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    751 Union St Salem, VA 24153

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    For Lease
    $6 SF/Yr ($5,730 /Mo)

    Versatile industrial building in Salem, Virginia, with multiple bay doors.

    Property size:
    11,460 SF
    Lot size:
    8.51 Acres

    Property Features for 751 Union St

    General Information

    Size
    11,460 SF
    Lot size
    8.51 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

    Salem Industrial Building For Lease

    This 11,460 square foot industrial building is available for lease in Salem, Virginia. The property features four 14-foot bay doors, one 8-foot bay door, and dock access. High ceilings and office space are included. Parking is available. The building is located off 4th Street/Truck Route, one mile from West Main Street and 2.9 miles from I-81.
    Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    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

    Roanoke Moving, Salem Storage

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0590167
    Latitude
    37.2840837

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    FAQs

    What type of property is this?
    Warehouse - Versatile industrial building in Salem, Virginia, with multiple bay doors.
    Where is this warehouse located?
    The property is located at 751 Union St Salem, VA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - 11,460 sf industrial building; - Convenient location: Off 4th St/Truck route, 1 mile from W Main St, and 2.9 miles from I-81; - Features 4 (14ft) bay doors and 1 (8ft) bay door
    (540) 776-0606
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    751 Union St 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
    751 Union St Salem, VA 24153
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