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Property profile & analytics
OFF-MARKET Estimated value $805,000
Office Spaces

2770 Electric Rd Roanoke, VA 24018-3581

4,872 SF 0.51 ac lot Built 2001
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-1357294
Property summary
AI-generated overview

This exceptional office property, located in the McVitty Executive Center off Electric Road, offers 4,872 square feet of move-in ready space in a high-traffic business corridor. The building, constructed in 2001, is a Class B, two-story structure with two suites available. The total building comprises 4,872 square feet, with a minimum divisible space of 2,436 square feet and a maximum contiguous space of 4,872 square feet. Currently, three spaces are available, ranging from 2,262 to 4,872 square feet. Each suite boasts a wealth of amenities including 10 private offices, two conference rooms, a dedicated copy/file room, four bathrooms, a welcoming reception area, and a stylish entrance lobby. The property features private bathrooms for added convenience and privacy. The landlord is open to providing tenant improvements (TI) with favorable lease terms. This location benefits from its proximity to a dense concentration of businesses and retail establishments, ensuring high visibility and accessibility. The property's APN is 076-16-07-06, and it's situated in Roanoke County. This is an excellent opportunity for businesses seeking a well-appointed and strategically located office space.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2001
Total area 4,872 SF
Lot 0.51 ac (22,216 SF)
Zoning code C1
APN 076.16-07-06
UPID US87-1357294
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
  • Waldron Engineering & Construction Engineering Consultant
  • University Housing Group Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$805k
Owner & transaction history
Aaron Properties LLC · 2 yrs held
Aaron Properties LLC
since 2023
Last sale
$665,000
2 recorded transactions
2023
$665,000
2001
$157,000
Zoning & alternative use
C1 · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $965,000 +15.4%
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