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    Thompson Memorial Dr Salem, VA 24153

    For Sale
    $78,300

    Commercial Land - Salem, VA

    Lot size:
    5.22 Acres
    Days on Market:
    135
    Last Refresh:
    Dec 10 at 3:06 pm

    Property Features for Thompson Memorial Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    5.22 Acres

    Building Details

    Architectural style
    Other

    Long & Foster (540) 772-9206 [email protected]

    Listing agent JEANNINE HANSON (540) 989-0863

    Listing date Jul 29, 2025

    MLS# 919368 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

    Salem, VA Commercial Land

    This 5.22-acre commercial land is located in Salem, Virginia, and is zoned C2, making it suitable for various uses. The property benefits from its proximity to Interstate 81, providing easy access to Salem and the New River Valley. The location experiences strong traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.043351
    Latitude
    37.325304

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    FAQs

    What type of property is this?
    Commercial land - 5.22 acre commercial land with C2 zoning near I-81.
    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 $78,300.
    What are key features of this property?
    This property features: - 5.22 acre lot; - C2 zoning suitable for many uses; - Minute to Interstate 81
    (540) 989-0863
    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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