Property profile

27 Clay St Salem, VA 24153

OFF-MARKET
Commercial real estate
Property ID
US87-0757520
1,141 SF 0.12 ac lot Built 1924
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 1924
Total area 1,141 SF
Lot 0.12 ac (5,184 SF)
Zoning code RMF
APN 106-5-6
UPID US87-0757520

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
  • Insurance Agency
  • Insurance Agency

Location

27 Clay St Salem, VA 24153-3758
Salem metro Census 10200 ROANOKE, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2023
Last sale
$125,000
1 recorded transaction
2023
$125,000

Zoning & alternative use

RMF · Salem, VA
Zoning description

The RMF Residential Multi-Family District has been created in recognition that some areas within the city are suitable for higher density residential uses

General category RESIDENTIAL

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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