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    3247 Electric Rd Cave Spring, VA 24018

    Sponsored
    For Sale
    $775,000

    Prime Medical/Office Space, High Traffic

    Property size:
    6,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This 6,600 square foot, three-story Class C office building at 3247 Electric Rd, Cave Spring, VA 24018, is a fantastic investment opportunity. Built in 1988 and extensively renovated in 2023, the property boasts a desirable location within a quiet office park in Roanoke County, enjoying exceptionally high traffic counts. Zoned C1, it offers flexible office suites ideal for various professionals, including medical providers, dentists, attorneys, and others. The $775,000 asking price translates to $117.42 per square foot. Recent exterior renovations ensure a professional image, exceeding expectations for the price point. The property presents an owner-occupant income opportunity, allowing you to benefit from tenant rental income while enjoying a prime location in a demographically affluent neighborhood. The APN is 077.17-05-06.00-0000. This is a rare chance to acquire a well-maintained, high-traffic office building in a sought-after area. Don't miss this chance to own a piece of Roanoke County's thriving commercial real estate market.

    Property Features for 3247 Electric Rd

    General Information

    Property type
    Medical offices
    Square Feet
    6,600 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1988/2023
    Stories
    3

    HighLights

    • 6,600 SF, three‑story Class C office building in Cave Spring, VA.
    • Located in a quiet Roanoke County office park with high traffic counts.
    • Recently renovated (2023) with flexible office suites.
    • Asking price: $775,000 ($117.42/SF).
    • Zoned C1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spigle ROE Massey ... Attorney Aca Counseling Services Mental Health Service Michael Chiglinsky, Ph.D. Psychologist Aca Counseling Services: ... Psychologist RoanokValleyChiropractic Chiropractor

    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
    -80.007365766735
    Latitude
    37.229210622873

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    FAQs

    What type of property is this?
    Medical office - Prime Medical/Office Space, High Traffic
    Where is this medical office located?
    The property is located at 3247 Electric Rd Cave Spring, VA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: 6,600 SF, three-story Class C office building in Cave Spring, VA.; Located in a quiet Roanoke County office park with high traffic counts.; Recently renovated (2023) with flexible office suites.
    Request Owner's contact information
    3247 Electric Rd Cave Spring, VA 24018
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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.

    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
    3247 Electric Rd Cave Spring, VA 24018
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