1342 Roanoke Blvd, Salem, VA 24153
This exceptional multi-tenant flex building, situated near the intersection of Roanoke Boulevard and Electric Road (Route 419), offers unparalleled access to the Roanoke, New River, and Shenandoah Valleys. Located within three miles of I-81, this property provides convenient transportation links throughout the region. Currently, one of eight suites is available, encompassing a substantial 6,650 square feet. This space boasts a spacious warehouse area complemented by approximately 1000 square feet of well-appointed office space. The office area includes two private offices, a kitchen, restroom facilities, a conference room, and a reception area. The warehouse features impressive 21+ foot ceilings and dock-high loading, a significant advantage for efficient operations. Uniquely, this suite is the only one in the building with a climate-controlled warehouse environment. A sizable truck court conveniently serves the rear of the property, while ample employee parking is available in the front. The larger building itself comprises 66,636 square feet of industrial flex space, is fully sprinklered, and underwent a complete renovation in 2006. Additional building features include 3-phase electric service and limited drive-in access. This is a rare opportunity to secure a well-maintained, strategically located flex space with exceptional amenities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LM · Salem, VASalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.