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    Property profile & analytics

    1671 Skyview Rd Salem, VA 24153-1571

    • Hotels
    • 34,476 SF
    • 8.83 lot acres
    OFF-MARKET
    Value Estimation
    $1,080,000
    Location Intelligence
    Property ID
    US87-0995413
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Howard Johnson by Wyndham Salem Hotel & Conference Center / Inn / Motel
    • ATM / Atm

    Property Details for 1671 Skyview Rd

    Year built
    1969
    Lot size
    8.83 lot acres
    Property size
    34,476 SF
    Zone code
    C2
    Property type
    Hotels
    Property subtype
    Motels
    APN
    044.04-01-05
    APU
    44040105

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,115,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,275,000
      6.5%
      $1,215,000
      7%
      $1,085,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,015,000
      Geo Method
      $1,045,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,320,000
      Retail
      $1,300,000
      Mixed-Use
      $1,270,000
      Hospitality
      $1,335,000
      Educational
      $1,110,000
      Residential Income
      $1,260,000
      Energy
      $1,445,000
      Income-Based Land
      $1,090,000
      Food Service
      $1,420,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.097
    Latitude
    37.2956
    CBSA code
    40220
    CBSA name
    ROANOKE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $24,842
    $461,400
    $1,927,300
    $2,388,700
    -
    $461,400
    $1,927,300
    $2,388,700

    Comparable in this City

    • Value Estimation
      $470,000
      1,472 SF

      4860 Main St

      HOTEL/MOTEL • 1,472 SF
      4860 Main St, Salem, VA 24153-8520
      View Details
    • Value Estimation by Request
      66,509 SF

      1886 Electric Rd

      HOTEL/MOTEL • 66,509 SF
      1886 Electric Rd, Salem, VA 24153-7461
      View Details
    • Value Estimation
      $6,570,000
      47,304 SF

      100 Wildwood Rd

      HOTEL/MOTEL • 47,304 SF
      100 Wildwood Rd, Salem, VA 24153-2324
      View Details
    • Value Estimation
      $5,815,000
      3.17 Acres

      2898 Keagy Rd

      HOTEL/MOTEL • 3.17 Acres
      2898 Keagy Rd, Salem, VA 24153-7458
      View Details
    • Value Estimation
      $7,005,000
      3.17 Acres

      121 Sheraton Dr

      HOTEL/MOTEL • 3.17 Acres
      121 Sheraton Dr, Salem, VA 24153-3003
      View Details
    • Value Estimation
      $5,990,000
      2.61 Acres

      501 Wildwood Rd

      HOTEL/MOTEL • 2.61 Acres
      501 Wildwood Rd, Salem, VA 24153-1580
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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    • $12 SF/Yr
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    • Contact for pricing
      1,628 SF

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      Retail space with high visibility and traffic in Salem, VA.
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    • Contact for pricing
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      Retail Space in Salem Corridor

      Retail space for lease in Salem's busiest retail corridor.
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    • Contact for pricing
      3,791 SF

      Retail Space in Salem Center

      Retail space available in grocer-anchored shopping center.
      1477-1486 W Main St, Salem, VA 24153
      View Details
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    1671 Skyview Rd
    Salem, VA 24153-1571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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