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Property profile & analytics
OFF-MARKET Estimated value $18,060,000
Office buildings

1430 Tandem Ave Nea Salem, OR 97301-2192

57,750 SF 5.44 ac lot Built 1991
Trust Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US71-0784905
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1991
Total area 57,750 SF
Lot 5.44 ac (236,966 SF)
Zoning code IC
APN 073W11DA01703
UPID US71-0784905
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
  • Cosmetology Board Public Health Department
  • Oregon Health Licensing Office (HLO) State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.06M
Blend (final) Blend
$18.06M
Owner & transaction history
Fox,joseph R Trust · 9 yrs held
Fox,joseph R Trust
since 2016
5 recorded transactions
2017
Price N/A
2016
Price N/A
2016
$1.9M
2010
Price N/A
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
Restaurant $25.5M +71.3%
Auto repair, garage $20.6M +38.7%
Medical building $19.5M +31.3%
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