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Property profile & analytics
OFF-MARKET Estimated value $12,525,000
Warehouses

3501 Fairview Industrial SE Dr Salem, OR 97302-1155

41,427 SF 4.78 ac lot Built 1998
Entity Owned 13-yr Hold Free & Clear
Property ID
US71-0489281
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1998
Total area 41,427 SF
Lot 4.78 ac (208,217 SF)
Zoning code IC
APN 083W02 00700
UPID US71-0489281
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
  • Barrett Business Services Inc Employment Agency
  • South Salem Disabilities Social Service Agency Charitable Organization
  • Serenity Hospice Home Health Care Service
  • Cherry City Deck Solutions Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.52M
Blend (final) Blend
$12.53M
Owner & transaction history
State Investments LLC · 13 yrs held
State Investments LLC
since 2012
7 recorded transactions
2012
$4.7M
2011
$6.0M
2011
$6.0M
2010
Price N/A
2006
$200,000
2006
$350,000
2006
$200,000
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
Restaurant $18.3M +81.7%
Auto repair, garage $14.8M +47.1%
Medical building $14.0M +39.3%
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