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Property profile & analytics
OFF-MARKET
Office Spaces

200 Kingsbarn Cir Salem, VA 24153

Property ID
Property summary
AI-generated overview

This exceptional 2.5-acre commercial land parcel, located at 200 Kingsbarn Cir in Salem, Virginia (zip code 24153), presents a compelling investment opportunity. Zoned BCD, this property is ideally suited for office or medical development. Its prime location within the established Prestonfield area offers immediate access to a thriving medical community. Nearby businesses include LewisGale Physicians Orthopedics, Lucas Therapies, Mount Regis Center, Blue Ridge Pain Management Associates, and University Physical Therapy, ensuring high visibility and potential for strong tenant demand. The expansive lot provides ample space for a substantial development project, catering to a variety of building sizes and configurations. The asking price for this remarkable property is $399,000. Its proximity to the Salem Civic Center further enhances its appeal and accessibility. This is a rare opportunity to acquire a large, well-situated development lot in a rapidly growing area with a strong existing medical presence. The property's size and zoning make it an attractive prospect for developers seeking to capitalize on the area's robust healthcare sector and convenient location. Serious inquiries are encouraged.

Property profile
Verified
Property type Office Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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