Sold
Last Sold Price

1101 Electric Rd, Salem, VA 24153

OtherProperty Type
0.62 acresLot Size
2004Year Built

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...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.
  • Listed by: JASON FOUNTAIN • INVESTORS REAL ESTATE PARTNERS LLC
  • Listed by: STEVEN ZEGARSKI • INVESTORS REAL ESTATE PARTNERS LLC
Listing closed: 08/11/2026 12:00 AM • Source: Roanoke Valley Association of REALTORS, MLS#: 925213
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Amenities

  • On-site Parking

Location

Listing Courtesy of INVESTORS REAL ESTATE PARTNERS LLC, JASON FOUNTAIN; INVESTORS REAL ESTATE PARTNERS LLC, STEVEN ZEGARSKI

Sold By EDWIN C HALL ASSOCIATES INC, THOMAS TURNER; EDWIN C HALL ASSOCIATES INC, GAVIN HOLLINGSWORTH

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Payment Calculator

$5,568 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,967

Property Taxes

$601

HOA Dues

$0

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Property Information for 1101 Electric Road

Property Details

Building Information

  • Year Built: 2004
  • Lot Size: 0.62 AC / 27,007 SF

Summary

Location and General Information
  • Directions: 1101 Electric RD, Salem, VA 24153
  • MLS Area Major: 0300 - City of Salem
  • City: Salem
  • State Or Province: VA
  • Postal Code: 24153
  • County Or Parish: City of Salem
  • MLS Area Minor: 0300 - City of Salem
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association Fee: $0
  • Parcel Number: 060002201
  • Tax Amount: $7,216
  • Location Legal Taxes - Annual Taxes: $7,216
Parking
  • Parking Features: On Site
  • Attached Garage: No

Property

Lot Information
  • Lot Size Acres: 0.62
  • Lot Size Area: 0.62
  • Lot Size Units: Acres
  • Lot Size Square Feet: 27007.2
  • General Property Description - Total Acreage: 0.62
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: Commercial
  • Year Built: 2004
  • Property Type Label: Commercial
  • General Property Description - Construction Status: Completed
Utilities
  • Sewer: Public Sewer
  • Water Description - Public Water: Yes

Interior and Exterior Features

Interior Features
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0

Property History for 1101 Electric Road

DateEvent & SourcePriceAppreciation
Aug 11, 2026

Sold

Roanoke Valley Association of REALTORS #925213

$930,355—
Jul 22, 2026

Sold (Public Record)

Public Record #1947028294

$930,355—
Jul 22, 2026

Sold (Public Record)

Public Record #147237283

$930,355—
DateEvent & SourcePrice
08/11/2026

Sold

Roanoke Valley Association of REALTORS #925213

$930,355
07/22/2026

Sold (Public Record)

Public Record #1947028294

$930,355
07/22/2026

Sold (Public Record)

Public Record #147237283

$930,355

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1101 Electric Road

Taxable Value

Land

$191,300

Additions

$430,100
Total$621,400

Tax Record

2026

$7,208 ($601 / month)

Home Facts

Baths

6

Total Finished SqFt

5,120 SqFt

Above Grade Finished SqFt

5,120 SqFt

Stories

1

Lot Size

27,181 SqFt

Style

Miscellaneous Commercial

Year Built

2004

Year Renovated

2004

Zoning

HBD

County

SALEM

APN

221-1-4.1

Schools near 1101 Electric Road

This home is within Salem City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
East Salem Elementary School
PublicPK to 5

Andrew Lewis Middle School
Public6 to 8

Salem High School
Public9 to 12

Virginia Virtual Academy at Salem
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1101 Electric Road, Salem, VA 24153
$930,355
–
–
–
27,007
–
–
1.5
3,783
24,219
$1,700,000
–
2
10,260
90,431
–
–
–
–
40,337
$119,500
2
1,589
0
–
4
2
1,557
19,994

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of INVESTORS REAL ESTATE PARTNERS LLC, JASON FOUNTAIN; INVESTORS REAL ESTATE PARTNERS LLC, STEVEN ZEGARSKI

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.