Property profile

1400 Ml Race Dr Salem, VA 24153

OFF-MARKET
Industrial land
Property ID
US87-0395461
1.36 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.36 ac (59,416 SF)
Zoning code BCD
APN 165-1-1.1
UPID US87-0395461

Cap rate & NOI

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

Location

1400 Ml Race Dr Salem, VA 24153-3113
Salem metro Census 10300 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2024
3 recorded transactions
2024
$530,000
2015
$175,000
2006
$145,000

Zoning & alternative use

BCD · Salem, VA
Zoning description

The BCD Business Commerce District is created as a flexible district to encourage the orderly development of commercial and light industrial uses. The district is designed to require high standards of building and site d…

General category INDUSTRIAL

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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