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Property profile & analytics
OFF-MARKET
Warehouses
2161 Salem Industrial Dr Salem, VA 24153-3145
Entity Owned
5-yr Hold
Free & Clear
Property ID
US87-0560042
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
85,560 SF
Lot
3.23 ac (140,481 SF)
Zoning code
HM
APN
176-2-2
UPID
US87-0560042
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
Current use
Occupant on record · Public records
-
B.C. Stone, Salem Kitchen & Bath Showroom Hardware & Home Improvement
-
Five Star Fab & Fixture General Contractor Renovation Specialist
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
Salem Realty Managemenet LLC · 5 yrs held
Salem Realty Managemenet LLC
since 2021
Last sale
$60,800
6 recorded transactions
Zoning & alternative use
HM · Salem, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 and warehouse uses
Zone name
Heavy Manufacturing District
General category
INDUSTRIAL
Zone area
955.28 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
$22,724
Tax year 2023
Assessed value
$1,893,700
Assessed 2023
Previous assessed
$1,715,100
+10.4% YoY
Effective rate
1.20%
On assessed value
Assessed land
$292,300
Assessed improvement
$1,601,400
Land market value
$292,300
Improvement market value
$1,601,400
Total market value
$1,893,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
CENTRAL
Stories
1
Bathrooms
4
Total area
85,560 SF
Lot
3.23 ac (140,481 SF)
Zoning code
HM
APN
176-2-2
UPID
US87-0560042
Jurisdiction
SALEM CITY
Zoning & alternative use
HM · Salem, VAZoning HM · permitted uses
HM · Salem, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 and warehouse uses
Zone name
Heavy Manufacturing District
General category
INDUSTRIAL
Zone area
955.28 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Heating
CENTRAL
Stories
1
Bathrooms
4
Lot
3.23 ac
Current owner
From public records · entity-resolved
Salem Realty Managemenet LLC
Entity
Free & Clear · 5 yrs held
Mailing address
376 INDUSTRIAL BLVD, EVERETT, PA 15537-3328
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
—
Salem Realty Management LLC
—
Deed
related
$1,341,000 · 504 Capital Corporation
Jul 20, 2021
$60,800
Salem Realty Managemenet LLC
Rololi LLC
Deed
—
Jul 6, 2021
$2,219,000
Salem Realty Management LLC
Rololi LLC
Deed
$1,629,000 · Enterprise Bank
Mar 9, 2018
—
Rololo LLC
—
Deed
related
$860,000 · Bank Of Fincastle
Mar 24, 2006
$1,456,000
Rololi LLC
Sibila Family
Grant Deed
—
—
—
Rololo LLC
—
Deed Of Trust
related
$860,000 · Bank Of Fincastle
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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