Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    310 Kessler Ml Rd Salem, VA 24153-4449
    Back to Search
    Property profile & analytics

    310 Kessler Ml Rd Salem, VA 24153-4449

    View on Map
    • Industrial properties
    • 8.98 lot acres
    Off-Market
    Property ID
    US87-0426888
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Landscape Store, Salem / Garden Center

    Property Details for 310 Kessler Ml Rd

    Year built
    1953
    Lot size
    8.98 lot acres
    Zone code
    LM
    Property type
    Industrial properties
    APN
    76-3-2
    APU
    7632

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0308
    Latitude
    37.3009
    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
    2023
    $17,567
    $318,100
    $1,145,800
    $1,463,900
    -
    $318,100
    $1,145,800
    $1,463,900

    Comparable in this City

    • Value Estimation by Request
      38,800 SF

      638 Chapman St

      Distribution properties • 38,800 SF
      638 Chapman St, Salem, VA 24153
      View Details
    • Value Estimation
      $7,260,000
      268,851 SF

      219 Rowan St

      INDUSTRIAL (GENERAL) • 268,851 SF
      219 Rowan St, Salem, VA 24153-6932
      View Details
    • Value Estimation
      $730,000
      10,350 SF

      88 Saint Johns Pl Rd

      INDUSTRIAL (GENERAL) • 10,350 SF
      88 Saint Johns Pl Rd, Salem, VA 24153-5568
      View Details
    • Value Estimation
      $22,715,000
      864,046 SF

      1500 Indiana St

      INDUSTRIAL (GENERAL) • 864,046 SF
      1500 Indiana St, Salem, VA 24153-7058
      View Details
    • Value Estimation
      $620,000
      19,784 SF

      1121 10th St

      INDUSTRIAL (GENERAL) • 19,784 SF
      1121 10th St, Salem, VA 24153-6307
      View Details
    • Value Estimation
      $2,370,000
      106,954 SF

      1885 Apperson Dr

      INDUSTRIAL (GENERAL) • 106,954 SF
      1885 Apperson Dr, Salem, VA 24153-7212
      View Details

    Similar Nearby for Sale

    • $1,295,000

      Industrial Property with Two Buildings

      Two industrial buildings totaling 9,200 SF on 1.4 acres.
      3718 Garman Rd, Salem, VA 24153
      View Details
    • $670,000
      5,280 SF

      Salem Office | Manufacturing | Lab

      Well-appointed office and lab/manufacturing space in Salem.
      1405 Mill Race Dr, Salem, VA 24153
      View Details
    • Contact for pricing

      Commercial Land with High Visibility

      0.927 acre commercial land with easy highway access.
      142 Horner Ln, Salem, VA 24153
      View Details
    • Contact for pricing

      Developable Land For Sale

      0.56 AC developable land, ideal for retail, restaurant, or office.
      2005 E Main St, Salem, VA 24153
      View Details
    • Contact for pricing

      Retail Redevelopment Opportunity in Salem

      Prime retail redevelopment property in Salem, VA, with high visibility.
      1622 E Main St, Salem, VA 24153
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Available Warehouse Space for Lease

      414,000 SF warehouse space with varied ceiling heights.
      1501 Roanoke Blvd, Salem, VA 24153
      View Details
    • Contact for pricing

      Salem Office Space For Rent

      6,600 SF office space with access to Roanoke Valley.
      1701 Midland Rd, Salem, VA 24153
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      324,000 SF industrial space available for lease.
      1501 Roanoke Blvd, Salem, VA 24153
      View Details
    • Contact for pricing
      7,500 SF

      Corner Unit Warehouse Space Available

      7,500 SF warehouse with office space for lease.
      340 Apperson Dr, Salem, VA 24153
      View Details
    • $12 SF/Yr
      2,000 SF

      Flex Industrial Condo For Lease

      Flex space/industrial condo for lease with easy access.
      94-116 Saint Johns Place Rd, Salem, VA 24153
      View Details
    • Contact for pricing
      45,120 SF

      Salem Retail Center: Prime Location

      High-traffic retail space, multiple units available.
      1300 Main St, Salem, VA 24153
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    310 Kessler Ml Rd
    Salem, VA 24153-4449
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    310 Kessler Ml Rd, Salem, VA, 24153
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!