Technical
Financial
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Property profile

1819 Electric Rd Roanoke, VA 24018

OFF-MARKET
Office Spaces
Property ID
US87-2916747
159,727 SF 13.32 ac lot Built 1970
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Metis Plaza, located at 1819 Electric Rd in Cave Spring, Virginia, offers a diverse range of office spaces within its 165,808 square foot building. Originally constructed in 1969 for Allstate Insurance Company and extensively renovated in 2018, this Class A property boasts a prime location on 20 acres in Roanoke County. The building's versatile design caters to various business needs, accommodating traditional office setups, executive suites, medical practices, coworking spaces, and creative offices. With multiple tenancies available, businesses of all sizes can find a suitable space. The property features ample parking with 1,058 spaces, ensuring convenient access for employees and clients. Its strategic location provides easy access to Roanoke City (5 miles) and Salem (2 miles), situated just 5 miles east of I-81 on Highway 419. The property is zoned C1 and its APN is 067-18-01-07-01. Currently, one large space of 13,665 square feet is available. This exceptional property presents a unique opportunity for businesses seeking a well-maintained, spacious, and conveniently located office environment in a thriving area.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1970
Total area 159,727 SF
Lot 13.32 ac (580,219 SF)
APN 067.18-01-07.01-0000
UPID US87-2916747

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
  • Eye Care Center
  • Financial Advisor Insurance Agency
  • Vocational School Training Center
  • Ophthalmologist
  • Ophthalmologist

Location

1819 Electric Rd Roanoke, VA 24018-1604
Roanoke metro Census 30701 ROANOKE, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.90M
Blend (final) Blend
$16.30M

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

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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