Property profile

1801 Newgarden Rd Salem, OH 44460

OFF-MARKET
Manufacturing properties
Property ID
US66-0819800
15,046 SF 15.29 ac lot Built 1960
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1960
Total area 15,046 SF
Lot 15.29 ac (665,924 SF)
APN 50-00838-000
UPID US66-0819800

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
  • Industrial Manufacturer Production Facility
  • Factory Production Facility

Location

1801 Newgarden Rd Salem, OH 44460-9514
Salem metro Census 950800 SALEM, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$980k
CAP Approach CAP
by Request
Comparable Approach Comparable
$611k
Blend (final) Blend
$1.01M

Owner & transaction history

since 2022
Last sale
$850,000
1 recorded transaction
2022
$850,000

Zoning & alternative use

Top alternative use upside
Restaurant $1.2M +166.7%
Medical building $1.1M +145.2%
Office building $1.1M +140.1%

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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