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Property profile & analytics
OFF-MARKET
Estimated value
$6,095,000
Warehouses
300 Musgrave NW Ln, Salem, OR 97304-3824
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0811185
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Total area
42,780 SF
Lot
2.88 ac (125,453 SF)
Zoning code
IP
APN
07322-C0-00102
UPID
US71-0811185
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.09M
Comparable Approach
Comparable
$6.77M
Blend (final)
Blend
$6.10M
Owner & transaction history
In Self Storage 12 LLC · 8 yrs held
In Self Storage 12 LLC
since 2018
4 recorded transactions
Zoning & alternative use
IP · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$5,510,000
6.5%
$5,085,000
7%
$4,725,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,320,000
Current use
Blend value · Realmo final
$6.10M
Range $5.49M – $6.70M · ±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
$142 / 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
$32,822
Tax year 2023
Assessed value
$1,741,510
Assessed 2023
Previous assessed
$1,690,790
+3.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$302,390
Assessed improvement
$1,439,120
Land market value
$1,027,020
Improvement market value
$3,196,830
Total market value
$4,223,850
Applied tax rate
3,225.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
NONE
Stories
2
Rooms
7
Bathrooms
1
Total area
42,780 SF
Lot
2.88 ac (125,453 SF)
Zoning code
IP
APN
07322-C0-00102
UPID
US71-0811185
Jurisdiction
POLK
Zoning & alternative use
IP · Salem, OR
Zoning IP · permitted uses
IP · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.3M
WAREHOUSE, STORAGE Current
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
1977
Heating
NONE
Stories
2
Rooms
7
Bathrooms
1
Lot
2.88 ac
Current owner
From public records · entity-resolved
In Self Storage 12 LLC
Entity
Mailing address
384 INVERNESS PKWY STE #260, ENGLEWOOD, CO 80112-6071
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2018
$5,725,000
In Self Storage 12 LLC
American Storage Facilities Ll
Trustees Deed
$3,721,250 · A10 Cap
May 16, 2006
$1,521,000
Carol L Works
American Self-svc Storage
Grant Deed
—
Jun 27, 2005
—
American Storagee Facilities Ll
Works,carol L
Grant Deed
related
—
Mar 3, 2005
$241,000
Carol L Works
Works,carol L
Grant Deed
related
—
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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