Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Jacob Quesinberry, Salem, VA

    License ID: VA 0225193464
    Poe & Cronk Real Estate Group
    Association
    Roanoke Valley Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (540) 353-5344
    Office Address:
    10 S Jefferson St, Roanoke, VA, 24011

    Performance

    Listings
    13

    Listings

    For Sale (10)

    View map
    • $399,000
      4.97 Acres

      Salem Multifamily Land Development

      Prime 5-acre Salem, VA development site.
      1871 Harrogate Dr, Salem, VA 24153
      View Details
    • $1,900,000
      36,457 SF

      Pulaski Retail Center - Prime Location

      High-traffic retail space, excellent investment.
      1400 Bob White Blvd, Pulaski, VA 24301
      View Details
    • Contact for pricing
      1.18 Acres

      Lynchburg Commercial Land - 1.18 Acres

      High-traffic 1.18-acre commercial lot, Lynchburg, VA.
      14600 Wards Rd, Lynchburg, VA 24502
      View Details
    • $4,900,000
      102,580 SF

      Downtown Roanoke Office Building

      Five-story office building in downtown Roanoke with stable tenant mix.
      34 Campbell Ave Southwest | Roanoke, Roanoke, VA 24011
      View Details
    • $850,000
      9 SF

      9.56 Acre Industrial Corner Site

      Industrial site with road frontage and easy highway access.
      1270/1272 Rockland Ave Northwest | Roanoke, Roanoke, VA 24012
      View Details
    • $1,900,000
      36,457 SF

      Former Food City Retail Opportunity

      37,000 SF retail building on 4 acres in Pulaski.
      1400 Bob White Blvd, Pulaski, VA 24301
      View Details
    • Contact for pricing
      1 SF

      Prime Land Near Liberty University

      High-traffic commercial land available for sale, ground lease, or build-to-suit.
      14600 Wards Rd, Lynchburg, VA 24502
      View Details
    • $1,295,000
      5,396 SF

      Former Restaurant on High-Traffic Site

      Former restaurant with redevelopment potential on a high-traffic site.
      2775 Lee Hwy, Troutville, VA 24175
      View Details
    • $10,750,000
      146,852 SF

      High-Tech Manufacturing and Warehouse Facility

      Expandable manufacturing, office, and warehouse facility near I-581 and I-81.
      2797 Frontage Rd - NW, Roanoke, VA
      View Details
    • $399,000

      Prestonfield Building Lot Opportunity

      2.5-acre lot suitable for office or medical development.
      200 Kingsbarn Cir, Salem, VA
      View Details

    For Lease (3)

    View map
    • $14 SF/Yr
      91,500 SF

      Refreshed Office Space Available

      Modern office space in Roanoke's revitalized central business district.
      34 Campbell Ave SW, Roanoke, VA 24011
      View Details
    • $16 SF/Yr
      5,160 SF

      Downtown Office Space For Rent

      Office space with parking and updated common areas available now.
      105 Franklin Rd, Roanoke, VA 24011
      View Details
    • $12 SF/Yr
      5,000 SF

      Adaptable Commercial Property For Rent

      5,000 SF commercial property with flexible floor plan.
      1005 E Main St, Salem, VA 24153
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Jacob Quesinberry, Salem, VA
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    Send Message to
    Jacob Quesinberry, Salem, VA
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    (540) 353-5344
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.