Property profile

1080 Boone SE Rd Salem, OR 97306

OFF-MARKET
Retail properties & Spaces
Property ID
US71-0610835
2,600 SF 0.63 ac lot Built 2012
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 2012
Total area 2,600 SF
Lot 0.63 ac (27,443 SF)
Zoning code IC
APN 083W15AA00700
UPID US71-0610835

Cap rate & NOI

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

Location

1080 Boone SE Rd Salem, OR 97306-1526
Salem metro Census 2303 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$620k
Blend (final) Blend
$620k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
2002
$105,000

Zoning & alternative use

IC · Salem, OR
Zoning description

Industrial and Employment Zone: EC, IC, IBC, and IP Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle u…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $930,000 +123.0%
Medical building $880,000 +111.1%
Office building $720,000 +73.4%

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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