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Property profile & analytics
FOR LEASE
Office Spaces
1325 Electric Rd Roanoke, VA 24018
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-1222430
For Lease
1 / 5
$16.50 SF/Yr
1325 Electric Rd, Roanoke, VA 24018
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Property summary
AI-generated overview
This Class A office building, totaling 139,791 square feet, offers a variety of spaces in a prime South Roanoke location. The two-story building, constructed in 1978, features 150 parking spaces, two elevators, and is situated on an 11.89-acre lot at 1325 Electric Road, Roanoke, VA 24018. The property boasts a convenient location, offering easy access to I-581 and Rt-220, and is situated near Keagy Rd/Rt. 419. The building is zoned PTD (Planned Technology District) and has a Roanoke County APN of 067-00-01-02-01. Currently, there are 10,131 square feet of vacant space available, with a maximum contiguous space of 8,620 square feet. The building is well-maintained, with on-site management and full-service maintenance. Amenities include new LED lighting, ceiling tile, and paint offered to new tenants with acceptable lease terms. The property's proximity to Lewis-Gale Hospital and various shopping and dining options adds to its appeal. The building consists of four suites and is classified as both Traditional and Executive Office space.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Total area
70,664 SF
Lot
11.89 ac (517,928 SF)
Zoning code
PTD
APN
067.00-01-02
UPID
US87-1222430
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
TMEIC Corporation Production Facility
-
MFX Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.06M
Blend (final)
Blend
$8.68M
Owner & transaction history
FRALIN & WALDRON COMMERCIAL RENTAL
FRALIN & WALDRON COMMERCIAL RENTAL
Zoning & alternative use
PTD · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.0M
+15.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Roanoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roanoke submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,125,000
Current use
MEDICAL BUILDING
$13,990,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$8.68M
Range $7.81M – $9.55M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$73,781
Tax year 2024
Assessed value
$7,094,300
Assessed 2024
Previous assessed
$7,038,700
+0.8% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,976,700
Assessed improvement
$5,117,600
Land market value
$1,976,700
Improvement market value
$5,117,600
Total market value
$7,094,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1978
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
10
Total area
70,664 SF
Lot
11.89 ac (517,928 SF)
Zoning code
PTD
APN
067.00-01-02
UPID
US87-1222430
Jurisdiction
ROANOKE
Zoning & alternative use
PTD · Roanoke, VA
Zoning PTD · permitted uses
PTD · Roanoke, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roanoke. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$12.1M
MEDICAL BUILDING
Est. value
$14.0M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Bathrooms
10
Lot
11.89 ac
Current owner
From public records · entity-resolved
FRALIN & WALDRON COMMERCIAL RENTAL
Individual
Free & Clear · 0 yrs held
Mailing address
3130 CHAPARRAL DR STE #200, ROANOKE, VA 24018-4369
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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