Financial
Distress signals
Property profile

3241 Electric Rd Roanoke, VA 24018

OFF-MARKET
Other office properties
Property ID
US87-0547075
4,352 SF 1 ac lot Built 1989
Last sale Apr 2024 · $618,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 3241 Electric Rd, Roanoke, Virginia is an office facility within an office park in the southwest part of the county. It provides office suites that can be configured in different sizes to accommodate a range of professional uses, including medical and personal service functions. The building contains 2,023 square feet of office space. It is positioned in a demographically affluent residential-adjacent area that supports tenant demand from uses such as dental, legal, psychological, and personal services. The property includes exterior renovations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$673k
Assessed land$199k
Assessed improvement$474k
Effective rate1.04%

Value estimate

· Sep 2026
$620k
$558k – $682k
AI approach$620k
Submarket $/SF estimate$692k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$172/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$106 – $242
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C1
JurisdictionROANOKE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop17.3
Wholesale Shop15.3
Building Supply14.5

Location

3241 Electric Rd Roanoke, VA 24018-6405
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3635 Manassas, Roanoke, VA 24018-4031 $739,000 Nov 2024 4,475 SF
5001 Carriage, Roanoke, VA 24018-2209 $425,000 Aug 2024 4,617 SF
2155 Electric, Roanoke, VA 24018-2305 $640,000 Jul 2024 4,200 SF
4538 Old Cave Spg, Roanoke, VA 24018-3423 $1,000,000 Jul 2024 5,100 SF
4235 Colonial, Roanoke, VA 24018-4002 $450,000 Jan 2024 3,992 SF
5100 Bernard, Roanoke, VA 24018-4349 $900,000 Jul 2023 5,246 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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