Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1684 Doaks Ferry Rd Salem, OR 97304

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Salem location, stunning views, high development potential.

    Property Features for 1684 Doaks Ferry Rd

    General Information

    Property type
    Land
    Lot Size
    514,879 SF

    We can help!

    Listing Contact
    Alex Rhoten
    Alex Rhoten

    Listing Agent: Alex Rhoten

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 11.82-acre property in Salem, Oregon, presents a compelling investment opportunity. Located at 1684 Doaks Ferry Rd NW, this land boasts high visibility on Doaks Ferry Road and is conveniently situated near major retailers including Roth's Fresh Markets, Walgreens, Starbucks, and Safeway, as well as the West Salem Clinic. The property is zoned RA and offers breathtaking mountain and city views, situated across from West Salem High School. Access to Salem and West Salem is effortless via Orchard Heights Road or Highway 22 via Doaks Ferry Road. The property comprises three parcels (APN #s: 569347, 314916, and 270650) and includes a currently proposed site plan encompassing approximately 4.65 acres with 29 approved lots, an additional approximately 4.09 acres requiring site plan approval, and approximately 0.95 acres designated for retention ponds. The recent passage of House Bill 2001 (Housing Choices) opens possibilities for duplexes and triplexes on the approved lots, subject to individual lot square footage. The remaining 4.09 acres could be subdivided into additional parcels or retained as a single parcel, potentially rezoned to a higher-density RM code. The seller's total acreage may differ from the county assessor's records. Buyers are responsible for conducting their own due diligence regarding zoning, site plans, and potential development options. This property is offered at $4,950,000. The information provided is subject to change.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Polk
    State
    Oregon
    Longitude
    -123.0795966
    Latitude
    44.9586704

    Nearby Similar for Sale

    • New
      $650,000
      4,192 SF

      Spacious Duplex on Large Lot

      Two well-maintained homes on 0.58 acres, ideal for multi-generational living.
      4455 Blueberry -4445 Ln NE, Salem, OR 97305
      View Details
    • New
      $650,000
      25,265 SF

      Spacious Multi-Family Property in Salem

      Two homes on 0.58 acres, ideal for multi-generational living.
      4445 Blueberry Ln NE, Salem, OR 97305
      View Details
    • New
      $624,900
      0.41 Acres

      Dividable Lot in Salem, Oregon

      Dividable lot allows 4 units, buyer to verify with city.
      894 Meadowlawn Dr SE, Salem, OR 97317
      View Details
    • New
      $450,000
      2,118 SF

      Salem Duplex on Corner Lot

      Duplex with assumable loan option in Four Corners neighborhood.
      836 Eldin Ave, Salem, OR 97317
      View Details
    • $719,900
      2,754 SF

      Salem Office Building with Apartment

      Two-story office building with studio apartment in South Salem.
      1705 Commercial St SE, Salem, OR 97302
      View Details
    • $850,000
      3,907 SF

      Salem Multi-Unit Investment Opportunity

      Well-maintained six-unit property near downtown Salem with strong rental potential.
      2245-2285 Breyman St NE, Salem, OR 97301
      View Details
    • New
      $1,500,000
      6,900 SF

      Well-Maintained Multifamily Investment Opportunity

      Three duplexes in Salem, OR, fully occupied and professionally managed.
      4212 47Th Ave NE, Salem, OR 97305
      View Details
    • $1,500,000
      7,246 SF

      Versatile Salem Property with Development Potential

      3.09 acres with shop, storage, and development opportunities.
      3650 Mainline Dr NE, Salem, OR 97301
      View Details
    • $1,500,000
      3.09 Acres

      Salem Commercial Land For Sale

      3.09 acres of commercial land ready for development.
      3650 Mainline Dr NE, Salem, OR 97301
      View Details
    • New
      $1,500,000
      3.09 Acres

      Versatile Commercial Property in Salem

      3.09 acres with shop, office, and truck wash.
      3650 Mainline Dr NE, Salem, OR 97301
      View Details
    • $469,000
      2,362 SF

      Updated Duplex Ideal for Dual Living

      Spacious, updated duplex with permitted addition and recent upgrades.
      4086 Judy Ave NE, Salem, OR 97305
      View Details
    • $649,900
      0.18 Acres

      Remodeled Duplex on Double Lot

      Remodeled duplex with newer features on a double lot.
      1117 6Th St, Salem, OR 97304
      View Details

    FAQs

    What type of property is this?
    Land - Prime Salem location, stunning views, high development potential.
    Where is this land located?
    The property is located at 1684 Doaks Ferry Rd Salem, OR.
    What is the asking price?
    The asking price for this property is $4,950,000.
    (503) 587-4777 Call to check price and availability
    Request Owner's contact information
    1684 Doaks Ferry Rd Salem, OR 97304
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1684 Doaks Ferry Rd
    Salem, OR 97304
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1684 Doaks Ferry Rd Salem, OR 97304
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Rhoten
    Alex Rhoten
    Real Estate License ID: 841000042
    (503) 587-4777 (503) 588-3508
    Learn more
    Google sign-in failed. Please try again or use another login method.