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Property profile & analytics
OFF-MARKET Estimated value $1,395,000
Manufacturing properties

3297 Portland NE Rd Salem, OR 97301-0813

9,514 SF 0.9 ac lot Built 1956
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US71-0812435
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1956
Total area 9,514 SF
Lot 0.9 ac (39,204 SF)
Zoning code IC
APN 073W13BB04800
UPID US71-0812435
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
  • Paloma’s Taqueria Take-out & Catering Catering Service
  • La Mota - Salem WH (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$1.40M
Owner & transaction history
122 Meridian LLC · 2 yrs held
122 Meridian LLC
since 2024
7 recorded transactions
2024
$950,000
2018
Price N/A
2016
$650,000
2014
$465,000
2005
$375,000
2003
$11,000
1995
$247,500
Zoning & alternative use
IC · 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 Commercial
General category INDUSTRIAL
Zone area 1,285.18 ac
Source code of ordinances
Top alternative use upside
Warehouse, storage $1.9M +8.4%
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