www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30091793
30091812

1101 Electric Rd, Salem, VA 24153

JF
VA 0225077081
Investors Real Estate Partners
SZ
VA 0225245213
Investors Real Estate Partners
Listed by Investors Real Estate Partners
$995,000
119 days on market
Updated 19 days ago

Electric Road Professional Office Investment

Details
APN 060002201
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 5,163
Net Rentable (SqFt) 5,163
Units 2
Cap Rate 6.12%
NOI $60,859
Occupancy 100%
Tenancy Multi
Price per SqFt $193
Class A
Year Built 2004
Buildings 1
Acreage 0.620
Zoning HBD
Investment Type Value Add

Multi-Tenant Professional / Medical Office Building

Marketing description

Positioned along the well-traveled Electric Road corridor in Salem, Virginia, this ±5,163 SF professional office building offers investors a stable multi-tenant asset within one of the region’s primary commercial corridors.

Constructed in 2004 and situated on approximately ±0.62 acres, the property features two office suites designed to accommodate professional and medical office users. The building offers modern construction, efficient layouts, ample natural light, and dedicated on-site parking for tenants and visitors.

Currently leased to two established professional tenants, including a medical office user, the property provides consistent in-place income while offering future rental growth potential as leases roll to market rates. Its location along Electric Road places it within close proximity to retail centers, restaurants, and major transportation routes connecting Salem and the greater Roanoke Valley.

Investment highlights

  • 5,163 SF Multi-Tenant Professional Office Building

  • Two Established Tenants

  • Built in 2004 With Modern Construction

  • Located Along Electric Road Commercial Corridor

  • ±0.62 Acre Site With Dedicated Parking

  • Highway Business District (HBD) Zoning

  • Medical And Professional Office Use

  • Stable In-Place Income With Future Rent Growth

Listing Contacts

JF
VA 0225077081
Investors Real Estate Partners
SZ
VA 0225245213
Investors Real Estate Partners
Listed by Investors Real Estate Partners

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,859.00
$5,071.58/mo

Valuation Metrics

0
DSCR
6.12%
Cap Rate
6.12%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Jason Fountain
License
0225077081
Brokerage
VRC Properties
Title
Principal Broker
Brokerage Address
3800 Electric Road
Name
Steve Zegarski
License
0225245213
Brokerage
Virginia Residential & Commercial Properties
Title
Broker
Brokerage Address
3800 Electric Road Southwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591