Financial
Distress signals
Property profile

1501 Roanoke Blvd Salem, VA 24153

FOR LEASE
Other industrial properties
Property ID
US87-0522542
720,088 SF 40.32 ac lot Built 1956
Last sale Jan 2022 · $11,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an industrial facility with a total building area of approximately 324,000 square feet, configured as a space intended for leasing.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$126k
Tax billed · 2023
Assessed value$10.50M
Assessed land$2.20M
Assessed improvement$8.31M
Effective rate1.20%

Value estimate

· Sep 2026
$19.07M
$17.16M – $20.98M
Submarket $/SF estimate$15.09M

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?
HM
The HM Heavy Manufacturing District is created to establish and preserve areas within the city that are suitable for business and more in...
General categoryINDUSTRIAL
JurisdictionSALEM CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant19.0
Law Firm18.3
HVAC Service13.3

Location

1501 Roanoke Blvd Salem, VA 24153
County assessor Recorded deeds · 2 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
626 Chapman, Salem, VA 24153-5016 $1,130,000 Feb 2026 19,000 SF
1100 Intervale, Salem, VA 24153-6416 $11,550,000 Jul 2025 170,000 SF
3941 Main, Salem, VA 24153-8503 $2,100,000 Sep 2024 18,414 SF
504 Roanoke, Salem, VA 24153-3552 $1,000,000 Oct 2023 15,000 SF
1950 Salem Industrial, Salem, VA 24153 $10,361,467 Mar 2022 295,156 SF
27 Ml, Salem, VA 24153-3103 $9,663,200 Oct 2021 36,676 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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