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Financial
Distress signals
Property profile

1617 Main St Salem, VA 24153

OFF-MARKET
Commercial real estate
Property ID
US87-1247069
5,836 SF 0.25 ac lot Built 1950
Individually Owned Owner of record is an individual. 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

This freestanding retail property, located at 1617 W Main St in Salem, Virginia (zip code 24153), presents a unique investment opportunity. The building, constructed in 1950, offers a total of 4,604 square feet across two stories and is zoned HBD. Currently, 3,452 square feet are available for lease, providing ample space for a variety of retail uses. The existing space offers a blend of retail area and storage, enhanced by the inclusion of a garage door, adding to its versatility. The…

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.

Debts

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?
$4k
Tax billed · 2023
Assessed value$334k
Assessed land$181k
Assessed improvement$153k
Effective rate1.20%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$125/SF
ZIP average, outlier-cleaned · 119 recorded sales of this use type
Observed band · Q1–Q3$75 – $189
Qualifying comparables6

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?
HBD
The HBD Highway Business District has been created to provide and allow a wide variety of commercial and service uses that are typically ...
General categoryCOMMERCIAL
JurisdictionSALEM CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency25.6
Law Firm19.5
Dental Office14.3

Location

1617 Main St Salem, VA 24153-3115
County assessor Recorded deeds · not on file 6 qualifying comp sales 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
405 4th, Salem, VA 24153-3632 $570,000 Nov 2024 4,760 SF
260 Wildwood, Salem, VA 24153-2322 $810,000 Oct 2024 4,600 SF
709 Broad, Salem, VA 24153-5126 $80,000 Aug 2024 4,180 SF
106 Butt Holw, Salem, VA 24153-2042 $90,000 Aug 2024 6,000 SF
2031 Salem Industrial, Salem, VA 24153-3143 $370,000 May 2024 5,175 SF
1201 Electric, Salem, VA 24153-6433 $1,700,000 Jan 2024 5,568 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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