Property profile

2022 Electric Rd Roanoke, VA 24018

OFF-MARKET
Neighborhood centers
80,163 SF
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Property summary

AI-generated overview

Southwest Plaza, located at 2022 Electric Road in Roanoke, Virginia (zip code 24018), is a thriving retail strip center totaling 80,163 square feet. This Food Lion-anchored property offers a diverse range of leasing opportunities, with eight spaces currently available. Individual spaces range from a minimum of 820 square feet to a maximum contiguous space of 14,935 square feet, providing flexibility for various business needs. A significant 21,955 square feet is currently vacant, presenting a prime opportunity for expansion or new tenancy. The center benefits from excellent visibility and convenient access from Electric Road (Route 419), placing it within easy reach of substantial residential communities. Furthermore, Southwest Plaza presents a junior anchor space for lease and an outparcel opportunity for a build-to-suit project, catering to a variety of development preferences. The property is situated in Roanoke County, Virginia, and enjoys a strong trade area with desirable demographics. This location offers exceptional potential for businesses seeking high visibility and access to a robust customer base.

Property profile

Verified
Property type Neighborhood centers
Total area 80,163 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon

Location

2022 Electric Rd Roanoke, VA 24018
Roanoke metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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