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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Warehouses
1410 Madison NE St Salem, OR 97301-0447
Entity Owned
4-yr Hold
Free & Clear
Property ID
US71-0629384
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1948
Total area
3,525 SF
Lot
0.12 ac (5,227 SF)
Zoning code
CG
APN
073W23AB05900
UPID
US71-0629384
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
-
Phoenix Fire Protection Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$595k
Owner & transaction history
Denah Management Services LLC · 4 yrs held
Denah Management Services LLC
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
CG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$905,000
+32.3%
Retail stores
$870,000
+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%
$625,000
6.5%
$580,000
7%
$535,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$685,000
Current use
OFFICE BUILDING
$905,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $650k (Jun 6 2022)
Last sale anchor
$650k
Jun 6 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
$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
$2,873
Tax year 2023
Assessed value
$146,360
Assessed 2023
Previous assessed
$142,100
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$41,660
Improvement market value
$641,220
Total market value
$682,880
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
1948
Heating
NONE
Stories
1
Total area
3,525 SF
Lot
0.12 ac (5,227 SF)
Zoning code
CG
APN
073W23AB05900
UPID
US71-0629384
Jurisdiction
MARION
Zoning & alternative use
CG · Salem, OR
Zoning CG · permitted uses
CG · 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
$685,000
OFFICE BUILDING
Est. value
$905,000
RETAIL STORES
Est. value
$870,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
1948
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Denah Management Services LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4130 AIRPORT RD, NAMPA, ID 83687-8647
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
Denali Management Services LLC
—
Deed
related
$520,000 · Banner Bank
Jun 6, 2022
$650,000
Denah Management Services LLC
Leon J Wolfe
Warranty Deed
—
Sep 2, 2020
$172,853
Leon J Wolfe
Whittaker Living Trust
Grant Deed
—
Nov 7, 2012
—
Whittaker Living Trust
Whittaker,michael & Sandra
Quit Claim Deed
related
—
Jan 14, 2005
$250,000
Leon J Wolfe
Whittaker Trust
Grant Deed
—
Jun 20, 1995
$40,000
Michael Whittaker
Dare Co
Grant Deed
—
Jun 7, 1990
$40,000
Dare Co Dba
Unknown
Grant Deed
—
—
—
Michael R Whittaker
—
Deed Of Trust
related
$80,000 · Bank Of Salem
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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