4102 Electric RdCave Spring, VA 24018

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

Medical offices

Property subtype

Medical centers

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.

• 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

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