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    340 Apperson Dr Salem, VA 24153

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    For Lease
    $8 SF/Yr ($5,312 /Mo)

    7,500 SF warehouse with office space for lease.

    Property size:
    7,500 SF
    Lot size:
    2.12 Acres

    Property Features for 340 Apperson Dr

    General Information

    Size
    7,500 SF
    Lot size
    2.12 Acres

    Source: Hall Associates, Inc Agent Chris Nelson

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

    Overview

    Corner Unit Warehouse Space Available

    This corner unit offers 7,500 square feet of space, including 2,400 square feet of office space and 5,100 square feet of warehouse area. The property is situated on Apperson Drive, a highly traveled road, approximately a quarter mile from the intersection of 419 and Apperson Drive. It features both a drive-in door and a dock door and is ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reico Kitchen & Bath Kitchen Remodeler

    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.

    Similar Places Nearby

    Virginia Varsity Storage, Apperson Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0509291
    Latitude
    37.2728893

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    FAQs

    What type of property is this?
    Warehouse - 7,500 SF warehouse with office space for lease.
    Where is this warehouse located?
    The property is located at 340 Apperson Dr Salem, VA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - 7,500 sq. ft. total space with 2,400 sq. ft. of office space and 5,100 sq. ft. of warehouse.; - High-traffic corner unit location on Apperson Drive.; - Proximity to the intersection of 419 and Apperson Drive.
    (540) 761-5515
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    340 Apperson 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
    340 Apperson Dr Salem, VA 24153
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