Property profile

72 St John Rd Salem, VA 24153

OFF-MARKET
Industrial properties
7,942 SF 0.71 ac lot Built 2007
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Property summary

AI-generated overview

This exceptional 7,942-square-foot flex space property, located at 72 St John Rd in Salem, Virginia, presents a unique opportunity for businesses seeking versatile commercial space. Built in 2007, this single-tenant building sits on a 0.71-acre lot within the St. John Place Commerce Center and is zoned HM. The property offers a blend of functional areas, ideal for a variety of uses. The space includes a mix of retail space, ample storage, private offices perfect for focused work, a convenient conference room for meetings and collaborations, and a substantial warehouse area. The warehouse features excellent access with one 12x14-foot drive-in door and one 10x14-foot dock door, ensuring efficient loading and unloading of goods. High ceilings, measuring 21 feet, maximize vertical space and storage capacity. Ample parking is available with 28 spaces provided for employees and clients. This property offers a compelling combination of functionality, accessibility, and location, making it an attractive option for businesses seeking a versatile and well-equipped space in Salem, VA. The property's zoning designation, HM, should be verified with the city of Salem for permitted uses.

Property profile

Verified
Property type Industrial properties
Year built 2007
Total area 7,942 SF
Lot 0.71 ac (30,928 SF)

Cap rate & NOI

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

Location

72 St John Rd Salem, VA 24153
Salem metro
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Value estimations

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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
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