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Property profile & analytics
OFF-MARKET
Office Spaces
2840 Electric Rd Roanoke, VA 24018-3551
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0862651
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Total area
33,078 SF
Lot
7.04 ac (306,662 SF)
Zoning code
C1C
APN
076.16-01-37
UPID
US87-0862651
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
-
Toni Gravely, Keller Williams Realty Roanoke Real Estate Agency
-
Kalbaugh Pfund & Messersmith Law Firm
-
Mc Adams Robert Law Firm
-
Dr. Alice Jackie Wilkerson Physician Medical Clinic
-
KBS Results LLC Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Colonnade I Corp · 4 yrs held
Colonnade I Corp
since 2022
Last sale
$200,000
4 recorded transactions
Zoning & alternative use
C1C · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Roanoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roanoke submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$66,640
Tax year 2024
Assessed value
$6,407,700
Assessed 2024
Previous assessed
$6,272,800
+2.2% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,743,100
Assessed improvement
$4,664,600
Land market value
$1,743,100
Improvement market value
$4,664,600
Total market value
$6,407,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1987
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Bathrooms
10
Total area
33,078 SF
Lot
7.04 ac (306,662 SF)
Zoning code
C1C
APN
076.16-01-37
UPID
US87-0862651
Jurisdiction
ROANOKE
Zoning & alternative use
C1C · Roanoke, VA
Zoning C1C · permitted uses
C1C · Roanoke, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roanoke. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
10
Lot
7.04 ac
Current owner
From public records · entity-resolved
Colonnade I Corp
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 21667, ROANOKE, VA 24018-0579
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
$200,000
Colonnade I Corp
Colonnade One INC
Deed
—
May 15, 2013
$35,000
Commonwealth Of Va
Tp Four LLC
Grant Deed
—
Jan 1, 2004
$7,137,000
Colonnade One INC & Townsends
Dallas Xxix Colonade
Grant Deed
related
—
Oct 1, 2000
—
Clint N Moats
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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