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    Thompson Memorial Dr Salem, VA 24153

    For Sale
    $349,950

    Residential - Single Family - Salem, VA

    Type:Single Family Residence
    Lot size:
    2.67 Acres
    Days on Market:
    83
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for Thompson Memorial Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    2.67 Acres

    Building Details

    Architectural style
    Other

    Mountain View Real Estate, LLC (540) 815-4161 [email protected]

    Listing agent BRADLEY THOMAS (540) 815-4161

    Listing date Sep 16, 2025

    MLS# 921003 Listing URL

    Copyright © 2025 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Land Near Interstate 81

    This 2.67-acre property is located near Interstate 81 and presents development potential. The location experiences high traffic volume, which may be suitable for various business ventures. The property could be considered for rezoning to accommodate different types of development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.052275
    Latitude
    37.294166

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    FAQs

    What type of property is this?
    Commercial land - 2.67 acres of land suitable for development and rezoning.
    Where is this commercial land located?
    The property is located at Thompson Memorial Dr Salem, VA.
    What is the asking price?
    The asking price for this property is $349,950.
    What are key features of this property?
    This property features: - High traffic location; - Located right next to Interstate 81; - 2.67 acres
    (540) 815-4161
    Request Owner's contact information
    Thompson Memorial Dr Salem, VA 24153
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    Realmo Value Estimation

    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.

    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.

    More about this property
    Thompson Memorial Dr Salem, VA 24153
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