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Property profile & analytics
OFF-MARKET Estimated value $5,420,000
Warehouses

3147 22nd SE St Salem, OR 97302-1161

20,694 SF 1.59 ac lot Built 1996
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US71-0654287
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1996
Total area 20,694 SF
Lot 1.59 ac (69,260 SF)
Zoning code IG
APN 083W02AB03100
UPID US71-0654287
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
by Request
Comparable Approach Comparable
$5.42M
Blend (final) Blend
$5.42M
Owner & transaction history
3147 22nd Street LLC · 3 yrs held
3147 22nd Street LLC
since 2022
6 recorded transactions
2022
Price N/A
2016
Price N/A
1996
Price N/A
1995
Price N/A
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
Auto repair, garage $7.4M +47.1%
Medical building $7.0M +39.3%
Office building $6.6M +30.8%
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