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Property profile & analytics
OFF-MARKET Estimated value $1,845,000
Manufacturing properties

2545 25th SE St Salem, OR 97302-1106

12,300 SF 0.7 ac lot Built 1986
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US71-0978107
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1986
Total area 12,300 SF
Lot 0.7 ac (30,492 SF)
Zoning code IC
APN 073W35D 00100
UPID US71-0978107
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
  • Cabinets at Contract Furnishings Mart Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.72M
Blend (final) Blend
$1.85M
Owner & transaction history
Patterson Holding Co LLC · 10 yrs held
Patterson Holding Co LLC
since 2015
6 recorded transactions
2021
Price N/A
2015
Price N/A
2010
Price N/A
2010
$687,940
2003
$687,940
1986
$99,450
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
Top alternative use upside
Retail stores $3.0M +37.2%
Warehouse, storage $3.0M +35.2%
Commercial (general) $3.0M +34.0%
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