Property profile

709 Broad St Salem, VA 24153

OFF-MARKET
Commercial real estate
Property ID
US87-1136091
4,180 SF 1.07 ac lot Built 1950
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 4,180 SF
Lot 1.07 ac (46,479 SF)
Zoning code HM
APN 184-1-3
UPID US87-1136091

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
  • Construction Company General Contractor

Location

709 Broad St Salem, VA 24153-5126
Salem metro Census 10300 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$80k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2024
Last sale
$80,000
1 recorded transaction
2024
$225,000

Zoning & alternative use

HM · Salem, VA
Zoning description

The HM Heavy Manufacturing District is created to establish and preserve areas within the city that are suitable for business and more intensive industrial uses. The district allows a wide variety of intensive industrial…

General category INDUSTRIAL

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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