Property profile

2031 Salem Industrial Dr Salem, VA 24153

OFF-MARKET
Commercial real estate
Property ID
US87-0443289
5,175 SF 1.5 ac lot Built 1976
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1976
Total area 5,175 SF
Lot 1.5 ac (65,340 SF)
Zoning code HM
APN 177-1-1.2
UPID US87-0443289

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2031 Salem Industrial Dr Salem, VA 24153-3143
Salem metro Census 10300 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2024
Last sale
$370,000
2 recorded transactions
2024
$370,000
2016
$385,000

Zoning & alternative use

HM · Salem, VA
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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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