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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office Spaces
3235 Electric Rd Roanoke, VA 24018-0192
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0483461
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1985
Total area
3,253 SF
Lot
1 ac (43,560 SF)
Zoning code
C1
APN
077.17-05-03
UPID
US87-0483461
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
-
Lindsey Vaughn, LCSW Foster Care Service Social Service Agency
-
Kyle Calhoun, LPC Marriage Or Relationship Counselor Family Counselor
-
Shannon Roosma, LPC Marriage Or Relationship Counselor Psychotherapist
-
Leeann Allagas, LPC Marriage Or Relationship Counselor Family Counselor
-
Elise Angelos, LPC Marriage Or Relationship Counselor Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$625k
Owner & transaction history
3231 Electric Road LLC · 2 yrs held
3231 Electric Road LLC
since 2023
Last sale
$560,000
5 recorded transactions
Zoning & alternative use
C1 · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$645,000
+15.4%
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
Method
Estimation
Statistic approach
$710,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$560,000
Current use
MEDICAL BUILDING
$645,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $560k (Jul 24 2023)
Last sale anchor
$560k
Jul 24 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$192 / SF
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
$5,154
Tax year 2024
Assessed value
$495,600
Assessed 2024
Previous assessed
$444,700
+11.4% YoY
Effective rate
1.04%
On assessed value
Assessed land
$122,600
Assessed improvement
$373,000
Land market value
$122,600
Improvement market value
$373,000
Total market value
$495,600
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
1985
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
6
Total area
3,253 SF
Lot
1 ac (43,560 SF)
Zoning code
C1
APN
077.17-05-03
UPID
US87-0483461
Jurisdiction
ROANOKE
Zoning & alternative use
C1 · Roanoke, VA
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$560,000
MEDICAL BUILDING
Est. value
$645,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
6
Lot
1 ac
Current owner
From public records · entity-resolved
3231 Electric Road LLC
Entity
Mailing address
3231 ELECTRIC RD, ROANOKE, VA 24018-6425
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2023
$560,000
3231 Electric Road LLC
James A Hurd II
Deed
$476,000 · First Citizens Bank & Trust Co
Jul 24, 2023
—
James A Hurd II
Hurd Iip LLC
Deed
—
May 31, 2018
$395,000
Hurd Iip LLC
Shinwa INC
Grant Deed
—
Jan 28, 2010
$360,000
Shinwa INC
Lynwood S Barton Livin Trust
Grant Deed
$298,000 · Bank/floyd
May 22, 2009
$1,302,275
Thirty Something LLC
Barton L S Living Trust
Grant Deed
—
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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