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    FOR LEASE
    Strip malls

    3555 Electric Rd, Roanoke, VA 24018

    25,724 SF 1.12 ac lot Built 2006
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US87-3180131
    Property summary
    AI-generated overview

    The Shoppes at West Village, located at 3555 Electric Rd SW, Roanoke, VA 24018, offers a unique opportunity for retail and restaurant businesses. This two-story, 71,631 square foot center, built in 2006, sits on a 2.4-acre lot and boasts 210 parking spaces. The property is zoned C2 and currently has 5,332 square feet of vacant space available, divisible into units as small as 1,545 square feet, with a maximum contiguous space of 3,787 square feet. The center is strategically located just over half a mile west of Tanglewood on Route 419, providing excellent access and egress. This vibrant shopping destination is situated in a high-demand area of Roanoke County, attracting a diverse clientele. Current tenants include a mix of fitness centers, boutiques, specialty retail stores, restaurants, financial institutions, and service businesses. The property presents a compelling investment opportunity for businesses seeking a prominent location within a thriving retail environment. The building features multiple tenancies, providing flexibility for various business models. This is an exceptional opportunity to establish or expand your business in a well-established and highly visible retail center.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2006
    Total area 25,724 SF
    Lot 1.12 ac (48,787 SF)
    APN 077.18-05-02.04-0000
    UPID US87-3180131
    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
    • InnerSun Family Chiropractic, LLC Alternative Medicine Practice
    • Roots salon Hair Salon
    • Clove Piercing & Fine Jewelry Tattoo & Piercing Shop
    • Mathnasium Tutoring Service
    • Optical Shop Ophthalmologist (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $760k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.05M
    Blend (final) Blend
    $905k
    Owner & transaction history
    HUAMIN LLC
    HUAMIN LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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