4102 Electric RdCave Spring, VA 24018
- Healthcare properties
- 2,676 SF
Property Details for 4102 Electric Rd
- Year built
- 1976
- Lot size
- 0.20 AC
- Property size (Sq ft)
- 2,676 SF
- Zone code
- C2
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 077.19-01-13
- APU
- 77190113
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $293,589
- 6.5%
- $271,005
- 7%
- $251,647
-
Comparable approach
- Method
- Valuation
- Relative Method
- $339,673
- Geo Method
- $614,249
-
Alternative Use
- Use
- Valuation
- Residential
- $336,046
- Hospitality
- $307,816
- Educational
- $256,100
- Medical
- $264,907
- Retail
- $398,377
Location Insight
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Latitude
- 37.2261
- Longitude
- -79.9814
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].