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Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Warehouses
3535 Del Webb NE Ave Salem, OR 97301-7499
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0650503
Property summary
AI-generated overview
This 803-square-foot warehouse, located at 3535 Del Webb Ave NE, Suite 128, Salem, Oregon 97301, is currently available for lease. The property is classified as Industrial, with a specific subtype of Warehouse and is zoned IG - Industrial General. The building offers a single-tenant occupancy, meaning the entire 803 square feet is available to a single lessee. This presents a unique opportunity for a business seeking a functional and conveniently located space. The property's address is easily accessible within Salem, Oregon, providing excellent access to transportation routes and potential customer bases. The building's size is ideal for smaller businesses or those requiring a compact yet efficient workspace. Interested parties are encouraged to inquire further to explore the leasing possibilities and learn more about this attractive industrial property. The property is situated at latitude 44.9754832 and longitude -123.0156137. This single-tenant warehouse offers a straightforward and efficient space for a variety of industrial uses, subject to zoning regulations. Contact us to schedule a viewing.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Total area
21,550 SF
Lot
1.1 ac (47,916 SF)
Zoning code
IG
APN
073W11DB01000
UPID
US71-0650503
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
-
Lincare Production Facility
-
Point Monitor Corporation Security Service
-
QuikMedic Physician
-
All Natural Pest Elimination Garden Center
-
KMM Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
$4.86M
Blend (final)
Blend
$4.13M
Owner & transaction history
Bethpage Oswego LLC · 3 yrs held
Bethpage Oswego LLC
since 2022
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.1M
+45.5%
Office building
$5.5M
+32.3%
Retail stores
$5.3M
+26.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,775,000
6.5%
$2,560,000
7%
$2,380,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,190,000
Current use
COMMERCIAL (GENERAL)
$6,100,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$5,545,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$5,310,000
Change: +27% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,870,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±10% · vs last sale $3.46M (Nov 3 2022)
Last sale anchor
$3.46M
Nov 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,502
Tax year 2023
Assessed value
$1,248,400
Assessed 2023
Previous assessed
$1,212,040
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$179,690
Improvement market value
$3,067,270
Total market value
$3,246,960
Applied tax rate
24,950.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
21,550 SF
Lot
1.1 ac (47,916 SF)
Zoning code
IG
APN
073W11DB01000
UPID
US71-0650503
Jurisdiction
MARION
Zoning & alternative use
IG · Salem, OR
Zoning IG · permitted uses
IG · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Bethpage Oswego LLC
Entity
Mailing address
32255 NE OLD PARRETT MTN RD, NEWBERG, OR 97132-6934
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
$3,460,000
Bethpage Oswego LLC
3b Family Investments LLC
Warranty Deed
$2,768,000 · First Interstate Bank
Sep 14, 2010
$2,090,000
3b Family Investments LLC
Dwd Family Investments LLC
Warranty Deed
—
Jan 4, 2010
$2,090,000
Dwd Family Investments LLC
3b Family Investments LLC
Grant Deed
$2,090,000 · 3b Family Investments LLC
Jul 16, 1999
—
Daniel Allen
Thirty One Ten Holdings
Grant Deed
related
—
Mar 4, 1999
$167,700
Thirty One Ten Holding INC
Colson & Colson Construction
Grant Deed
—
Jul 7, 1988
—
Joseph R Fox
Unknown
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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