For Sale
Salem, VA
Commercial Real Estate Market Trends & Data
$132
Avg asking sale price
$14
Avg asking lease rate
26,056 SF
Avg unit lease size
80,518 SF
Avg building size for sale
7.65%
Average cap rate
Salem's Demographic Profile
Salem has 10,404 households and a median income of $70,975, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 25,696 |
| # Households | 10,404 |
| Median age | 42 |
| Median household income | $70,975 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 3,711 |
| 5-year population change | +2% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Salem, VA
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Salem | $192 | 4,771 SF | 7.65% |
| Cave Spring | $256 | 3,403 SF | 7.65% |
| Roanoke | $220 | 12,736 SF | 7.93% |
| Christiansburg | $557 | 7,500 SF | 4.00% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Roanoke | $91 | 72,738 SF | 8.88% |
| Hollins | $92 | 37,078 SF | 8.88% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Salem | $158 | 7,893 SF |
| Cave Spring | $198 | 5,291 SF |
| Roanoke | $197 | 10,257 SF |
| Hollins | $123 | 11,495 SF |
| Cloverdale | $463 | 1,836 SF |
Commercial Properties For Sale in Salem
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Salem pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Salem | $132 | 80,518 SF |
| Cave Spring | $182 | 9,145 SF |
| Catawba | $352 | 8,889 SF |
| Roanoke | $190 | 25,814 SF |
| Hollins | $168 | 21,549 SF |
Regional Demographic Comparison
This comparison places Salem alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Salem or distributed across surrounding areas.
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Salem, VA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Salem
View All Commercial Real Estate For Sale in Salem
Is Salem a good market for a first-time commercial real estate investor?
Salem offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Salem?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Salem. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Salem?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Salem. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Salem compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Salem. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Salem acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Salem, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
Nearby Market Trends
- Roanoke Market Trends
- Cave Spring Market Trends
- Martinsville Market Trends
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