Property profile

2045 Madrona SE Ave Salem, OR 97302

OFF-MARKET
Medical Office Space
Property ID
US71-1529811
5,937 SF 0.48 ac lot Built 2015
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 2015
Total area 5,937 SF
Lot 0.48 ac (20,909 SF)
Zoning code IC
APN 083W02AC00800
UPID US71-1529811

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
  • Dental Office
  • Medical Clinic
  • Dental Office

Location

2045 Madrona SE Ave Salem, OR 97302-1149
Salem metro Census 1000 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
$2.03M
Blend (final) Blend
$1.84M

Owner & transaction history

since 2015
7 recorded transactions
2016
Price N/A
2016
Price N/A
2015
Price N/A
2015
$315,000
2009
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IC · Salem, OR
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 u…

General category INDUSTRIAL
Top alternative use upside
Restaurant $2.6M +30.4%
Auto repair, garage $2.1M +5.6%

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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