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Property profile & analytics
OFF-MARKET Estimated value $1,780,000
Manufacturing properties

1225 Madison NE St Salem, OR 97301-0450

12,150 SF 0.49 ac lot Built 1979
Individually Owned 3-yr Hold Free & Clear
Property ID
US71-0699043
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1979
Total area 12,150 SF
Lot 0.49 ac (21,344 SF)
Zoning code IC
APN 073W23AB00400
UPID US71-0699043
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
  • Northwinds Electric Co Electrical Service General Contractor
  • Black Diamond Auto Spa And Tinting Interior Design Auto Repair Shop
  • Black Diamond Auto Styling Interior Design Auto Repair Shop
  • Northwest coatings and films Interior Design Auto Repair Shop
  • Black Diamond Auto Salon LLC Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$1.78M
Owner & transaction history
Legacy III Family Limited Partnersh · 3 yrs held
Legacy III Family Limited Partnersh
since 2022
7 recorded transactions
2022
Price N/A
2018
Price N/A
2018
$405,000
2018
Price N/A
1998
$350,000
1989
$125,000
1969
Price N/A
Zoning & alternative use
IC · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 use areas Limitations and Qualifications (1) Zone-to-zone setbacks are not required abutting an alley. (2) Notwithstanding qualification (1)…

Zone name Industrial Commercial
General category INDUSTRIAL
Zone area 1,285.18 ac
Source code of ordinances
Top alternative use upside
Warehouse, storage $2.4M +8.4%
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