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    Property profile & analytics
    OFF-MARKET Estimated value $3,875,000
    Warehouses

    1342 Roanoke Blvd, Salem, VA 24153

    66,522 SF 4.27 ac lot Built 1972
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US87-0484283
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1972
    Total area 66,522 SF
    Lot 4.27 ac (185,914 SF)
    Zoning code LM
    APN 196-5-3
    UPID US87-0484283
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.85M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.76M
    Blend (final) Blend
    $3.88M
    Owner & transaction history
    Salem Flex LLC · 5 yrs held
    Salem Flex LLC
    since 2021
    Last sale
    $3.6M
    4 recorded transactions
    2021
    $3.6M
    2005
    $1.4M
    1969
    1969
    Zoning & alternative use
    LM · Salem, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $6.4M +107.0%
    Industrial (general) $3.8M +23.4%
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