Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    150 Hammit Ln Salem, VA 24153-3127
    Back to Search
    Property profile & analytics

    150 Hammit Ln, Salem, VA 24153-3127

    View on Map
    • Warehouses
    • 4,800 SF
    • 0.68 lot acres
    Off-Market
    Property ID
    US87-0432035
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Premier Stone Fabrication, Inc. / Building Supply

    Property Details for 150 Hammit Ln

    Year built
    1950
    Lot size
    0.68 lot acres
    Zone code
    HBD
    Property type
    Warehouses
    APN
    168-3-1
    APU
    16831

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 8, 2016 — Premier Stone Fabrication INC — Deed · related $240k · Bank Of Nc
    Jan 3, 2006 $240,000 Premier Stone Fabrication INC Preas,jimmy C SR Grant Deed —
    — — Premier Stone Fabrication INC — Deed Of Trust · related $240k · Bank Of Nc

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0949
    Latitude
    37.2863
    CBSA code
    40220
    CBSA name
    ROANOKE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,709
    $102,700
    $206,400
    $309,100
    -
    $102,700
    $206,400
    $309,100

    Comparable in this City

    • Value Estimation
      $595,000
      12,000 SF

      1175 Intervale Dr

      WAREHOUSE, STORAGE
      1175 Intervale Dr, Salem, VA 24153-6417
      View Details
    • Value Estimation by Request
      7,000 SF

      1225 Intervale Dr

      WAREHOUSE, STORAGE
      1225 Intervale Dr, Salem, VA 24153-6419
      View Details
    • Value Estimation
      $1,250,000
      25,180 SF

      2033 Cook Dr

      WAREHOUSE, STORAGE
      2033 Cook Dr, Salem, VA 24153-7236
      View Details
    • Value Estimation by Request
      12,208 SF

      1121 Delaware St

      WAREHOUSE, STORAGE
      1121 Delaware St, Salem, VA 24153
      View Details
    • Value Estimation by Request
      2,304 SF

      3741 Garman Rd

      WAREHOUSE, STORAGE
      3741 Garman Rd, Salem, VA 24153
      View Details
    • Value Estimation
      $1,085,000
      50,400 SF

      1799 Indiana St

      WAREHOUSE, STORAGE
      1799 Indiana St, Salem, VA 24153-7025
      View Details

    Similar Nearby for Sale

    • $1,295,000

      Industrial Property with Two Buildings

      Two industrial buildings totaling 9,200 SF on 1.4 acres.
      3718 Garman Rd, Salem, VA 24153
      View Details
    • Contact for pricing
      5,280 SF

      Salem Office | Manufacturing | Lab

      Well-appointed office and lab/manufacturing space in Salem.
      1405 Mill Race Dr, Salem, VA 24153
      View Details
    • $1,150,000

      Roanoke County Industrial Development Site

      30.5 acres zoned I-2, suitable for large industrial development.
      5832 West River Rd, Salem, VA 24153
      View Details
    • Contact for pricing

      Commercial Land Ready For Rezoning

      Three lots totaling 1.62 acres, prime for commercial rezoning.
      1260 Highland Rd, Salem, VA 24153
      View Details
    • Contact for pricing

      Commercial Land with High Visibility

      0.927 acre commercial land with easy highway access.
      142 Horner Ln, Salem, VA 24153
      View Details
    • Contact for pricing

      2.19 Acres of Land

      2.19 acres of land available for sale.
      113 Corporate Blvd, Salem, VA 24153
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Available Warehouse Space for Lease

      414,000 SF warehouse space with varied ceiling heights.
      1501 Roanoke Blvd, Salem, VA 24153
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      324,000 SF industrial space available for lease.
      1501 Roanoke Blvd, Salem, VA 24153
      View Details
    • Contact for pricing
      7,500 SF

      Corner Unit Warehouse Space Available

      7,500 SF warehouse with office space for lease.
      340 Apperson Dr, Salem, VA 24153
      View Details
    • Contact for pricing
      9,900 SF

      Salem, VA Build-to-Suit Opportunity

      Located in St. John Place Commerce Center, Salem, VA.
      68 St John Rd, Salem, VA 24153
      View Details
    • Contact for pricing

      Salem Office Space For Rent

      6,600 SF office space with access to Roanoke Valley.
      1701 Midland Rd, Salem, VA 24153
      View Details
    • Contact for pricing
      45,120 SF

      Salem Retail Center: Prime Location

      High-traffic retail space, multiple units available.
      1300 Main St, Salem, VA 24153
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    150 Hammit Ln
    Salem, VA 24153-3127
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    150 Hammit Ln, Salem, VA, 24153
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!