Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1335 Madison NE St Salem, OR 97301-0442
    Back to Search
    Property profile & analytics

    1335 Madison NE St, Salem, OR 97301-0442

    View on Map
    • Distribution centers
    • 14,400 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US71-0551941
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cherry City Roller Derby / Gym & Fitness Center / Sports Field & Court
    • The Madhouse / Gym & Fitness Center / Sports Field & Court
    • Hit This! Derby Gear / (Bike/Boat/Book/etc) Store

    Property Details for 1335 Madison NE St

    Year built
    1978
    Lot size
    0.46 lot acres
    Zone code
    IC
    Property type
    Distribution centers
    APN
    073W23AB00500
    APU
    073W23AB00500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 10, 2018 — Nathan J Levin — Deed · related —
    Apr 18, 1994 — Louis E Braunschweig Stites,clifford Quit Claim Deed · related —
    Dec 28, 1989 $140,000 L D Thomas Properties Ltd Unknown Grant Deed —
    — — Louis E Braunschweig — Deed Of Trust · related $150k · Washington Mutual Fsb
    — — Nathan J Levin — Loan Modification · related —
    — — Nathan J Levin — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,730,000
      Market price range: $1.73M - $4.45M
      AI Estimate
      $1,545,000
      Market price range: $858k - $4.36M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,585,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.016
    Latitude
    44.9541
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,225
    $0.00
    $0.00
    $419,070
    -
    $108,180
    $838,320
    $946,500

    Comparable in this City

    • Value Estimation
      $5,900,000
      23,150 SF

      1995 Commercial NE St

      DISTRIBUTION WAREHOUSE
      1995 Commercial NE St, Salem, OR 97301-0710
      View Details
    • Value Estimation
      $8,515,000
      40,208 SF

      625 Hawthorne SE Ave

      DISTRIBUTION WAREHOUSE
      625 Hawthorne SE Ave, Salem, OR 97301-6865
      View Details
    • Value Estimation by Request
      4,460 SF

      3526 Brooks Ave

      Distribution properties
      3526 Brooks Ave, Salem, OR 97301
      View Details
    • Value Estimation
      $3,190,000
      15,826 SF

      1685 Salem Industrial NE Dr

      DISTRIBUTION WAREHOUSE
      1685 Salem Industrial NE Dr, Salem, OR 97301-0375
      View Details
    • Value Estimation
      $2,545,000
      11,200 SF

      3590 Portland NE Rd

      DISTRIBUTION WAREHOUSE
      3590 Portland NE Rd, Salem, OR 97301-0349
      View Details
    • Value Estimation by Request
      36,462 SF

      1505 Front St

      Distribution properties
      1505 Front St, Salem, OR 97301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      625 SF

      Mixed-Use Property in Salem

      Versatile mixed-use property with retail, office, and warehouse space.
      3545 Portland Rd NE, Salem, OR 97301
      View Details
    • Contact for pricing
      11,923 SF

      Riverfront Redevelopment Site For Sale

      1.63 acre riverfront redevelopment site with existing industrial building.
      110 Division St NE, Salem, OR 97301
      View Details
    • $2,100,000

      Cold Storage Warehouse For Sale

      Well-maintained 13,125 SF cold storage warehouse space available for sale.
      1400 Salem Industrial Dr, Salem, OR 97301
      View Details
    • Contact for pricing
      9,299 SF

      Commercial Portfolio with Highway Frontage

      Two-parcel commercial/industrial portfolio with showroom, office, and warehouse space.
      1994 Commercial St NE, Salem, OR 97301
      View Details
    • Contact for pricing
      65,597 SF

      Salem Warehouse with Heavy Electrical

      65,597 SF Salem warehouse featuring heavy electrical capacity.
      560 21St St SE, Salem, OR 97301
      View Details
    • $1,300,000
      3.09 Acres

      Truck Wash and Industrial Shop

      Level gravel-and-asphalt yard supports storage or truck operations, paired with a truck wash station and multiple shop bays.
      3650 Mainline Dr NE, Salem, OR 97301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space with Secure Yard

      Industrial space with yard near I-5 and major highways.
      1505 Front St NE, Salem, OR 97301
      View Details
    • Contact for pricing
      4,410 SF

      Salem Warehouse with 24-Hour Access

      Industrial warehouse space for lease in Salem, Oregon.
      1975 Taft St NE, Salem, OR 97301
      View Details
    • Contact for pricing

      Class A Office Space Available

      Flexible, high-quality Class A space in Salem's premier campus.
      680 Hawthorne Ave Southeast, Salem, OR 97301
      View Details
    • Contact for pricing
      30,000 SF

      Retail/Flex Building with Showroom

      Retail/flex building with showroom and high visibility available for lease.
      3515 Del Webb Ave NE, Salem, OR 97301
      View Details
    • Contact for pricing

      Accessible Storage Buildings Near I-5

      Small storage buildings with easy access to I-5.
      4780 Ridge Dr NE, Salem, OR 97301
      View Details
    • Contact for pricing

      Versatile Business Park for Lease

      Seven-building business park suitable for various commercial uses.
      200 Hawthorne Ave SE, Salem, OR 97301
      View Details
    Request Owner's contact information
    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.
    1335 Madison NE St
    Salem, OR 97301-0442
    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
    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

    Thank You for Inquiry
    1335 Madison NE St, Salem, OR, 97301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!