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Property profile & analytics
OFF-MARKET Estimated value $525,000
Office Spaces

2129 Electric Rd Roanoke, VA 24018-1992

5,992 SF 0.74 ac lot Built 1974
Entity Owned ~ Est. High Equity
Property ID
US87-2408429
Property summary
AI-generated overview

This attractive, well-maintained Class B office building in Cave Spring, Virginia, presents a unique owner-user opportunity. Located at 2129 Electric Rd, zip code 24018, in the desirable Oak Grove neighborhood, this 5,992 square foot multi-tenant property offers high visibility and immediate occupancy potential. The ground floor is currently vacant and ready for immediate use, making it ideal for a business seeking a move-in ready space. The upper floors are occupied by three long-term tenants on month-to-month leases who are interested in remaining. This presents a strong income stream for an owner-user, or the potential to increase rental income with future lease negotiations. The building's location within the growing Oak Grove community provides excellent access to local businesses and residents, capitalizing on the area's ongoing development and increasing property values. The asking price for this exceptional property is $595,000. This is a rare opportunity to acquire a well-situated, income-producing asset in a thriving Virginia community.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1974
Total area 5,992 SF
Lot 0.74 ac (32,234 SF)
APN 076.07-04-32.04-0000
UPID US87-2408429
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
  • Vital Records Control Storage Facility
  • Forest Resources Association Association / Organization
  • SkinFit Esthetics, LLC Spa & Massage Center Skin Care Clinic
  • Barker Claim Services Financial Advisor
  • Smith Mark CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$701k
Blend (final) Blend
$525k
Owner & transaction history
Pk2129 LLC
Pk2129 LLC
since 2026
Last sale
$530,000
2 recorded transactions
2026
$530,000
2007
$450,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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