The property has recently undergone exterior renovations, projecting a professional image. The property contains 2023 square feet of office space and is located at 3241 Electric Rd, Roanoke, VA.
    Insight Report Location Intelligence

    Current Use by Public Records

    Rhodes IP PLC Patent Attorney Bill Meador Insurance ... Insurance Agency Lawson Realty Group, ... Property Management Company Blue Ridge Digital Video Production Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -80.0078467
    Latitude
    37.2280671

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    FAQs

    What type of property is this?
    Office space - Ready-to-use office suites in a demographically affluent Roanoke neighborhood.
    Where is this office space located?
    The property is located at 3241 Electric Rd Roanoke, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Best-located office park in SW county with high traffic counts.; - Customizable suite sizes to fit specific needs.; - Located in a demographically affluent neighborhood.
    (540) 982-2444
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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
    3241 Electric Rd Roanoke, VA 24018
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