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    1501 Roanoke Blvd Salem, VA 24153

    Sponsored
    For Lease
    Contact for pricing

    Large Industrial & Office Space Available

    Lot size:
    764,204 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Roanoke County property, located at 1501 Roanoke Blvd, offers a unique blend of industrial and executive office space, perfect for a variety of businesses. The complex comprises eleven buildings totaling 764,204 square feet on a substantial 40.32-acre lot. The property is zoned H-M (Heavy Industrial), providing flexibility for diverse operations. Multiple tenancy options are available, with spaces ranging from a minimum of 942 square feet to a maximum contiguous space of 255,106 square feet – all currently vacant. The buildings boast impressive features including ceiling heights ranging from 7 to 50 feet, accommodating various needs. Nine dock-high doors facilitate efficient loading and unloading. Power is robust, supported by two 7.5 MVA transformers. Built in 1955, this property presents a significant opportunity for businesses seeking ample space and strategic location in Roanoke County. The property's Assessed Parcel Number (APN) is 189-2-1. This expansive complex provides a rare chance to secure a large footprint in a well-established industrial area. The combination of office and warehouse space makes it ideal for businesses requiring both administrative and operational areas. Contact us today to explore the possibilities.

    Property Features for 1501 Roanoke Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    764,204 SF

    Building Details

    Year Built
    1955
    Buildings
    11

    Unit(s) available at that property

    Space
    2nd Floor Office/Lab
    Size
    160,136 SF
    Space
    1st Floor Exterior Storage
    Size
    942 SF
    Space
    2nd Floor Office
    Size
    16,693 SF
    Space
    Suite 1st Floor Warehouse
    Size
    255,106 SF
    Space
    2nd Floor Existing Tenant
    Size
    26,994 SF
    Space
    1st Floor Existing Tenant
    Size
    81,713 SF
    Space
    Suite 1st Floor Office
    Size
    203,297 SF
    Space
    1st Floor Warehouse (Ava July 2022)
    Size
    16,059 SF

    HighLights

    • 764,204 SF office and industrial property for lease.
    • Multiple tenants possible, with spaces ranging from 942 SF to 255,106 SF contiguous.
    • Entire 764,204 SF building is currently vacant.
    • Situated on 40.32 acres in Roanoke County, VA.
    • Eleven buildings on the site, built in 1955.
    • Ceiling heights range from 7' to 50'.
    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 - Large Industrial & Office Space Available
    Where is this distribution property located?
    The property is located at 1501 Roanoke Blvd Salem, VA.
    What are key features of this property?
    This property features: 764,204 SF office and industrial property for lease.; Multiple tenants possible, with spaces ranging from 942 SF to 255,106 SF contiguous.; Entire 764,204 SF building is currently vacant.
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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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