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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Manufacturing properties
10910 Portland NE Rd Salem, OR 97305-9784
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US71-0725350
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
1997
Total area
12,000 SF
Lot
6.56 ac (285,754 SF)
Zoning code
EFU
APN
062W03C 00400
UPID
US71-0725350
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Valley Fab Corporation Metal Fabrication Plant Factory
-
Valley Workman Auto Parts Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.03M
Owner & transaction history
Yakis Brothers LLC · 13 yrs held
Yakis Brothers LLC
since 2013
7 recorded transactions
Zoning & alternative use
EFU · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ck (Table 525-5) Vehicle Use Areas All uses Zone-to-zone setback (Table 525-5) TABLE 525-5 ZONE-TO-ZONE SETBACKS Table 525-5: Zone-to-Zone Setbacks Abutting Zone Type of Improvement Setback (1) Landscaping and Screening EFU Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas Residential Zone Buildings and accessory structures Min. 10 ft. T…
Zone name
Exclusive Farm Use
General category
AGRICULTURAL
Zone area
155.79 ac
Source
code of ordinances
Top alternative use upside
Office building
$3.3M
+54.6%
Commercial (general)
$3.1M
+46.1%
Retail stores
$3.0M
+37.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,155,000
Current use
OFFICE BUILDING
$3,330,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,145,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$2,955,000
Change: +37% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,335,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$169 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,522
Tax year 2023
Assessed value
$948,590
Assessed 2023
Previous assessed
$920,970
+3.0% YoY
Effective rate
1.11%
On assessed value
Land market value
$295,520
Improvement market value
$1,527,070
Total market value
$1,822,590
Applied tax rate
1,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Total area
12,000 SF
Lot
6.56 ac (285,754 SF)
Zoning code
EFU
APN
062W03C 00400
UPID
US71-0725350
Jurisdiction
MARION
Zoning & alternative use
EFU · Salem, ORZoning EFU · permitted uses
EFU · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ck (Table 525-5) Vehicle Use Areas All uses Zone-to-zone setback (Table 525-5) TABLE 525-5 ZONE-TO-ZONE SETBACKS Table 525-5: Zone-to-Zone Setbacks Abutting Zone Type of Improvement Setback (1) Landscaping and Screening EFU Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas Residential Zone Buildings and accessory structures Min. 10 ft. Type B Vehicle use areas Mixed-Use Zone Buildings and accessory structures None NA V
Zone name
Exclusive Farm Use
General category
AGRICULTURAL
Zone area
155.79 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
1
Lot
6.56 ac
Current owner
From public records · entity-resolved
Yakis Brothers LLC
Entity
Mailing address
10910 PORTLAND RD NE, SALEM, OR 97305-9784
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2013
—
Yakis Brothers LLC
Yakis,sazon & Levonte
Quit Claim Deed
related
—
Feb 2, 2009
—
Levonte Yakis
Yakis,leo
Quit Claim Deed
related
$350,000 · Wells Fargo Bank
Mar 26, 1996
$60,000
Leo Yakis
Semerikov,ivan
Grant Deed
$40,000 · Seller
Mar 16, 1994
$29,900
Ivan Semerikov
I C D INC
Grant Deed
$24,900 · Seller
Jul 18, 1984
$31,108
I C D Co
Unknown
Grant Deed
—
—
—
Leo Yakis
—
Deed Of Trust
related
$105,887 · Key Bank NA
—
—
Leo Yakis
—
Deed Of Trust
related
$73,814 · Key Bank NA
—
—
Leo Yakis
—
Deed Of Trust
related
$400,000 · Key Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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