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Property profile & analytics
OFF-MARKET Estimated value $3,535,000
Manufacturing properties

2828 Cherry NE Ave Salem, OR 97301-2799

26,010 SF 3.3 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US71-0606153
Property profile
Verified
Property type Manufacturing properties
Use group FOOD PROCESSING
Total area 26,010 SF
Lot 3.3 ac (143,748 SF)
Zoning code IG
APN 073W14AB01300
UPID US71-0606153
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
  • Combat Sports Center Gym & Fitness Center
  • Denali Nut Food Processing Plant
  • Blue Diamond Growers Department Store
  • Performx Physical Therapy & Sports Massage Medical Clinic
  • Salem Auction House Trade Show Venue (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.83M
Comparable Approach Comparable
$3.65M
Blend (final) Blend
$3.54M
Owner & transaction history
The Nuthouse LLC · 3 yrs held
The Nuthouse LLC
since 2022
Last sale
$2.7M
4 recorded transactions
2022
$2.7M
2021
$1.9M
2014
$957,000
1980
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
Warehouse, storage $5.1M +8.4%
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