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    68 St John Rd Salem, VA

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    For Lease
    $9 SF/Yr ($8,043 /Mo)

    Located in St. John Place Commerce Center, Salem, VA.

    Property size:
    9,900 SF
    Lot size:
    3.69 Acres

    Property Features for 68 St John Rd

    General Information

    Size
    9,900 SF
    Lot size
    3.69 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, VA Build-to-Suit Opportunity

    Located at 68 St. John Road in Salem, VA, within The St. John Place Commerce Center, this property presents a build-to-suit opportunity. The site benefits from its corner lot location and proximity to both Interstate 81 (2.7 miles) and Interstate 581 (5 miles), facilitating convenient access to Roanoke, Salem, and surrounding areas. Currently zoned HBD, the property is undergoing rezoning to HM. The property includes 19 parking spaces and a truck dock. It is new construction, offering modern facilities for prospective tenants.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Similar Places Nearby

    Patterson Pope

    Map

    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0547626
    Latitude
    37.2934681

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    FAQs

    What type of property is this?
    Warehouse - Located in St. John Place Commerce Center, Salem, VA.
    Where is this warehouse located?
    The property is located at 68 St John Rd Salem, VA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - New Construction: Benefit from modern design and construction standards.; - Excellent Location: Situated in The St. John Place Commerce Center with convenient access to Interstate 81 (2.7 miles) and Interstate 581 (5 miles).; - Ample Parking: Includes 19 parking spaces for employees and customers.
    (540) 776-0606
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    Salem, VA
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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
    68 St John Rd Salem, VA
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