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Property profile & analytics
OFF-MARKET Estimated value $3,245,000
Warehouses

1785 Salishan SE St Salem, OR 97302-3343

15,124 SF 1.55 ac lot Built 1975
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US71-0470384
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1975
Total area 15,124 SF
Lot 1.55 ac (67,518 SF)
Zoning code IP
APN 083W02AB02400
UPID US71-0470384
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
  • Pringle Creek Storage Storage Facility
  • Salem Oregon Concrete Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.24M
Blend (final) Blend
$3.25M
Owner & transaction history
Schoolside Properties LLC · 8 yrs held
Schoolside Properties LLC
since 2017
2 recorded transactions
2017
Price N/A
1990
$850,000
Zoning & alternative use
IP · 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 Park
General category INDUSTRIAL
Zone area 250.49 ac
Source code of ordinances
Top alternative use upside
Auto repair, garage $5.4M +47.1%
Medical building $5.1M +39.3%
Office building $4.8M +30.8%
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