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Property profile & analytics
OFF-MARKET Estimated value $665,000
Manufacturing properties

1780 23rd SE St Salem, OR 97302-1257

4,304 SF 0.54 ac lot Built 1979
Individually Owned 13-yr Hold ~ Est. High Equity
Property ID
US71-0304444
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1979
Total area 4,304 SF
Lot 0.54 ac (23,522 SF)
Zoning code IG
APN 073W35DA02600
UPID US71-0304444
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
  • L.P. Company, Inc. Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$603k
Blend (final) Blend
$665k
Owner & transaction history
Steven M Rux · 13 yrs held
Steven M Rux
since 2012
7 recorded transactions
2012
$371,000
2010
$275,000
2010
Price N/A
2005
Price N/A
2002
Price N/A
1980
$197,170
1969
Price N/A
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 qualification (1) above, zone-to-zone setbacks for buildings and structures are required abutting an alley when the abutting zone across the…

Zone name General Industrial
General category INDUSTRIAL
Zone area 1,702.49 ac
Source code of ordinances
Top alternative use upside
Retail stores $1.1M +37.2%
Warehouse, storage $1.0M +35.2%
Commercial (general) $1.0M +34.0%
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