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    1501 Roanoke Blvd Salem, VA 24153

    Sponsored
    For Lease
    $4 SF/Yr

    414,000 SF Warehouse - VA

    Lot size:
    414,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A industrial warehouse, located at 1501 Roanoke Blvd in Salem, Virginia (zip code 24153), offers 414,000 square feet of versatile space available for lease. The property sits on a substantial 40.32 acres and features a single, two-story building constructed in 1955. The warehouse boasts impressive ceiling heights ranging from a minimum of 7 feet to a maximum of 50 feet, with a column spacing of 50 feet by 30 feet. Loading capabilities include 3 west docks, 4 shipping docks, and 2 receiving docks. Ample parking is provided with 863 rear spaces and 402 front spaces, totaling 1265 parking spaces. The property includes 2 x 7.5MVA power and is zoned HM. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 414,000 square feet. The property benefits from 22 overhead cranes and 24/7 security. The APN is 189-2-1. This is a multi-tenant property offering a unique opportunity for businesses seeking significant warehouse space in a prime location. The property's size, features, and location make it an ideal choice for a variety of industrial uses.

    Property Features for 1501 Roanoke Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    414,000 SF
    Class
    A
    Total Rate
    163875

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    414,000 SF
    Rate per SF
    $4

    HighLights

    • 414,000 square feet available for lease.
    • Clear ceiling heights from 7' to 50'. 50' x 30' column spacing.
    • Loading docks: 3 West, 4 Shipping, 2 Receiving. 222 overhead cranes.
    • Parking: 863 rear spaces, 402 front spaces.
    • 24/7 security.
    • Built in 1955.
    Property Profile Location Intelligence

    Current Use by Public Records

    ABB, Inc. Electrician GE Drives and Controls Manufacturer STS Group North ... Manufacturer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.0314857
    Latitude
    37.2805988

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    FAQs

    What type of property is this?
    Distribution property - 414,000 SF Warehouse - VA
    Where is this distribution property located?
    The property is located at 1501 Roanoke Blvd Salem, VA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 414,000 square feet available for lease.; Clear ceiling heights from 7' to 50'. 50' x 30' column spacing.; Loading docks: 3 West, 4 Shipping, 2 Receiving. 222 overhead cranes.
    Request Owner's contact information
    1501 Roanoke Blvd 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
    1501 Roanoke Blvd Salem, VA 24153
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