Property profile

1675 Commercial NE St Salem, OR 97301

OFF-MARKET
Industrial properties
Property ID
US71-0931714
61,314 SF 1.37 ac lot
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group HEAVY INDUSTRIAL
Total area 61,314 SF
Lot 1.37 ac (59,677 SF)
Zoning code IG
APN 073W15DD10400
UPID US71-0931714

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply
  • Painting Service General Contractor

Location

1675 Commercial NE St Salem, OR 97301-6407
Salem metro Census 200 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.59M
Blend (final) Blend
$595k

Owner & transaction history

since 2005
7 recorded transactions
2005
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IG · Salem, OR
Zoning description

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 q…

General category INDUSTRIAL
Top alternative use upside
Warehouse, storage $11.9M +8.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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