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Property profile & analytics
OFF-MARKET Estimated value $2,235,000
Showrooms

2085 Frnt NE St Salem, OR 97301-0751

12,172 SF 0.57 ac lot Built 1953
Entity Owned 26-yr Hold ~ Est. High Equity
Property ID
US71-0875536
Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1953
Total area 12,172 SF
Lot 0.57 ac (24,829 SF)
Zoning code IC
APN 073W15DA05500
UPID US71-0875536
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.23M
Blend (final) Blend
$2.24M
Owner & transaction history
Ara Enterprises LLC · 26 yrs held
Ara Enterprises LLC
since 1999
2 recorded transactions
1999
Price N/A
1989
Price N/A
Zoning & alternative use
IC · 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 Commercial
General category INDUSTRIAL
Zone area 1,285.18 ac
Source code of ordinances
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