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    1005 E Main St Salem, VA 24153

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    For Lease
    $12 SF/Yr ($5,000 /Mo)

    5,000 SF commercial property with flexible floor plan.

    Property size:
    5,000 SF
    Lot size:
    0.39 Acres

    Property Features for 1005 E Main St

    General Information

    Size
    5,000 SF
    Lot size
    0.39 Acres

    Source: Poe & Cronk Real Estate Group Agent Jacob Quesinberry

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

    Overview

    Adaptable Commercial Property For Rent

    This is a versatile 5,000 square foot single-story brick commercial property available for rent. Suites are available starting at 1,000 square feet. The building features a flexible floor plan with existing partitions, making it suitable for single or multi-tenant use. The property includes 15 dedicated customer parking spaces, along with an additional lot for supplemental parking and storage.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0418131
    Latitude
    37.2960378

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    FAQs

    What type of property is this?
    Office space - 5,000 SF commercial property with flexible floor plan.
    Where is this office space located?
    The property is located at 1005 E Main St Salem, VA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - 5,000 SF single-story brick commercial property; - Suites available starting at 1,000 SF; - Flexible floor plan suitable for single or multi-tenant use
    (540) 353-5344
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    1005 E 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
    1005 E Main St Salem, VA 24153
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