Entity Owned Property summary
The property is a metal industrial flex building with office and warehouse/training space. The office portion includes nine offices plus a conference room, and the warehouse area contains a large training/break room. The building is situated on approximately 1 acre of land and includes about 13,000 square feet of exterior yard area, with a fully fenced site and gated access. The property features a gravel yard and is positioned for convenient access to Interstate 5, near the intersection of Blossom Drive and Indian School Road, approximately 1.5 miles from the I-5 interchange at Keizer, Oregon. It has high ceilings that support storage, is secured and well-lit, includes parking suitable for employees and visitors, and has a layout designed to accommodate flexible uses. The surrounding area is primarily light to heavy industrial and logistics-related, consistent with its proximity to the freeway.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IG · Salem, ORIndustrial 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IG in Salem, OR.
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