Property profile

2047 Electric Rd Roanoke, VA 24018

OFF-MARKET
Retail properties & Spaces
47,172 SF Built 1969
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Property summary

AI-generated overview

Oak Grove Plaza, located at 2047 Electric Rd, Cave Spring, VA 24018, offers a prime retail opportunity in Roanoke County's SW Roanoke County submarket. This single-story, Class C building, constructed in 1969, totals 47,172 square feet and features 200 parking spaces. Currently, 5,000 square feet of contiguous space is available, with a minimum divisible space of 4,720 square feet. The property boasts a highly visible location on Electric Rd, a busy retail corridor with a strong daytime population, and benefits from a signalized intersection at Grandin Rd Ext. The site provides excellent accessibility with four points of ingress/egress. Electric Rd experiences a traffic count of 26,000 vehicles daily. This presents a unique chance to establish or expand a retail presence in a well-established commercial area. The property is situated in Roanoke, Virginia, and is easily accessible to the surrounding community. The building offers a single-story layout for convenient access and operation.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1969
Total area 47,172 SF

Cap rate & NOI

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

Location

2047 Electric Rd Roanoke, VA 24018
Roanoke metro
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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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