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Property profile & analytics
OFF-MARKET Estimated value $4,055,000
Manufacturing properties

1947 Claxter NE Rd Salem, OR 97301-0388

27,656 SF 2.17 ac lot Built 1978
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US71-0890204
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1978
Total area 27,656 SF
Lot 2.17 ac (94,525 SF)
Zoning code IP
APN 073W01C 02800
UPID US71-0890204
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
  • Barnwood Naturals LLC General Contractor
  • Oregon Tile and Design Hardware & Home Improvement Carpet & Flooring Store
  • Oltre Castings and Design Production Facility
  • Oregon Five Star Enterprises General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.88M
Blend (final) Blend
$4.06M
Owner & transaction history
Oregon Five Star Rentals LLC · 7 yrs held
Oregon Five Star Rentals LLC
since 2018
2 recorded transactions
2026
Price N/A
2018
Price N/A
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
Warehouse, storage $5.4M +8.4%
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