Property profile

132 Electric Rd Salem, VA 24153

OFF-MARKET
Commercial real estate
Property ID
US87-0727355
1,920 SF 0.22 ac lot Built 1952
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1952
Total area 1,920 SF
Lot 0.22 ac (9,583 SF)
Zoning code HBD
APN 80-2-1
UPID US87-0727355

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Location

132 Electric Rd Salem, VA 24153-4433
Salem metro Census 10100 ROANOKE, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

Zoning & alternative use

HBD · Salem, VA
Zoning description

The HBD Highway Business District has been created to provide and allow a wide variety of commercial and service uses that are typically found along or near major transportation arterials

General category COMMERCIAL

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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