3186 Orchard Heights Rd, Salem, OR 97304
This exceptional 126.7-acre property presents a rare opportunity for large-scale development within Salem city limits and the Urban Growth Boundary (UGB). Located at 3186 Orchard Heights Rd NW, Salem, OR 97304, this expansive land parcel boasts three distinct terraces, offering diverse development possibilities and stunning Cascade Mountain views. The property's zoning is a blend of Residential Agriculture (RA) and Mixed-Use II (MU-II), with approximately 62.4 acres zoned MU-II and 64.3 acres zoned RA, allowing for a flexible approach to project planning. This high-demand area features excellent demographics, making it ideal for a variety of uses, including multifamily, single-family residential, and commercial developments. The five tax lots (267993, 268002, 271488, 267906, 268130
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.