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Property profile & analytics
OFF-MARKET Estimated value $2,795,000
Warehouses

3120 22nd SE St Salem, OR 97302-1161

10,220 SF 0.55 ac lot Built 1994
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US71-0686109
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1994
Total area 10,220 SF
Lot 0.55 ac (23,958 SF)
Zoning code IG
APN 083W02AB03000
UPID US71-0686109
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
  • Thermal Supply Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.79M
Blend (final) Blend
$2.80M
Owner & transaction history
Monroe Commercial Props LLC · 16 yrs held
Monroe Commercial Props LLC
since 2010
4 recorded transactions
2010
Price N/A
1994
$75,000
1969
Price N/A
1969
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 $4.5M +81.7%
Auto repair, garage $3.7M +47.1%
Medical building $3.5M +39.3%
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