Financial
Distress signals
Property profile

515 Electric Rd Salem, VA 24153

OFF-MARKET
Commercial real estate
Property ID
US87-1344787
14,065 SF 2.54 ac lot Built 1960
Last sale Jul 2019 · $535,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$857k
Assessed land$423k
Assessed improvement$434k
Effective rate1.20%

Value estimate

· Sep 2026
$460k
$414k – $506k
Submarket $/SF estimate$1.12M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$125/SF
ZIP average, outlier-cleaned · 119 recorded sales of this use type
Observed band · Q1–Q3$75 – $189
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
HBDHM
JurisdictionSALEM CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant17.6
Dental Office16.0
Building Supply15.9

Location

515 Electric Rd Salem, VA 24153-5571
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1611 Main, Salem, VA 24153-4526 $1,350,000 May 2025 9,664 SF
304 Spg, Salem, VA 24153 $800,000 May 2025 8,240 SF
106 Butt Holw, Salem, VA 24153-2042 $90,000 Aug 2024 6,000 SF
1006 10th, Salem, VA 24153-6302 $600,000 Apr 2024 9,915 SF
1875 Dillard, Salem, VA 24153-7200 $918,000 Apr 2024 19,840 SF
1104 Delaware, Salem, VA 24153-6340 $485,000 Mar 2024 9,661 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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