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    1618 W Main St Salem, VA 24153

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    For Sale
    $1,425,000

    7,500 SF multi-tenant office building on 1.44 acres.

    Property size:
    7,416 SF

    Property Features for 1618 W Main St

    General Information

    Size
    7,416 SF

    Building Details

    Year built
    2009

    Source: Stephen Pendergrass, SIOR, CCIM Agent Stephen Pendergrass, SIOR, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Office Building For Sale

    The property at 1618 W Main Street in Salem, VA, is a 7,500 square foot multi-tenant professional office building. It is located on the highly sought after W Main commercial corridor and features a dentist office as the anchor tenant. The property sits on 1.44 acres and includes ample parking and a large developable pad for future expansion. The building features solid construction with durable materials and a large parking area. It is located just off W Main Street and is minutes from I-81.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0844887
    Latitude
    37.2880854

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    FAQs

    What type of property is this?
    Office building - 7,500 SF multi-tenant office building on 1.44 acres.
    Where is this office building located?
    The property is located at 1618 W Main St Salem, VA.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: - Highly sought after location on W Main commercial corridor in Salem, VA.; - Large 1.44 acre lot with developable pad for future expansion.; - 7,500sf multi-tenant professional office building.
    (540) 520-3085
    Request Owner's contact information
    1618 W Main St Salem, VA 24153
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    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
    1618 W Main St Salem, VA 24153
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