Property profile

2860 Cherry NE Ave Salem, OR 97301

OFF-MARKET
Warehouses
Property ID
US71-0655297
31,496 SF 6.29 ac lot Built 1965
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1965
Total area 31,496 SF
Lot 6.29 ac (273,992 SF)
Zoning code IG
APN 073W14AB00900
UPID US71-0655297

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage

Location

2860 Cherry NE Ave Salem, OR 97301
Salem metro Census 400 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.78M
Blend (final) Blend
$560k

Owner & transaction history

since 2024
2 recorded transactions
2024
$6.0M
2022
Price N/A

Zoning & alternative use

IG · Salem, OR
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 q…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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