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    3243 Electric Rd Roanoke, VA 24018

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    For Lease
    $12 SF/Yr ($957 /Mo)

    Customizable office suites in affluent Roanoke neighborhood, recently renovated.

    Property size:
    957 SF
    Lot size:
    0.29 Acres

    Property Features for 3243 Electric Rd

    General Information

    Size
    957 SF
    Lot size
    0.29 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

    Professional Office Space For Lease

    This property offers office suites in various sizes, customizable to specific needs. It is situated in a neighborhood described as one of Roanoke's most demographically affluent. The location provides a quiet professional setting with high traffic counts. The property has recently undergone exterior renovations. It is suitable for dentists, attorney offices, psychologists, and personal service tenants. An ADA entry ramp is present. The property contains 957 square feet of office space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Martin Tim Music Instructor Dr. James M. ... Neurosurgeon

    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
    -80.0074206
    Latitude
    37.2284907

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    FAQs

    What type of property is this?
    Office space - Customizable office suites in affluent Roanoke neighborhood, recently renovated.
    Where is this office space located?
    The property is located at 3243 Electric Rd Roanoke, VA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Customizable suite sizes to fit specific needs.; - Location in a demographically affluent Roanoke neighborhood.; - Exterior renovations project a professional image.
    (540) 982-2444
    Request Owner's contact information
    3243 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
    3243 Electric Rd Roanoke, VA 24018
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