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Property profile & analytics
OFF-MARKET Estimated value $2,580,000
Office Spaces

2075 Madrona SE Ave Salem, OR 97302-1149

8,122 SF 0.5 ac lot Built 2016
Entity Owned Free & Clear
Property ID
US71-1590724
Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2016
Total area 8,122 SF
Lot 0.5 ac (21,780 SF)
Zoning code IBC
APN 083W02AC90000
UPID US71-1590724
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
  • Home Builders Association of Marion & Polk Counties Charitable Organization Social Service Agency
  • Oregon Home Builders Association Charitable Organization Social Service Agency
  • Willamette Valley Home Builders Association Construction Company General Contractor
  • Home Builders University University
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.58M
Blend (final) Blend
$2.58M
Owner & transaction history
OREGON HOME BUILDERS ASSC & HOME BUILDERS ASSC MAR
OREGON HOME BUILDERS ASSC & HOME BUILDERS ASSC MAR
Zoning & alternative use
IBC · 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 Business Campus
General category INDUSTRIAL
Zone area 92.43 ac
Source code of ordinances
Top alternative use upside
Restaurant $3.6M +38.9%
Auto repair, garage $2.9M +12.5%
Medical building $2.7M +6.5%
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