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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Warehouses
1330 Frnt NE St Salem, OR 97301
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0944618
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Total area
16,492 SF
Lot
0.95 ac (41,382 SF)
Zoning code
CO
APN
073W22AA12200
UPID
US71-0944618
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.71M
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$2.74M
Owner & transaction history
Honey LLC · 3 yrs held
Honey LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CO · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.2M
+32.3%
Retail stores
$4.1M
+26.7%
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%
$2,930,000
6.5%
$2,705,000
7%
$2,510,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,210,000
Current use
OFFICE BUILDING
$4,245,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$4,060,000
Change: +27% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,960,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10% · vs last sale $2.98M (Nov 30 2022)
Last sale anchor
$2.98M
Nov 30 2022
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
$166 / 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
$13,048
Tax year 2023
Assessed value
$664,790
Assessed 2023
Previous assessed
$500,310
+32.9% YoY
Effective rate
1.96%
On assessed value
Land market value
$375,540
Improvement market value
$1,540,080
Total market value
$1,915,620
Applied tax rate
24,010.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Heating
NONE
Stories
1
Total area
16,492 SF
Lot
0.95 ac (41,382 SF)
Zoning code
CO
APN
073W22AA12200
UPID
US71-0944618
Jurisdiction
MARION
Zoning & alternative use
CO · Salem, OR
Zoning CO · permitted uses
CO · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1956
Heating
NONE
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Honey LLC
Entity
Mailing address
21400 SE TILLSTROM RD, DAMASCUS, OR 97089-6026
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$2,977,500
Honey LLC
Truitt Properties LLC
Warranty Deed
$1,680,000 · First Republic Bank
May 24, 2013
—
Truitt Bros INC
—
Loan Modification
related
$5,000,000 · Wells Fargo Bank
May 26, 2005
$1,708,000
Front Street Properties LLC
Truitt Bros INC
Grant Deed
—
May 13, 2002
—
Truitt Bros INC
—
Deed Of Trust
related
$3,185,000 · Wells Fargo Bank
—
—
Front Street Properties LLC
—
Deed Of Trust
related
$1,708,000 · Truitt Bros INC
—
—
Truitt Bros INC
—
Deed Of Trust
related
$16,804,868 · Wells Fargo Bank
—
—
Truitt Bros INC
—
Loan Modification
related
$5,000,000 · Wells Fargo Bank
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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