Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $1,725,000
    Commercial real estate

    3214 Electric Rd, Roanoke, VA 24018-6451

    19,200 SF 1.16 ac lot Built 1985
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US87-2484649
    Property summary
    AI-generated overview

    Springwood Park, located at 3214 Electric Rd in Cave Spring, VA 24018, offers a diverse range of commercial spaces ideal for businesses of all sizes. This 19,200 square foot property, built in 1985 and situated on a 1.16-acre lot, is zoned C2C - General Commercial. The property features a variety of options, from executive office suites with a minimum divisible space of 168 square feet, to larger contiguous spaces up to 1,200 square feet, perfect for street-level retail. Currently, 3,368 square feet of space is available. The building enjoys a prime location at the intersection of Electric Road and Brambleton Avenue, providing excellent visibility and accessibility. Its long-standing presence in the Southwest Roanoke County submarket makes it a well-established and recognizable address. The property's APN is 540-982-2444, and Roanoke County is the governing jurisdiction. This versatile property is well-suited for a variety of commercial uses, offering a unique opportunity to establish or expand your business in a thriving location. The property's multiple tenancy allows for flexibility in lease terms and space configurations.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1985
    Total area 19,200 SF
    Lot 1.16 ac (50,530 SF)
    APN 077.13-05-43.03-0000
    UPID US87-2484649
    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
    • Nourished IV Drip Bar and Wellness Clinic Medical Clinic
    • Perfect Nails Nail Salon
    • Hair Trends Hair Salon
    • Charles H. Holland, PHD Physician Medical Clinic
    • Springwood Park Business Service Center Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.94M
    Blend (final) Blend
    $1.73M
    Owner & transaction history
    M T HOLDING COMPANY LLC
    M T HOLDING COMPANY LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 3214 Electric Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message