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    Property profile & analytics
    OFF-MARKET Estimated value $1,135,000
    Industrial properties

    659 Broad St, Salem, VA 24153-5023

    4,750 SF 0.18 ac lot Built 1989
    Entity Owned ~ Est. High Equity
    Property ID
    US87-0504770
    Property summary
    AI-generated overview

    This 7,125 square foot flex/warehouse space in Salem, VA, offers a fantastic opportunity for businesses seeking a versatile location. Situated at 659 S. Broad St, this property boasts convenient access to major trucking routes, making logistics a breeze. The building, constructed in 1989, features a total of 19,000 square feet across three suites, with this particular unit offering ample space for various uses. The high ceilings, reaching 18 feet, provide exceptional vertical clearance. Loading and unloading are simplified with one loading dock, one dock-high door, and one drive-in door, measuring 14' x 10'. The space includes approximately 460 square feet of climate-controlled office space, complete with a bathroom, adding a professional touch to the warehouse environment. Heating is provided by a gas unit heater, ensuring a comfortable workspace year-round. The property is zoned LM, making it suitable for a wide range of industrial and commercial activities. This is a multi-tenant building, offering a vibrant and collaborative environment. Don't miss this chance to secure a prime industrial space in a thriving location. The property's strategic location and versatile design make it an ideal choice for businesses seeking efficient and functional space.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1989
    Total area 4,750 SF
    Lot 0.18 ac (7,928 SF)
    Zoning code LM
    APN 160-10-7.6
    UPID US87-0504770
    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
    Current use
    Occupant on record · Public records
    • Installation Servcies & Delivery Electrical Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.14M
    Owner & transaction history
    Wgaf Associates INC
    Wgaf Associates INC
    since 2025
    Last sale
    $1.2M
    4 recorded transactions
    2025
    $1.2M
    2021
    $1.7M
    2007
    2004
    $200,000
    Zoning & alternative use
    LM · Salem, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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