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Property profile & analytics
OFF-MARKET Estimated value $4,010,000
Office Spaces

3090 Electric Rd Roanoke, VA 24018-3531

19,543 SF 0.74 ac lot Built 2008
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US87-2892041
Property summary
AI-generated overview

This exceptional Class A medical office complex, located at 3090 Electric Road in Cave Spring, Virginia, presents a unique investment opportunity. The property consists of two newly constructed (2020) buildings totaling 16,000 square feet, situated on a 7.1-acre lot. Currently, 6,960 square feet of space is available for lease, with a minimum divisible space of 4,000 square feet and a maximum contiguous space of 16,000 square feet. The buildings boast a brick exterior, high-end finishes, and incorporate virus control technology. Ample parking is provided with over 75 spaces, and prominent digital monument signage ensures excellent visibility. The buildings are delivered in shell condition, allowing for complete customization to meet tenant specifications. The property benefits from a highly desirable location in Southwest Roanoke County, offering convenient access to the Electric Road/419 corridor, less than a quarter-mile west of Cave Spring Corner. Easy access and egress from Route 419 are key advantages. The zoning is CIC, and the property features one elevator. This property is ideal for medical professionals seeking a modern, well-equipped, and highly visible location in a thriving business center. Landlord incentives and a substantial tenant improvement allowance are available for qualified long-term tenants. The APN is 076.16-01-39.03-0000

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2008
Total area 19,543 SF
Lot 0.74 ac (32,234 SF)
APN 076.16-01-39.02-0000
UPID US87-2892041
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
  • How to sell my house Real Estate Agency
  • Dr. Linda G. Till, DDS Dental Office
  • Liro Ramirez, Realtor Real Estate Agency
  • Erik Olson, Realtor Real Estate Agency
  • Berkshire Hathaway HomeServices Premier, REALTORS Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.65M
Blend (final) Blend
$4.01M
Owner & transaction history
Till Asset Management LLC · 4 yrs held
Till Asset Management LLC
since 2022
1 recorded transaction
2022
$694,200
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.9M +15.4%
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