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Financial
Distress signals
Property profile

3214 Electric Rd Roanoke, VA 24018

OFF-MARKET
Commercial real estate
Property ID
US87-2484649
19,200 SF 1.16 ac lot Built 1985
Last sale Dec 2019 · $2,821,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Springwood Park, located at 3214 Electric Rd in Cave Spring, VA 24018, offers a diverse range of commercial spaces ideal for businesses of all sizes. This 19,200 square foot property, built in 1985 and situated on a 1.16-acre lot, is zoned C2C - General Commercial. The property features a variety of options, from executive office suites with a minimum divisible space of 168 square feet, to larger contiguous spaces up to 1,200 square feet, perfect for street-level retail. Currently, 3,368…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$20k
Tax billed · 2024
Assessed value$1.88M
Assessed land$586k
Assessed improvement$1.30M
Effective rate1.04%

Value estimate

· Oct 2026
$1.73M
$1.55M – $1.90M
Submarket $/SF estimate$1.94M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$172/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$106 – $242
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionROANOKE

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop12.2
Auto Repair Shop12.0
Kitchen & Bath11.8

Location

3214 Electric Rd Roanoke, VA 24018-6451
County assessor Recorded deeds · not on file 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3846 Electric, Roanoke, VA 24018-4511 $1,100,111 Jul 2025 4,875 SF
3802 Brambleton, Roanoke, VA 24018-3641 $400,000 Oct 2024 4,876 SF
4347 Franklin, Roanoke, VA 24018-5732 $1,600,000 Dec 2022 5,973 SF
4345 Old Cave Spg, Roanoke, VA 24018-3418 $685,000 Mar 2022 4,492 SF
3206 Electric, Roanoke, VA 24018-6426 $2,170,000 Mar 2020 11,036 SF
4049 Brambleton, Roanoke, VA 24018-3426 $6,399,000 Jan 2019 15,292 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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