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Professional Office Space For Lease
For Lease
$12 SF/Yr

3243 Electric Road, Cave Spring, VA 24018

Customizable office suites in affluent Roanoke neighborhood, recently renovated.

Space Size957 SF - 1,026 SF
Property Size5,739 SF
Days on Market271

Property Features for 3243 Electric Road

General Information

Standard status Active
Size 957 SF - 1,026 SF
Class C
Property subtype Office
Lease Term NN; MG

Building Details

Building Size 5,739 SF
Year Built 1989

Spaces For Lease

at 3243 Electric Road Contact us

2nd Floor A $15/SF/Yr

Size
957 SF
Type
Office Building
Term
Negotiable
Contact us

Lower Level - South $12/SF/Yr

Size
1,026 SF
Type
Office Building
Term
Negotiable
Contact us
Listing Agency: Poe & Cronk Real Estate Group
Listed By: Richard Wellford, CCIM · License #0225077598
Source: Tcnworldwide
Added: Nov 25, 2025 Changed: Aug 23 Last Checked: Aug 22 at 4:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Poe & Cronk Real Estate Group

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • Customizable suite sizes to fit specific needs.
  • Location in a demographically affluent Roanoke neighborhood.
  • Exterior renovations project a professional image.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Auto Repair Shop Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,065
Businesses Nearby

Demographics for 24018, VA

39,144
Population
17,546
Households
2.2
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
42.8 sq mi
ZIP Area
915
Density / Sq Mi
$90,383
Median Household Income
$53,350
Median Earnings
$1,221
Median Rent
$327,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Customizable office suites in affluent Roanoke neighborhood, recently renovated.
Where is this office units located?
The property is located at 3243 Electric Road Cave Spring, 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.
More about this property
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