Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3830 Electric Rd Roanoke, VA 24018-4511

    • Gas stations
    • 4,920 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2022
    $1,060,000
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2892358
    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

    • Pep Boys / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 3830 Electric Rd

    Year built
    2000
    Lot size
    0.80 lot acres
    Property size
    4,920 SF
    Property type
    Gas stations
    APN
    087.07-02-12.01-0000
    APU
    87070212010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,360,000
      ML approach
      $1,375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $971,000
      Market price range: $267k - $971k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $700,000
      Current use
      AUTO REPAIR, GARAGE
      $800,000
      Change: +14% Conversion: Difficult
      MEDICAL BUILDING
      $690,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.989
    Latitude
    37.2246
    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
    $9,008
    $348,900
    $517,300
    $866,200
    -
    $348,900
    $517,300
    $866,200

    Comparable in this City

    • Value Estimation by Request
      1,408 SF

      5060 Terry Walters Dr

      SERVICE STATION (FULL SERVICE) • 1,408 SF
      5060 Terry Walters Dr, Roanoke, VA 24018
      View Details
    • Value Estimation by Request
      2,822 SF

      3223 Brambleton Ave

      SERVICE STATION (FULL SERVICE) • 2,822 SF
      3223 Brambleton Ave, Roanoke, VA 24018-3730
      View Details
    • Value Estimation
      $650,000
      9,119 SF

      5920 Starkey Rd

      SERVICE STATION (FULL SERVICE) • 9,119 SF
      5920 Starkey Rd, Roanoke, VA 24018-9048
      View Details
    • Value Estimation
      $535,000
      3,540 SF

      3820 Electric Rd

      SERVICE STATION (FULL SERVICE) • 3,540 SF
      3820 Electric Rd, Roanoke, VA 24018-4511
      View Details
    • Value Estimation by Request
      1,650 SF

      3211 Vly Frg Ave

      SERVICE STATION (FULL SERVICE) • 1,650 SF
      3211 Vly Frg Ave, Roanoke, VA 24018
      View Details
    • Value Estimation by Request
      1,936 SF

      6422 Bent Mtn Rd

      SERVICE STATION (FULL SERVICE) • 1,936 SF
      6422 Bent Mtn Rd, Roanoke, VA 24018-5647
      View Details

    Similar Nearby for Sale

    • $850,000
      5,747 SF

      Cave Spring Retail Investment Opportunity

      Two Fully Leased Buildings, High Traffic Area
      3406 Brambleton Ave, Cave Spring, VA 24018
      View Details
    • Contact for pricing
      4,103 SF

      Leased Retail Buildings For Sale

      Two fully leased retail buildings in Roanoke, Virginia.
      3414 Brambleton Ave, Roanoke, VA 24018
      View Details
    • $595,000
      1 SF

      Land Near Publix Development

      Land with C2 zoning near new Publix development.
      4430 Old Cave Spring Rd, Roanoke, VA 24018
      View Details
    • Contact for pricing
      7,770 SF

      Roanoke, Virginia NNN Investment Property

      NNN leased Dental Care Alliance investment property in Roanoke, Virginia.
      1930 Electric Rd, Roanoke, VA 24018
      View Details
    • $3,101,040
      52.56 Acres

      Roanoke Land with Development Potential

      52.56 acres in Roanoke County with mixed zoning.
      Elm View Rd, Roanoke, VA 24018
      View Details
    • $775,000
      6,600 SF

      Cave Spring Office Building

      Prime Medical/Office Space, High Traffic
      3247 Electric Rd, Cave Spring, VA 24018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      811,270 SF

      Tanglewood Mall Medical Office Space

      Prime Medical Office Space in Roanoke, VA. Multiple suites available.
      4420 Electric Rd, Cave Spring, VA 24018
      View Details
    • $18 SF/Yr
      1,893 SF

      Brambleton Ave Office Space For Lease

      High-traffic Cave Spring office space.
      4525 Brambleton Ave, Cave Spring, VA 24018
      View Details
    • $16 SF/Yr
      85,722 SF

      Old Country Plaza Retail Space

      Prime Roanoke County retail space available.
      4309-4382 Starkey Rd, Cave Spring, VA 24018
      View Details
    • Contact for pricing
      2,043 SF

      Prime Retail Space in Roanoke

      2043 SF retail space in Cave Spring area.
      5207 Bernard Dr, Roanoke, VA 24018
      View Details
    • Contact for pricing
      80,163 SF

      Southwest Plaza Retail Center

      Roanoke, VA Strip Center - 8 Spaces Available
      2022 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3830 Electric Rd
    Roanoke, VA 24018-4511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!