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Property profile & analytics
OFF-MARKET Estimated value $565,000
Strip malls

2460 Msn SE St Salem, OR 97302-1119

116,336 SF 10.72 ac lot Built 1969
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US71-1010632
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1969
Total area 116,336 SF
Lot 10.72 ac (466,963 SF)
Zoning code IC
APN 073W35AD00600
UPID US71-1010632
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
by Request
Blend (final) Blend
$565k
Owner & transaction history
Cooperstone INC · 4 yrs held
Cooperstone INC
since 2022
Last sale
$460,000
7 recorded transactions
2022
$460,000
2019
Price N/A
2010
Price N/A
2001
Price N/A
2000
Price N/A
1999
$975,000
1981
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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