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Property profile & analytics
OFF-MARKET Estimated value $5,575,000
Manufacturing properties

3150 Kettle SE Ct Salem, OR 97301-5572

32,000 SF 5.08 ac lot Built 2005
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US71-0877614
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2005
Total area 32,000 SF
Lot 5.08 ac (221,285 SF)
Zoning code IP
APN 073W36A 01500
UPID US71-0877614
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
  • K P Corporation Big Box & Wholesale Store
  • Lenity Architecture | Architecture and Planning Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.92M
Blend (final) Blend
$5.58M
Owner & transaction history
427 Sc LLC · 14 yrs held
427 Sc LLC
since 2012
4 recorded transactions
2012
$2.2M
2004
Price N/A
2004
$952,500
1969
Price N/A
Zoning & alternative use
IP · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Industrial and Employment Zone: EC, IC, IBC, and IP Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas 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)…

Zone name Industrial Park
General category INDUSTRIAL
Zone area 250.49 ac
Source code of ordinances
Top alternative use upside
Commercial (general) $9.1M +57.7%
Office building $8.2M +43.4%
Retail stores $7.9M +37.2%
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