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824 Iowa St 1,000 SF Office Building Salem, VA 24153 $195,000 ($195/SF)
Investment Highlights
- Prime, central Salem location around the corner from the Valleydale complex
- Perfect size for an owner/user
- Good application for office and service business use
- On-site parking
Executive Summary
This well-positioned, block building with a brick facade in Salem is ready for its next venture. Previously used as a dental lab with an open work area, two small restrooms, and an office with a small breakroom, this property has great potential for office and service uses. Interior finishes include VCT flooring, an acoustic tile ceiling, fluorescent lighting, several sinks and built in cabinets. There is on-site surface parking for +/- 6 vehicles. An outside storage shed and an air compressor will convey.
Central Salem location, minutes from I-81 access, the Salem Civic Center, Electric Rd, Apperson Dr, and E Main St. The value of 824 Iowa Street's location is enhanced by its proximity to The Valleydale Redevelopment Project just around the corner. Valleydale, a new upscale residential complex, has opened its first phase and is poised to provide a total of +/- 300 lofts.
Central Salem location, minutes from I-81 access, the Salem Civic Center, Electric Rd, Apperson Dr, and E Main St. The value of 824 Iowa Street's location is enhanced by its proximity to The Valleydale Redevelopment Project just around the corner. Valleydale, a new upscale residential complex, has opened its first phase and is poised to provide a total of +/- 300 lofts.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,000 SF
Building Class
C
Year Built
1969
Price
$195,000
Price Per SF
$195
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,000 SF
Building FAR
0.09
Lot Size
0.24 AC
Zoning
RB - Residential Business District
Parking
4 Spaces (4 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 158-7-1 | Total Assessment | $131,500 (2025) |
| Land Assessment | $38,300 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $93,200 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
158-7-1
Land Assessment
$38,300 (2025)
Improvements Assessment
$93,200 (2025)
Total Assessment
$131,500 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
Contacts
-
Krista Vannoy -
Michael Waldvogel -
Alicia Robinson -
Waldvogel Commercial Properties, Inc.
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824 Iowa St
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