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    Property profile & analytics

    19 Salem Ave Roanoke, VA 24011

    • Industrial properties
    • 4,000 SF
    • 0.05 lot acres
    For Sale
    View listing
    $779,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-0764054
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Premium Parking - P7419 / Parking Lot
    • Yummi Jamaica / Restaurant
    • Knapsack Lot / Parking Lot

    Property Details for 19 Salem Ave

    Year built
    1904
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.05 lot acres
    Property size
    4,000 SF
    Zone code
    D
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    401-0315
    APU
    4010315

    Description

    This exceptional 4,000 square foot retail or restaurant building, located at 19 Salem Ave SE in Roanoke, Virginia (zip code 24011), presents a unique investment opportunity. Built in 1904 and renovated in 2010, this two-story building sits on a 2,186 square foot lot (APN 4010315) and is currently vacant, allowing for immediate occupancy. The property is zoned D, making it suitable for a variety of commercial uses. With an asking price of $779,000 ($194.75 per square foot), this property offers a compelling return on investment. Its prime downtown location offers high visibility and foot traffic, situated near the Roanoke City Market, Taubman Museum of Art, and Mill Mountain Park, ensuring a vibrant and bustling environment. The building's history and recent renovations combine to create a unique blend of character and modern functionality, making it an ideal space for a discerning business owner seeking a prominent location in a thriving downtown area. The property consists of one building and is ready for immediate use.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke City
    State
    Virginia
    Longitude
    -79.9396
    Latitude
    37.2722
    CBSA code
    40220
    CBSA name
    ROANOKE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,629
    $105,100
    $543,700
    $648,800
    -
    $105,100
    $543,700
    $648,800

    Comparable in this City

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      30 Church SW Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.11 Acres
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      0.06 Acres

      Salem SW Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.06 Acres
      Salem SW Ave, Roanoke, VA 24011
      View Details
    • Value Estimation by Request
      0.06 Acres

      Kirk SE Ave

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      0.08 Acres

      Kirk SW Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.08 Acres
      Kirk SW Ave, Roanoke, VA 24011
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    • Value Estimation by Request
      0.07 Acres

      Luck SW Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.07 Acres
      Luck SW Ave, Roanoke, VA 24011
      View Details

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      Renovated Office Space Available

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    19 Salem Ave
    Roanoke, VA 24011
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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
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