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Property profile & analytics
OFF-MARKET Estimated value $2,555,000
Manufacturing properties

2465 Madrona SE Ave Salem, OR 97302-1114

13,115 SF 4.32 ac lot Built 1967
Entity Owned 8-yr Hold Free & Clear
Property ID
US71-0864401
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1967
Total area 13,115 SF
Lot 4.32 ac (188,179 SF)
Zoning code IG
APN 083W02A 00200
UPID US71-0864401
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
  • Sunbelt Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
  • AIR INDUSTRIES Corporate Office Financial Advisor
  • A.i.r motor sports Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.25M
Blend (final) Blend
$2.56M
Owner & transaction history
Ksd Properties LLC · 8 yrs held
Ksd Properties LLC
since 2018
2 recorded transactions
2018
Price N/A
1983
Price N/A
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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) above, zone-to-zone setbacks for buildings and structures are required abutting an alley when the abutting zone across the…

Zone name General Industrial
General category INDUSTRIAL
Zone area 1,702.49 ac
Source code of ordinances
Top alternative use upside
Office building $4.2M +76.8%
Retail stores $3.2M +37.2%
Warehouse, storage $3.2M +35.2%
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