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    Electric Rd Roanoke, VA 24018

    Sponsored
    For Sale
    $995,000

    3.8-acre lot, high visibility, C1C zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.8-acre commercial land parcel in Roanoke, Virginia, presents a remarkable development opportunity. Located at 0 Electric Rd, Roanoke, VA 24018, this property boasts 200 feet of prominent frontage along Route 419, ensuring high visibility for any commercial venture. The C1C zoning allows for a variety of commercial uses. Situated near the intersection of Electric Road and Brambleton Avenue (Cave Spring Corners), the site benefits from an annual average daily traffic count of 25,000 vehicles. Its strategic location within a thriving area of Southwest Roanoke County places it amidst established residential neighborhoods, highly-rated schools, convenient banking facilities, the new Publix development, and a diverse range of dining and shopping establishments. The property's 3.8-acre size (APN: 076.16-01-39.01-0000) offers ample space for a wide range of development projects. This high-traffic, high-visibility location makes it an ideal site for businesses seeking maximum exposure and accessibility. The asking price for this prime commercial land is $995,000.

    Property Features for 0 Electric Rd

    General Information

    Property type
    Land
    Lot Size
    165,528 SF

    HighLights

    • High‑visibility location near Cave Spring Corners.
    • Excellent access to major thoroughfares.
    • High traffic count: 25,000 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.014015439789
    Latitude
    37.233206498301

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    FAQs

    What type of property is this?
    Land - 3.8-acre lot, high visibility, C1C zoning
    Where is this land located?
    The property is located at Electric Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: High-visibility location near Cave Spring Corners.; Excellent access to major thoroughfares.; High traffic count: 25,000 vehicles per day.
    (540) 309-9429
    Request Owner's contact information
    Electric Rd 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
    Electric Rd Roanoke, VA 24018
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