2129 Electric Rd Roanoke, VA 24018-1992
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.
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Vital Records Control Storage Facility
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Forest Resources Association Association / Organization
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SkinFit Esthetics, LLC Spa & Massage Center Skin Care Clinic
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Barker Claim Services Financial Advisor
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Smith Mark CPA Accounting Firm Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.