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Property profile & analytics
FOR LEASE
Office Spaces

2727 Electric Rd SW Cave Spring, VA 24018

23,152 SF 1.83 ac lot Built 1990
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US87-0828750
Property summary
AI-generated overview

This exceptional two-story office building, known as La Premiere, offers 2,559 square feet of versatile commercial space for lease in desirable Cave Spring, Virginia. Located at 2727 Electric Road, this property boasts a highly visible location on Route 419, benefiting from an annual average daily traffic count of approximately 25,000 vehicles. The building features four available suites ranging from 900 to 2,559 square feet, perfect for businesses seeking traditional or executive office space. Each suite offers a blend of private offices and open work areas, enhanced by abundant natural light and elevator access. The property includes ample parking and a newer roof. This is a full-service gross lease, meaning all operating expenses are included in the rent. Furthermore, the landlord is willing to provide tenant improvements based on lease terms, offering flexibility for customization. The entire 2,559 square feet is currently vacant and ready for immediate occupancy. This location provides easy access between Roanoke and Salem, with convenient crossover access from Electric Road directly onto the property.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1990
Total area 23,152 SF
Lot 1.83 ac (79,715 SF)
Zoning code C1C
APN 076.15-01-04
UPID US87-0828750
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
  • Campbell Randall Law Firm
  • McGraw Law Pc Law Firm Child Welfare Organization
  • Virginia Court Services Law Firm
  • Select Physical Therapy Physician
  • Prometric Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.19M
Blend (final) Blend
$1.99M
Owner & transaction history
2727 Electric Road LLC · 4 yrs held
2727 Electric Road LLC
since 2021
2 recorded transactions
2026
Price N/A
2021
Price N/A
Zoning & alternative use
C1C · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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