Property profile

405 4th St Salem, VA 24153

OFF-MARKET
Commercial real estate
Property ID
US87-0868785
4,760 SF 0.36 ac lot Built 1970
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Total area 4,760 SF
Lot 0.36 ac (15,812 SF)
Zoning code HBD
APN 143-5-13
UPID US87-0868785

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
  • (Bike/Boat/Book/etc) Store Garden Center

Location

405 4th St Salem, VA 24153-3632
Salem metro Census 10300 ROANOKE, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$357k
Blend (final) Blend
$570k

Owner & transaction history

since 2024
Last sale
$570,000
3 recorded transactions
2024
$570,000
2021
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

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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