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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Industrial properties
1818 Electric Rd Roanoke, VA 24018-1619
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0729208
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1990
Construction
WOOD
Total area
11,883 SF
Lot
0.49 ac (21,127 SF)
Zoning code
CN
APN
510-0903
UPID
US87-0729208
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
-
James W. Gills, PA Physician
-
Jonathan Mapp Barrett Pediatrician Physician
-
Saira Thompson, MD Pediatrician Physician
-
Jonathan M. Barrett, MD Pediatrician Physician
-
Allen W. Crowder, PA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.27M
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.48M
Owner & transaction history
Broadstone Ccp Virginia LLC · 7 yrs held
Broadstone Ccp Virginia LLC
since 2019
4 recorded transactions
Zoning & alternative use
CN · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+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%
$2,460,000
6.5%
$2,270,000
7%
$2,110,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,040,000
Current use
MEDICAL BUILDING
$2,355,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±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
$208 / 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
$29,782
Tax year 2024
Assessed value
$2,394,600
Assessed 2024
Previous assessed
$2,360,400
+1.4% YoY
Effective rate
1.24%
On assessed value
Assessed land
$376,900
Assessed improvement
$2,017,700
Land market value
$376,900
Improvement market value
$2,017,700
Total market value
$2,394,600
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
11,883 SF
Lot
0.49 ac (21,127 SF)
Zoning code
CN
APN
510-0903
UPID
US87-0729208
Jurisdiction
ROANOKE CITY
Zoning & alternative use
CN · Roanoke, VA
Zoning CN · permitted uses
CN · 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
$2.0M
MEDICAL BUILDING
Est. value
$2.4M
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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Broadstone Ccp Virginia LLC
Entity
Free & Clear · 7 yrs held
Mailing address
ROANOKE, VA 24025
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2019
$3,410,672
Broadstone Ccp Virginia LLC
Elliott Bay Healthcare Realty
Grant Deed
—
Dec 20, 2017
$3,120,000
Elliott Bay Healthcare Realty
Roanoke Mob LP
Grant Deed
—
Dec 27, 2016
$2,900,000
Roanoke Mob LP
Electric Group LLC
Deed
$2,320,000 · City National Bank Of West Virginia
Feb 26, 2015
$1,550,000
Electric Group LLC
Hidden Valley Land Co
Grant Deed
$1,680,000 · Freedom First Cu
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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