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Property profile & analytics
OFF-MARKET
Estimated value
$11,040,000
Industrial properties
1100 Intervale Dr Salem, VA 24153-6416
Entity Owned
~
Est. High Equity
Property ID
US87-0525684
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Total area
170,000 SF
Lot
8.66 ac (377,012 SF)
Zoning code
HM
APN
249-5-2
UPID
US87-0525684
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
Current use
Occupant on record · Public records
-
Readerlink Business Service Center Employment Agency
-
Readerlink Distribution Services, LLC Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.06M
Blend (final)
Blend
$11.04M
Owner & transaction history
Trp Intervale LLC
Trp Intervale LLC
since 2025
Last sale
$11.6M
4 recorded transactions
Zoning & alternative use
HM · Salem, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HM Heavy Manufacturing District is created to establish and preserve areas within the city that are suitable for business and more intensive industrial uses. The district allows a wide variety of intensive industrial and warehouse uses
Zone name
Heavy Manufacturing District
General category
INDUSTRIAL
Zone area
955.28 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,760,000
ML approach
$11,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.04M
Range $9.94M – $12.14M · ±10% · vs last sale $11.55M (Jul 8 2025)
Last sale anchor
$11.55M
Jul 8 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$85,260
Tax year 2023
Assessed value
$7,105,000
Assessed 2023
Previous assessed
$6,241,700
+13.8% YoY
Effective rate
1.20%
On assessed value
Assessed land
$834,600
Assessed improvement
$6,270,400
Land market value
$834,600
Improvement market value
$6,270,400
Total market value
$7,105,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
170,000 SF
Lot
8.66 ac (377,012 SF)
Zoning code
HM
APN
249-5-2
UPID
US87-0525684
Jurisdiction
SALEM CITY
Zoning & alternative use
HM · Salem, VAZoning HM · permitted uses
HM · Salem, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HM Heavy Manufacturing District is created to establish and preserve areas within the city that are suitable for business and more intensive industrial uses. The district allows a wide variety of intensive industrial and warehouse uses
Zone name
Heavy Manufacturing District
General category
INDUSTRIAL
Zone area
955.28 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
8.66 ac
Current owner
From public records · entity-resolved
Trp Intervale LLC
Entity
Mailing address
424 MADISON AVE FL #2, NEW YORK, NY 10017-1132
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2025
$11,550,000
Trp Intervale LLC
Exeter 1100 Intervale LLC
Special Warranty Deed
$8,470,000 · Burke And Herbert Bank And Trust Co
Nov 19, 2024
$13,750,000
Exeter 1100 Intervale LLC
1100 Intervale Dr LLC
Special Warranty Deed
—
Apr 6, 2021
$932,400
1100 Intervale Dr LLC
Virginia Becknell Investors LLC
Special Warranty Deed
$238,000,000 · Carclays Capital Real Estate INC
Mar 2, 2005
—
Virginia Becknell Investors Ll
Becknell Dev Holdings LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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