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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Manufacturing properties
278 78th NE Ave Salem, OR 97317-8982
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US71-0738914
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
1978
Total area
11,368 SF
Lot
1.05 ac (45,738 SF)
Zoning code
I
APN
072W26C 00900
UPID
US71-0738914
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
-
Northwest Millwork Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.67M
Owner & transaction history
Peter A Cinquini · 20 yrs held
Peter A Cinquini
since 2006
6 recorded transactions
Zoning & alternative use
I · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Warehouse, storage
$2.2M
+8.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,040,000
Current use
WAREHOUSE, STORAGE
$2,210,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$146 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,432
Tax year 2023
Assessed value
$525,000
Assessed 2023
Previous assessed
$509,710
+3.0% YoY
Effective rate
1.42%
On assessed value
Land market value
$154,290
Improvement market value
$604,600
Total market value
$758,890
Applied tax rate
92,410.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
11,368 SF
Lot
1.05 ac (45,738 SF)
Zoning code
I
APN
072W26C 00900
UPID
US71-0738914
Jurisdiction
MARION
Zoning & alternative use
I · Salem, ORZoning I · permitted uses
I · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Peter A Cinquini
Individual
Mailing address
278 78TH AVE NE, SALEM, OR 97317-8982
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2006
—
Peter A Cinquini
—
Trustees Deed
related
$191,000 · Us Bank Trust Co
Apr 20, 2006
$350,000
Peter A Cinquini
Mcdonald Family Trust
Warranty Deed
$280,000 · Us Bank NA
Mar 5, 1987
$85,000
Dean R Et Al Mcdonald
Unknown
Grant Deed
—
—
—
Peter A Cinquini
—
Deed Of Trust
related
$187,000 · Us Bank NA
—
—
Peter A Cinquini
—
Deed Of Trust
related
$280,000 · Us Bank NA
—
—
Pac LLC
—
Deed Of Trust
related
$435,000 · Columbia St Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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