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Property profile & analytics
FOR SALE
Office Spaces
4190 W Main St Salem, VA 24153
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0182076
For Sale
1 / 87
$569,900
4190 W Main St, Salem, VA 24153
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1930
Total area
1,560 SF
Lot
0.94 ac (40,946 SF)
Zoning code
I2
APN
054.04-02-02
UPID
US87-0182076
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
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
Griffith Enterprise LLC · 3 yrs held
Griffith Enterprise LLC
since 2022
Last sale
$380,000
7 recorded transactions
Zoning & alternative use
I2 · Salem, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,799
Tax year 2024
Assessed value
$269,100
Assessed 2024
Previous assessed
$267,900
+0.4% YoY
Effective rate
1.04%
On assessed value
Assessed land
$99,200
Assessed improvement
$169,900
Land market value
$99,200
Improvement market value
$169,900
Total market value
$269,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1930
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
1
Total area
1,560 SF
Lot
0.94 ac (40,946 SF)
Zoning code
I2
APN
054.04-02-02
UPID
US87-0182076
Jurisdiction
ROANOKE
Zoning & alternative use
I2 · Salem, VA
Zoning I2 · permitted uses
I2 · Salem, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Griffith Enterprise LLC
Entity
Mailing address
4631 VLY VW CHURCH RD, RINER, VA 24149-2452
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
$380,000
Griffith Enterprise LLC
Dlrt Investments LLC
Deed
$323,000 · First Community Bank
Mar 17, 2017
—
Dlrt Investments LLC
—
Deed
related
$30,000 · Bank Of Nc
Sep 3, 2008
$23,500
Commonwealth Of Virginia
Dlrt Investments LLC
Grant Deed
—
Dec 1, 2007
$150,000
Dlrt Investments LLC
Gordon,thomas C SR
Grant Deed
—
May 1, 2004
$145,000
Gordon,thomas C SR
Wildwood Development Corp
Grant Deed
—
Nov 1, 1997
$125,000
Wildwood Dev Corp
Cain,charles J & Ja
Grant Deed
—
—
—
Dlrt Investments LLC
—
Deed Of Trust
related
$160,000 · Branch Bk&tr
—
—
Dlrt Investments LLC
—
Deed Of Trust
related
$165,000 · Branch Bk&tr
—
—
Dlrt Investments LLC
—
Deed Of Trust
related
$30,000 · Bank Of Nc
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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