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    1650 Braeburn Dr Salem, VA 24153

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    For Sale
    $1,950,000

    Retail property featuring strategic location, high traffic, and ample parking.

    Property size:
    10,545 SF
    Lot size:
    1.40 Acres

    Property Features for 1650 Braeburn Dr

    General Information

    Size
    10,545 SF
    Lot size
    1.40 Acres

    Source: Andy Mullins Commercial Real Estate Agent Andy Mullins

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

    Overview

    Retail Property with Highway Access

    This retail property benefits from a strategic location with convenient highway access. The property is situated in close proximity to healthcare facilities, shopping centers, and entertainment venues. It experiences high traffic volume and offers ample parking. The zoning is HBD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jersey Lily's Roadhouse Steak House

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0337218
    Latitude
    37.2652064

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    FAQs

    What type of property is this?
    Retail property - Retail property featuring strategic location, high traffic, and ample parking.
    Where is this retail property located?
    The property is located at 1650 Braeburn Dr Salem, VA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Strategic location with easy highway access; - Zoned HBD; - Close proximity to healthcare, shopping, and entertainment
    (540) 776-0606
    Request Owner's contact information
    1650 Braeburn Dr 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
    1650 Braeburn Dr Salem, VA 24153
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