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Property profile & analytics
OFF-MARKET
Industrial properties
1537 Penley Blvd Salem, VA 24153-5905
Individually Owned
6-yr Hold
Property ID
US87-1676155
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2020
Total area
1,658 SF
Lot
0.27 ac (11,892 SF)
Zoning code
RSF
APN
205-2-3
UPID
US87-1676155
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elizabeth B Stclair · 6 yrs held
Elizabeth B Stclair
since 2020
Last sale
$299,950
4 recorded transactions
Zoning & alternative use
RSF · Salem, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RSF Residential Single Family District is created in recognition that most residential neighborhoods in Salem are comprised primarily of single family dwellings on relatively small lots
Zone name
Residential Single Family District
General category
RESIDENTIAL
Zone area
4,773.76 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,758
Tax year 2023
Assessed value
$313,200
Assessed 2023
Previous assessed
$307,900
+1.7% YoY
Effective rate
1.20%
On assessed value
Assessed land
$47,500
Assessed improvement
$265,700
Land market value
$47,500
Improvement market value
$265,700
Total market value
$313,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2020
Heating
CENTRAL
Cooling
CENTRAL
Rooms
7
Total area
1,658 SF
Lot
0.27 ac (11,892 SF)
Zoning code
RSF
APN
205-2-3
UPID
US87-1676155
Jurisdiction
SALEM CITY
Zoning & alternative use
RSF · Salem, VAZoning RSF · permitted uses
RSF · Salem, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RSF Residential Single Family District is created in recognition that most residential neighborhoods in Salem are comprised primarily of single family dwellings on relatively small lots
Zone name
Residential Single Family District
General category
RESIDENTIAL
Zone area
4,773.76 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2020
Heating
CENTRAL
Cooling
Yes
Rooms
7
Lot
0.27 ac
Current owner
From public records · entity-resolved
Elizabeth B Stclair
Individual
Mailing address
1537 PENLEY BLVD, SALEM, VA 24153-5905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2020
$299,950
Elizabeth B Stclair
Boone Thomas LLC
Grant Deed
$200,000 · Truist Bk
Jul 14, 2014
$220,000
Bggt LLC
Dorsey,joan J
Grant Deed
—
—
—
Bggt LLC
—
Deed Of Trust
$60,000 · Abre Holdings INC
—
—
Bggt LLC
—
Loan Modification
related
$5,000,000 · Valley Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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