4102 Electric RdCave Spring, VA 24018

  • Healthcare properties
  • 2,676 SF
For Lease
$28/SF/YR View listing

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
4102 Electric Rd, Cave Spring, Virginia

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

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
$4,560
$150,300
$288,200
$438,500
-
$150,300
$288,200
$438,500

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