Property profile

2039 Main St Salem, VA 24153

OFF-MARKET
Commercial real estate
Property ID
US87-1286777
5,516 SF 0.89 ac lot Built 1996
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1996
Total area 5,516 SF
Lot 0.89 ac (38,594 SF)
Zoning code HBD
APN 138-1-3.1
UPID US87-1286777

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Atm
  • Restaurant Take-out & Catering

Location

2039 Main St Salem, VA 24153-3131
Salem metro Census 10200 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$930k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2016
Price N/A
1969
Price N/A

Zoning & alternative use

HBD · Salem, VA
Zoning description

The HBD Highway Business District has been created to provide and allow a wide variety of commercial and service uses that are typically found along or near major transportation arterials

General category COMMERCIAL
Top alternative use upside
Industrial (general) $945,000 +36.5%

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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