Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1903-1925 Electric Rd Salem, VA 24153

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in shopping center anchored by Kroger.

    Property size:
    1,400 SF
    Lot size:
    6.78 Acres

    Property Features for 1903-1925 Electric Rd

    General Information

    Size
    1,400 SF
    Lot size
    6.78 Acres

    Source: Midland Atlantic Properties Agent Kyle Nageleisen

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

    Overview

    Retail Space in Salem Center

    This retail space, comprising 1400 square feet, is situated within a shopping center. The center is anchored by a high-sales volume Kroger store that was recently renovated, indicating a long-term commitment to the location. The property is located at a signalized intersection along Electric Road, providing access to I-581/Route 220 and I-81. It is also located across the street from LewisGale Medical Center, a major employer in the area.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Similar Places Nearby

    Ridgewood Farms Shopping Center, Coinstar Kiosk | Bitcoin ATM, Valley Commons

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0345164
    Latitude
    37.2652323

    Nearby Similar for Lease

    • $14 SF/Yr
      176,779 SF

      Spartan Square Retail Center

      Salem, VA: Prime Retail Space Available
      1400 Main St, Salem, VA 24153
      View Details
    • Contact for pricing
      95,000 SF

      Salem Retail Center Opportunity

      High-visibility retail space available in Salem, VA.
      1355 Main St, Salem, VA 24153
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Salem Corridor

      Retail space for lease in Salem's busiest retail corridor.
      1330-1336 W Main St, Salem, VA 24153
      View Details
    • Contact for pricing
      764,204 SF

      Roanoke Blvd Industrial/Office Complex

      Large Industrial & Office Space Available
      1501 Roanoke Blvd, Salem, VA 24153
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Mill Lane Commons

      Retail space for lease in Salem's busiest retail corridor.
      1300-1328 W Main St, Salem, VA 24153
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Salem Center

      Vibrant shopping center anchored by Kroger in Salem, Virginia.
      141 Electric Rd, Salem, VA 24153
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in shopping center anchored by Kroger.
    Where is this shopping center located?
    The property is located at 1903-1925 Electric Rd Salem, VA.
    What are key features of this property?
    This property features: - High-sales volume Kroger store anchors the center.; - Kroger recently renovated, indicating long-term commitment.; - Located at a signalized intersection on Electric Road.
    (513) 792-5000
    Request Owner's contact information
    1903-1925 Electric Rd Salem, VA 24153
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1903-1925 Electric Rd
    Salem, VA 24153
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1903-1925 Electric Rd Salem, VA 24153
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.