Property profile

1501 Ml Race Dr Salem, VA 24153

OFF-MARKET
Industrial properties
Property ID
US87-0485250
5,040 SF 0.46 ac lot Built 2001
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2001
Total area 5,040 SF
Lot 0.46 ac (19,820 SF)
Zoning code BCD
APN 165-1-1.5
UPID US87-0485250

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Trucking Company

Location

1501 Ml Race Dr Salem, VA 24153-3137
Salem metro Census 10300 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2016
4 recorded transactions
2021
Price N/A
2016
$385,000
2008
Price N/A
2005
Price N/A

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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