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    Property profile & analytics

    3565 Electric Rd Roanoke, VA 24018-4449

    • Strip malls
    • 14,348 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Jul 08, 2021
    $361,000
    Location Intelligence
    Property ID
    US87-2869888
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cheryl Pigg at Rate (NMLS #1694396) / Mortgage Broker / Mortgage Lender
    • Ginger's Jewelry / Jeweler / Diamond Dealer
    • Sean Kosmann - Guaranteed Rate / Mortgage Lender
    • Super Kicks Karate / Martial Arts School
    • Jason Bialek at Guaranteed Rate (NMLS #210454) / Mortgage Lender / Mortgage Broker

    Property Details for 3565 Electric Rd

    Year built
    2011
    Lot size
    0.93 lot acres
    Property size
    14,348 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    077.18-05-02.06-0000
    APU
    77180502060000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $365,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $375,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $320,000
      Mixed-Use
      $300,000
      Hospitality
      $375,000
      Educational
      $300,000
      Residential Income
      $325,000
      Energy
      $370,000
      Income-Based Land
      $405,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.9974
    Latitude
    37.2251
    CBSA code
    40220
    CBSA name
    ROANOKE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,212
    $437,900
    $1,505,600
    $1,943,500
    -
    $437,900
    $1,505,600
    $1,943,500

    Comparable in this City

    • Value Estimation by Request
      79,909 SF

      3901 Brambleton Ave, Unit 3955

      SHOPPING CENTER, STRIP CENTER • 79,909 SF
      3901 Brambleton Ave, Roanoke, VA 24018-6402
      View Details
    • Value Estimation by Request
      10,500 SF

      3260 Electric Rd

      SHOPPING CENTER, STRIP CENTER • 10,500 SF
      3260 Electric Rd, Roanoke, VA 24018-6400
      View Details
    • Value Estimation by Request
      85,722 SF

      4335 Starkey Rd, Unit 4387

      SHOPPING CENTER, STRIP CENTER • 85,722 SF
      4335 Starkey Rd, Roanoke, VA 24018-0610
      View Details
    • Value Estimation by Request
      13,371 SF

      4206 Brambleton Ave, Unit 4218

      SHOPPING CENTER, STRIP CENTER • 13,371 SF
      4206 Brambleton Ave, Roanoke, VA 24018-3403
      View Details
    • Value Estimation by Request
      28,000 SF

      3524 Electric Rd, Unit 3576

      SHOPPING CENTER, STRIP CENTER • 28,000 SF
      3524 Electric Rd, Roanoke, VA 24018-4453
      View Details
    • Value Estimation by Request
      7,998 SF

      3549 Electric Rd

      SHOPPING CENTER, STRIP CENTER • 7,998 SF
      3549 Electric Rd, Roanoke, VA 24018-4400
      View Details

    Similar Nearby for Sale

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      Roanoke, Virginia NNN Investment Property

      NNN leased Dental Care Alliance investment property in Roanoke, Virginia.
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    Similar Nearby for Lease

    • $14 SF/Yr
      4,720 SF

      Retail Space with High Visibility

      Retail space available in a busy, high-visibility location.
      2061 Electric Rd, Roanoke, VA 24018
      View Details
    • Contact for pricing
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      Southwest Plaza Retail Center

      Roanoke, VA Strip Center - 8 Spaces Available
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      View Details
    • Contact for pricing
      1,365 SF

      Retail Space Near Tanglewood Mall

      Retail space with high visibility and easy access.
      3565 Electric Rd, Roanoke, VA 24018
      View Details
    • $18 SF/Yr
      2,900 SF

      Cave Spring Medical Office Space

      2,900 sq ft Single-Tenant Medical Office
      4097 Electric Rd, Cave Spring, VA 24018
      View Details
    • $12 SF/Yr
      4,016 SF

      Retail Showroom with Warehouse Space

      4,016 SF building with showroom and warehouse for lease.
      3719 Brambleton Ave, Roanoke, VA 24018
      View Details
    • $19 SF/Yr
      2,296 SF

      Standalone Retail/Office Building For Rent

      Standalone building suitable for retail or office use with parking.
      4316 Brambleton Ave, Roanoke, VA 24018
      View Details
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    Roanoke, VA 24018-4449
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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