You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Industrial properties

1501 Roanoke Blvd Salem, VA 24153

720,088 SF 40.32 ac lot Built 1956
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US87-0522542
Property summary
AI-generated overview

This exceptional Class A industrial warehouse, located at 1501 Roanoke Blvd in Salem, Virginia (zip code 24153), offers 414,000 square feet of versatile space available for lease. The property sits on a substantial 40.32 acres and features a single, two-story building constructed in 1955. The warehouse boasts impressive ceiling heights ranging from a minimum of 7 feet to a maximum of 50 feet, with a column spacing of 50 feet by 30 feet. Loading capabilities include 3 west docks, 4 shipping docks, and 2 receiving docks. Ample parking is provided with 863 rear spaces and 402 front spaces, totaling 1265 parking spaces. The property includes 2 x 7.5MVA power and is zoned HM. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 414,000 square feet. The property benefits from 22 overhead cranes and 24/7 security. The APN is 189-2-1. This is a multi-tenant property offering a unique opportunity for businesses seeking significant warehouse space in a prime location. The property's size, features, and location make it an ideal choice for a variety of industrial uses.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1956
Total area 720,088 SF
Lot 40.32 ac (1,756,339 SF)
Zoning code HM
APN 189-2-1
UPID US87-0522542
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ABB, Inc. Electrical Service General Contractor
  • GE Drives and Controls Industrial Manufacturer Production Facility
  • STS Group North America Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.09M
Blend (final) Blend
$19.07M
Owner & transaction history
Sts Group North America INC · 2 yrs held
Sts Group North America INC
since 2023
2 recorded transactions
2023
Price N/A
2022
$11.4M
Zoning & alternative use
HM · Salem, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The HM Heavy Manufacturing District is created to establish and preserve areas within the city that are suitable for business and more intensive industrial uses. The district allows a wide variety of intensive industrial and warehouse uses

Zone name Heavy Manufacturing District
General category INDUSTRIAL
Zone area 955.28 ac
Source Realmo
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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