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    Property profile & analytics

    21385 Santiam SE Hwy Stayton, OR 97383-9641

    • Warehouses
    • 4,800 SF
    • 1.25 lot acres
    OFF-MARKET
    Last Sale
    Jun 09, 2020
    $210,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1259201
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • NAPA Auto Parts - Davison Auto Parts Inc / Auto Parts Store

    Property Details for 21385 Santiam SE Hwy

    Lot size
    1.25 lot acres
    Property size
    4,800 SF
    Zone code
    CC
    Property type
    Warehouses
    APN
    091E13A 01201
    APU
    091E13A01201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stayton
    County
    Marion
    State
    Oregon
    Longitude
    -122.627
    Latitude
    44.7913
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,043
    $0.00
    $0.00
    $332,620
    -
    $174,280
    $533,010
    $707,290

    Comparable in this City

    • Value Estimation
      $3,200,000
      13,000 SF

      1855 Pacific SE Ct

      MINI-WAREHOUSE, STORAGE • 13,000 SF
      1855 Pacific SE Ct, Stayton, OR 97383-9417
      View Details
    • Value Estimation
      $1,920,000
      6,880 SF

      1875 Pacific SE Ct

      WAREHOUSE, STORAGE • 6,880 SF
      1875 Pacific SE Ct, Stayton, OR 97383-9417
      View Details
    • Value Estimation
      $955,000
      3,912 SF

      1683 Washington St

      WAREHOUSE, STORAGE • 3,912 SF
      1683 Washington St, Stayton, OR 97383-9509
      View Details
    • Value Estimation
      $1,010,000
      8,640 SF

      1885 Washington St

      WAREHOUSE, STORAGE • 8,640 SF
      1885 Washington St, Stayton, OR 97383-9511
      View Details
    • Value Estimation
      $2,105,000
      18,000 SF

      873 Willamette Ave

      WAREHOUSE, STORAGE • 18,000 SF
      873 Willamette Ave, Stayton, OR 97383
      View Details
    • Value Estimation by Request
      1,440 SF

      201 Jetters Way

      STORAGE YARD (JUNK, SALVAGE) • 1,440 SF
      201 Jetters Way, Stayton, OR 97383-1577
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,000 SF

      18,000 SF Stand Alone Warehouse

      Stand alone warehouse with office, restroom, and on-site parking.
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      Certified Land Ready for Development

      44.07-acre site suitable for manufacturing or warehouse/distribution.
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      Commercial Land in Sheridan, Oregon

      Commercial land in Sheridan, Oregon, near Highway 18.
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      Stayton Light Industrial Land Opportunity

      43.78 acres of flat land suitable for development.
      2410 Shaff Rd SE, Stayton, OR 97383
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    • $150,000

      Commercial Land Near Highway 22

      0.95 acre commercial land in Mehama, Oregon.
      21991 Fern Ridge Rd, Stayton, OR 97383
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      Commercial Land Near Highway 22

      Commercial land for sale with high traffic count.
      21991 Fern Ridge Rd SE, Stayton, OR 97383
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    Similar Nearby for Lease

    • Contact for pricing

      Stayton Industrial Spaces and Land

      Industrial spaces and land for lease in Stayton, Oregon.
      930 W Washington St, Stayton, OR 97383
      View Details
    • $1.00 SF/Yr
      600 SF

      Retail Space in Stayton, Oregon

      Retail space available with ample parking and tenant improvements negotiable.
      143-147 W Washington St, Stayton, OR 97383
      View Details
    • Contact for pricing
      490 SF

      Stayton Commercial Property For Rent

      Well-maintained commercial property in Stayton with reception, offices, and restroom.
      2340 Martin Dr, Stayton, OR 97383
      View Details
    • Contact for pricing

      Industrial Land Available For Lease

      8.35 acres of light industrial land for lease.
      W Washington St, Stayton, OR 97383
      View Details
    • $1.50 SF/Yr
      2,871 SF

      Stayton Plaza Retail Space Available

      Prime commercial space with existing dental infrastructure in Stayton.
      151-171 W Washington St, Stayton, OR 97383
      View Details
    • Contact for pricing

      Stayton Commercial Land for Lease

      0.93 acre commercial land parcel available for lease.
      2800 N 3Rd Ave, Stayton, OR 97383
      View Details
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    Stayton, OR 97383-9641
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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