Property profile

5832 West River Rd Salem, VA 24153

FOR SALE
Land
Property ID
US87-1317877
30.5 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 30.5-acre industrial land parcel in Salem, Virginia, presents a rare opportunity for significant development. Located in Roanoke County, the property boasts I-2 (High-Intensity Industrial) zoning, providing flexibility for a wide range of industrial uses. Its strategic location offers easy access to US Route 11 and Interstate 81 (Exit 132, just 0.8 miles away), ensuring seamless transportation and logistics. The site features approximately 1,600 feet of frontage along two active Norfolk Southern rail lines, providing direct rail access for efficient freight transport. The relatively flat topography simplifies construction, and the property's proximity to established businesses like Adams Construction and an American Electric Power substation ensures readily available utilities and infrastructure. Preliminary engineering assessments and cost estimates are available upon request. With at least 20 acres suitable for development, this site is capable of accommodating a substantial building (300,000 square feet or more) plus additional structures. The undeveloped nature of the land minimizes potential environmental concerns, and the County is expected to be highly supportive of development proposals. This is one of the last large industrial development sites available in Roanoke County, making it an exceptional investment opportunity. The property is priced at $1,150,000. The zip code is 24153, and the address is 5832 W River Rd.

Property profile

Verified
Property type Land
Lot 30.5 ac (1,328,580 SF)
UPID US87-1317877

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5832 West River Rd Salem, VA 24153
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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