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Property profile & analytics
OFF-MARKET Estimated value $790,000
Manufacturing properties

2928 19th SE St Salem, OR 97302-1508

5,250 SF 0.9 ac lot Built 1979
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US71-0530669
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1979
Total area 5,250 SF
Lot 0.9 ac (39,204 SF)
Zoning code IG
APN 083W02AB02000
UPID US71-0530669
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
  • Precision Metals NW General Contractor
  • West Coast Mechanical Construction Company
  • Dan's Steel Co Factory Production Facility
  • K & S Towing llc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$775k
Comparable Approach Comparable
$736k
Blend (final) Blend
$790k
Owner & transaction history
Nathan J Levin · 4 yrs held
Nathan J Levin
since 2021
Last sale
$790,000
7 recorded transactions
2026
Price N/A
2026
Price N/A
2025
Price N/A
2023
Price N/A
2023
Price N/A
2022
Price N/A
2022
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
Retail stores $1.3M +37.2%
Warehouse, storage $1.3M +35.2%
Commercial (general) $1.3M +34.0%
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