Property profile

909 Russell Dr Salem, VA 24153

OFF-MARKET
Commercial land
Property ID
US87-0471186
0.94 ac lot
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.94 ac (40,946 SF)
Zoning code BCD
APN 13-1-12
UPID US87-0471186

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

909 Russell Dr Salem, VA 24153-3068
Salem metro Census 10100 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2010
4 recorded transactions
2021
Price N/A
2010
$1.9M
2009
$1.6M
2006
$1.7M

Zoning & alternative use

BCD · Salem, VA
Zoning description

The BCD Business Commerce District is created as a flexible district to encourage the orderly development of commercial and light industrial uses. The district is designed to require high standards of building and site d…

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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