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Property profile & analytics
OFF-MARKET Estimated value $6,335,000
Warehouses

2837 22nd SE St Salem, OR 97302-1554

18,480 SF 0.86 ac lot Built 2006
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US71-0552796
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2006
Total area 18,480 SF
Lot 0.86 ac (37,462 SF)
Zoning code IG
APN 073W35DC00605
UPID US71-0552796
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
  • RSD - Refrigeration Supplies Distributor Big Box & Wholesale Store
  • Low Voltage NW Electrical Service General Contractor
  • CD Redding Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.34M
Blend (final) Blend
$6.34M
Owner & transaction history
Christine Garrison · 1 yrs held
Christine Garrison
since 2024
7 recorded transactions
2024
Price N/A
2021
Price N/A
2020
Price N/A
2019
Price N/A
2009
Price N/A
2009
Price N/A
2006
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
Restaurant $8.1M +81.7%
Auto repair, garage $6.6M +47.1%
Medical building $6.2M +39.3%
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