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Property profile

1405 Ml Race Dr Salem, VA 24153

OFF-MARKET
Other industrial properties
Property ID
US87-0457867
5,280 SF 0.51 ac lot Built 2000
Last sale Jul 2026 · $620,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This office and lab/manufacturing building is located in the Commonwealth Business Park off Mill Lane in Salem and contains a total of 5,280 square feet. The office portion includes four private offices, a conference room, and a modular cube area. The lab/production portion includes four offices and a large “analytical” room that could function as an additional conference room, with existing water lines and drains. The building is equipped for deliveries and shipping with a dock-height door and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$510k
Assessed land$76k
Assessed improvement$435k
Effective rate1.20%

Value estimate

· Nov 2026
$280k
$252k – $308k
AI approach$280k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$171/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$57 – $346

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BCD
The BCD Business Commerce District is created as a flexible district to encourage the orderly development of commercial and light industr...
General categoryINDUSTRIAL
JurisdictionSALEM CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency29.8
Law Firm22.4
Dental Office17.1

Location

1405 Ml Race Dr Salem, VA 24153-3125
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3351 Shawnee, Salem, VA 24153-2065 $1,225,000 Feb 2026 6,200 SF
1490 Southside, Salem, VA 24153-4602 $400,000 Dec 2022 5,600 SF
2132 Salem Industrial, Salem, VA 24153-3144 $275,000 Sep 2022 3,818 SF
649 Broad, Salem, VA 24153-5023 $1,700,000 Oct 2021 4,750 SF
629 Broad, Salem, VA 24153-5023 $1,700,000 Oct 2021 4,750 SF
639 Broad, Salem, VA 24153-5023 $1,700,000 Oct 2021 4,750 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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