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    2727 Electric Rd Cave Spring, VA 24018

    Sponsored
    For Lease
    $14 SF/Yr ($3,092 /Mo)

    Prime Roanoke County office space available.

    Lot size:
    2,559 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story office building, known as La Premiere, offers 2,559 square feet of versatile commercial space for lease in desirable Cave Spring, Virginia. Located at 2727 Electric Road, this property boasts a highly visible location on Route 419, benefiting from an annual average daily traffic count of approximately 25,000 vehicles. The building features four available suites ranging from 900 to 2,559 square feet, perfect for businesses seeking traditional or executive office space. Each suite offers a blend of private offices and open work areas, enhanced by abundant natural light and elevator access. The property includes ample parking and a newer roof. This is a full-service gross lease, meaning all operating expenses are included in the rent. Furthermore, the landlord is willing to provide tenant improvements based on lease terms, offering flexibility for customization. The entire 2,559 square feet is currently vacant and ready for immediate occupancy. This location provides easy access between Roanoke and Salem, with convenient crossover access from Electric Road directly onto the property.

    Property Features for 2727 Electric Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,559 SF
    Total Rate
    3092.13

    Unit(s) available at that property

    Space
    Suite 202
    Size
    935 SF
    Rate per SF
    $14
    Space
    Suite 204
    Size
    596 SF
    Rate per SF
    $14
    Space
    Suite 101
    Size
    2,559 SF
    Rate per SF
    $14
    Space
    Suite 210
    Size
    1,290 SF
    Rate per SF
    $14

    HighLights

    • 2,559 SF two‑story office building for lease in Cave Spring, VA.
    • High‑visibility location on Route 419 (approx. 25,000 AADT).
    • Four suites available, ranging from 900‑2,559 SF, ideal for traditional or executive office space.
    • Each suite features private offices, open work areas, abundant natural light, and elevator access.
    • Ample parking and a newer roof.
    • Full‑service gross lease; tenant improvements available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campbell Randall Attorney McGraw Law Pc Family Law Attorney Virginia Court Services Process Server Select Physical Therapy Physical Therapist Prometric Educational Testing Service

    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
    Cave Spring
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.024157
    Latitude
    37.2346476

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    Nearby Similar for Lease

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      Prime Roanoke Office Space

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Roanoke County office space available.
    Where is this office property / space located?
    The property is located at 2727 Electric Rd Cave Spring, VA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 2,559 SF two-story office building for lease in Cave Spring, VA.; High-visibility location on Route 419 (approx. 25,000 AADT).; Four suites available, ranging from 900-2,559 SF, ideal for traditional or executive office space.
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    Cave Spring, 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.

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    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
    2727 Electric Rd Cave Spring, VA 24018
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