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Property profile & analytics
FOR LEASE
Medical Office Space

4102 Electric Rd Roanoke, VA 24018

2,676 SF 0.2 ac lot Built 1976
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0556534
Property summary
AI-generated overview

This exceptional Class A, single-tenant office building, totaling 2,732 square feet, presents a remarkable opportunity for businesses seeking a prominent presence in Roanoke's thriving commercial sector. Situated on a 0.2-acre lot at 4102 Electric Road, this one-story building boasts unparalleled visibility along a high-traffic corridor (Route 419/Electric Road), experiencing 37,000 vehicles daily. The property features convenient on-site parking, ensuring effortless access for clients and employees. A prominent monument sign further enhances visibility and brand recognition. Currently fully vacant, this space is ideal for a variety of uses, including medical offices and retail establishments. The building's strategic location within a retail trade area characterized by low vacancy rates and high demand makes it an exceptionally attractive investment. The property's single-tenant occupancy simplifies management and provides a stable investment opportunity. This is a rare chance to secure a prime location on a busy thoroughfare, offering significant potential for growth and success. The building's design and location make it an ideal space for businesses seeking maximum exposure and accessibility. The property's APN is 077-19-01-13.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1976
Total area 2,676 SF
Lot 0.2 ac (8,712 SF)
Zoning code C2
APN 077.19-01-13
UPID US87-0556534
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
  • Mayerchak Michael J DDS Dental Office
  • Dr. Robin E. Hinrichs, DDS Dental Office
  • Dr. Edward M. O'keefe, DDS Dental Office
  • Ms. Robin Bagby Dental Office
  • Edward O'keefe Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
by Request
Comparable Approach Comparable
$563k
Blend (final) Blend
$835k
Owner & transaction history
Rth 21 INC · 1 yrs held
Rth 21 INC
since 2025
Last sale
$830,000
2 recorded transactions
2025
$830,000
2023
$650,000
Zoning & alternative use
C2 · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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