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    131 Electric Rd Salem, VA 24153

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    For Lease
    Contact for pricing

    Retail space with high visibility and traffic in Salem, VA.

    Property size:
    1,628 SF
    Lot size:
    0.84 Acres

    Property Features for 131 Electric Rd

    General Information

    Size
    1,628 SF
    Lot size
    0.84 Acres

    Source: Cushman & Wakefield | Thalhimer - Corporate Agent Connie Jordan Nielsen

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

    Overview

    Retail Space at Lakeside Plaza

    This retail space is located on a prime pad site within Lakeside Plaza. The property benefits from high visibility and traffic, with approximately 17,000 vehicles per day on Electric Road and 17,000 vehicles per day on Main Street. The property offers a total area of 1,628 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.02767
    Latitude
    37.2962392

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and traffic in Salem, VA.
    Where is this retail space located?
    The property is located at 131 Electric Rd Salem, VA.
    What are key features of this property?
    This property features: - Prime pad site location at Lakeside Plaza; - High visibility; - 17,000 VPD on Electric Rd
    (804) 363-6000
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    131 Electric Rd 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
    131 Electric Rd Salem, VA 24153
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